The asking price is what the bank wanted? or the list price? There is a difference!
Final stages? Hmmm!
You sound like you have concerns and been waiting for a while. Understandable!
Ask for "definitely going thru" in writing. Final stages really means nothing. But the seller must first be approved for the short sale and then the buyer's price must be approved.
The final stage is the approval itself. Using given aa verbal depending on the bank, and then in writing. Most banks using web based communications will give only in writing. Wells Fargo Bank of America, Chase, Ocwen, GMAC Vericrest, and some others. Citi may do a verbal followed by a written almost immediately afterward.
What a buyer should know about short sales...
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