Home Buying in Flat Rock>Question Details

Jc, Home Buyer in Flat Rock, MI

The seller's were approved for a short sale and the bank had the BPO and they agreed with the comp. price we offered.

Asked by Jc, Flat Rock, MI Mon Apr 25, 2011

Our buyer's agent has been in touch with the seller's agent and he has been told by 5/3 bank the offer is now being sent to management for approval. Does this mean we are close to a deal?

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You should be close. Congratulations. Hopefully the bank will move quickly at this point to generate the letter, and the seller will accept the terms offered by the bank.
1 vote Thank Flag Link Mon Apr 25, 2011
Maureen Fran…, Real Estate Pro in Birmingham, MI

Yes it does!! Once an offer has been agreed upon the lender has to take it to committee for approval. Once that is completed, usually no more than a week 2 at most, you should be good to go!!!

Good Luck,

Karen Paytas, GRI, CMS
Real Living Kee Realty
0 votes Thank Flag Link Mon Apr 25, 2011
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