Are there agents involved in this transaction?
If the loan is not insured then it may be dragging its feet because it has the loan on its books at the full value. Any sale will result in a reduction of its assets by the amount it sells th property less than the book value of the loan.
Richard A. Willer
IDK....but there are many possibilities but if the HO is planning to do a Short Sale they should have signed immediately to approve.
Valerie Edwards, REALTOR
Premier Real Estate
ABR, RRG, SRS, SFR, SRES, RSPS, GREEN, ATHOM
Yes sometimes a bank may give the approval of the shortsale......but not release the deficiency with the approval.
Although a seller really does want to sell, a term stipulating no release of a deficiency may change a seller's mind.
Should you or your friends/family have any Las Vegas real estate needs or questions, please feel free to contact me at anytime....
Thanks and have a great day!
Julia St. Marie, ABR, RRG, RSPS
Realty ONE Group
Certified REO Specialist
Direct: 702-355-H-O-M-E (4663)
Video Newsletter: http://realtytimes.com/REUv/LVrealEstateLady