"Subject to lien holders approval" means that the home is being marketed as a short sale-which means that the list price of the home is less than what the sellers owe on their mortgage. In order for this home to close at the list price or less, the lien holder (sellers bank) must approve the sale. This could be a lengthy process (sometimes 3-6 months) and there are no guarranties that the lien holder will approve the sale at full list price or less. I hopes this helps. If you have any further questions or would like some help in your search, let me know. I work out of Warwick, and do most of my business in Warwick, West Warwick, Coventry and Cranston. I also am very familiar with short sales/foreclosures and will be happy to explain the process to you. Either way, you should have a buyer agent looking out for your best interests. Good luck!