Property Q&A in Coventry>Question Details

Jen, Home Buyer in Hope, RI

what does subject to lien holders approval mean? is this house on short sale?

Asked by Jen, Hope, RI Fri Feb 20, 2009

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Yes, this is a short sale. The asking price is not necessarily one that the lender will accept and all offers must be sent to the lender for their approval. If you have any further questions, call me at 401-714-7724.
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1 vote Thank Flag Link Fri Feb 20, 2009
Hi Jen,
This is some of the verbage that identifies the sale of this property needs to be approved by the current lender, typically indicating a short sale.
1 vote Thank Flag Link Fri Feb 20, 2009
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