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Eric, Home Buyer in Los Angeles, CA

Does an approved short sale mean that the property price is no longer negotiable? THANKS...

Asked by Eric, Los Angeles, CA Wed May 14, 2008

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If you have received an offer and it has been approved by the lender and it has been agreed to by both the buyer and seller, you may be bound by the terms of the contract. If the property is on the market and the lender has just approved that a short sale is possible, then the price should be negotiable with any prospective buyer. But, in the end the contract will need to be approved by any and all lenders.
0 votes Thank Flag Link Wed May 14, 2008
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