In your experience, what has been the % chance that a seller's request for short sale was approved by the bank?

Asked by DB, Fort Lauderdale, FL Mon Jul 15, 2013

I know there are MANY factors in this but please respond with a %, like "45%"

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Josh Barnett, Agent, Chandler, OK
Fri Jul 19, 2013
50 / 50, sometimes the seller just lets the home go through foreclosure because even after the short sale approval, the bank still does nothing to process the paperwork.
0 votes
Eva Aliaga, Agent, Boca Raton, FL
Mon Jul 15, 2013
For my short sale listings it has been 100% approval, the file has to be complete and a hardship.

Eva Aliaga
Keller Williams Realty
0 votes
Gary Hitchco…, Agent, Coral Springs, FL
Mon Jul 15, 2013
100 percent of my transactions with sellers and buyers.
0 votes
Annette Law…, Agent, Palm Harbor, FL
Mon Jul 15, 2013
100% if there exists REAL hardship..
However, the real 'approval' comes when you accept the first buyers offer and submit that to the bank.
When the bank responds with 'additonal contribution needed' then the real intention and approval is revealed.
Chat with your agent regarding the track record of your mortgage lender.
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