Asked by Nola, Hartville, OH • Mon Aug 13, 2012
I am currently waiting on written approval from lender 1 in a two lender short sale. The Equator system gave us a counter offer, and we accepted.
I was told it could be a week or two, it has now been three. The negotiator working for the seller told us they would be "escalating" the file this week. What does that mean and what is the likelihood that this will be approved once it is escalated?
Lender 1 is AHMSI and Lender 2 is Citibank.
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