Is it possible to find out if this is a bank approved listing price?

Asked by Frank, West Babylon, NY Wed May 27, 2009

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Jaishree..Ja…, Agent, Woodbury, NY
Wed May 27, 2009
It's not a bank approved listing. The signed fully executed contract have to be presented to the bank to review, it could take few months before we can find out approval or denial.
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Dana Schuster, Agent, Slidell, LA
Wed May 27, 2009
No,this is a potential short sale,not a foreclosure. The price is set by the seller who still owns the property. when the seller agrees to a contract,the contract will be submitted to the bank for approval on a short sale.
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