What are the conditions of the short sale?

Asked by Polky50, Fairfield, PA Wed Feb 29, 2012

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Wayne Odenbr…, Agent, Mountain Lakes, NJ
Thu Mar 1, 2012
They will vary. First thing to remember is that the owner is still the owner. They must sign the contract. It would be contingent on "Bank Approval". That is where it sometimes becomes problematic. The bank may inform you that no inspection issues will be addressed. They may require a quick close. They may want to review your Lender Approval.

Its like the wild west out there sometimes. Be prepared to be flexible, if you really want the house
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