Back to Results
Please enter a valid email address.
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.
Please enter text in the "Enter the text to display" field.
Please enter text in the "Enter URL" field.
Please enter a valid URL.
Please insert a video embed only
The listing agent does carry the weight of getting the forclosure stalled, although as a short sale agent we are not assigned by the bank-The seller highers us just as any seller would do when listing a property.In most cases getting the forecloser stalled can be successful especially when there is a current offer in process, but in a short sale nothing is "for sure" until you have written approval.The difference in the $220K that came back on the BPO and the $185K approved price would tell me that the home has been on the market for a while. In the first 30 days of a listing the bank will not accept any less than 88% of the full market value but drops the percentage over time. The approved price is about 84% which is generally the lowest that they will accept.Fannie Mae, I have been told is currently a bit back logged so it may not go as quickly as the listing agent is hopping. I would push for them to get the foreclosure date stalled now! The closer it gets to that date the more difficult it can become. Now it should be as easy as a request to the negotiator but that depends upon the bank that is servicing the loan also.Once you get final short sale approval in writting, your escrow should proceed much like a normal transaction would. You said that yours was a cash offer so you should be able to close within 2 weeks if you want.
Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.
For Sale: $229,900
For Sale: $235,000
For Sale: $430,000