Short Sale Progress

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 7 years ago.



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    Anonymous

    Hi all,
    *
    Late last year we put an offer on a short sale which had two lenders and a pending bankruptcy. This week we heard back that the home is out of bankruptcy and the first loan*will not be short and they are negotiating with the second lender. I believe the second loan is comparatively low (at less than $50K).
    *
    My question is, can I safely say that the first lender has “approved” our offer? Also how much of a chance do we have of getting the second lender to approve? I just asked my realtor the same questions but I’m too impatient to wait for an answer.*:smileyhappy:



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