Lance Price's Blog (1)

SHORT SALE APPROVAL LETTER LANGUAGE

Just wanted to know if any investor our there has received an approval letter with the following language in it:

"There are no agreements, understandings, contracts, or offers relating to the current sale or subsequent sale of the Property that have not been disclosed to the Servicer"

This seems to be new language that I haven't seen before but if the buyer has the intention of reselling the property afterwards - how…

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Added by Lance Price on June 2, 2014 at 8:54am — 2 Comments

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Lance Price's Blog (1)

SHORT SALE APPROVAL LETTER LANGUAGE

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