Negotiator asking for updated financials

Hi All,

My shortsale is under process from past 3 months, There were two counters from the bank and we countered all of them after the appraisal, now after sitting on the counter for 2 weeks the negotiators are asking for updated financials from seller ? Does this mean I might receive the approval from lender ? Also this is my first short sale, Does the lender deleiver a physical letter by post or they going to send an email ?

Thanks

kahn

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Permalink Reply by Bryant Tutas on November 12, 2012 at 6:41am

Financial expire and have to be updated every 60-90 days. It sounds kike they are getting the file ready to go to the investor for final approval. The letter will usually be sent to your agent via fax or email.

Permalink Reply by kahn on November 12, 2012 at 7:30am

Thanks Bryant!

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