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Negotiator asking for updated financials

Posted by kahn on November 12, 2012 at 5:53am in Short Sale Discussions

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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Replies

  • Bryant Tutas 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.

    • kahn > Bryant Tutas November 12, 2012 at 7:30am

      Thanks Bryant!

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