That right there is the difference between an approved short sale and one that isn't. On a non approved short sale the listing agent is using comps to set a price and get some offers. You will see non-approved short sale prices drop quickly and often until they get an offer. Then the agent will take the offer to the leinholder/leinholders to negotiate what they are actually willing to sell the property for.
-J
__________________
'04 IS300 LS3/TR6060 swap in process
'89 Plymouth Colt GT - 411WHP, 2490lbs & 32mpg
'06 Magnum SRT8 - AFE S2, 3" Flowmaster catback, Diablo Predator (KIA by a drunk driver 10-25-13)
63 Nova 'Low Budget G-Machine' *SOLD*
Last edited by slow4dr; 06-15-2011 at 12:02 PM.
|