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
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Last edited by slow4dr; 06-15-2011 at 12:02 PM.
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