Short sale question

来源: 于 2010-10-30 07:46:26 [旧帖] [给我悄悄话] 本文已被阅读：次

Listing price: 100K
The owner owes the bank: $100K (one lender only)
offered price: 100K
Seller accepts the offered price

Assume there is no other lien holders and outstanding mortage insurace, will the bank disapprove the deal? On what ground?

If the bank counters and I respond, usually how long do I have to wait to get a response (After the long waiting time for the first response from the bank).

Thanks in advance for sharing your experience/expertise.