Short sale question

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.

所有跟帖： 

• Weird, why is this even a short-sale? -Conehead- ♂ (0 bytes) () 10/30/2010 postreply 09:43:28

• This can be a short sale. -jjj7- ♂ (104 bytes) () 10/30/2010 postreply 13:30:33

• bank approve or disapprove the deal is based on the market value -RE8888- ♂ (115 bytes) () 10/30/2010 postreply 14:25:56