Have you had an "approved" short sale deal sabotaged by the lender offering a principal reduction to your seller?
No (64%, 79 Votes)
Yes (36%, 44 Votes)
Total Voters: 123
We’ve heard recent reports of lenders pulling “approval” on short sales and offering the seller a principal reduction (just above the short sale price) and an interest rate (just above market rates). The lender ends up with a better deal than the short sale, but agents are losing out. Are your deals being scuttled by lender interference? Tell us your story!
is the writing staff comprised of legal editor Fred Crane, In-House Broker Consultant Fernando Nunez and writer-editors Connor P. Wallmark, Giang Hoang-Burdette, Jeffery Marino, Carrie B. Reyes, Sarah Cantino, Matthew Taylor and Matthew Shade.