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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Drop a dime.... Posted by TheShortSalePro on March 20, 2002 at 1:46 PM In Reply to: Putting The Brakes On A Short Sale .. posted by Christian on March 18, 2002 at 9:09 PM The lender would rather be made whole than accept a loss. I'm sure that the Contact For Sale contained language to disclose the sale would be contient upon Mortgagee approval of terms of a short sale. The Seller can advise the Mortgagee she is now capable of curing the default. The Seller should request the mortgagee's official rejection to be in writing. Once the real estate brokers see that the deal has been killed, they'll lose interest. Th Seller should then seek an unconditional withdrawal of the listing agreement. The Seller better make sure that the Knight in Shining Armor is ready, willing, and able to perform. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : The lender would rather be made whole than accept a loss. : I'm sure that the Contact For Sale contained language to disclose : the sale would be contient upon Mortgagee approval of : terms of a short sale. The Seller can advise the Mortgagee : she is now capable of curing the default. The Seller should : request the mortgagee's official rejection to be in writing. : Once the real estate brokers see that the deal has been killed, : they'll lose interest. Th Seller should then seek an unconditional : withdrawal of the listing agreement. : The Seller better make sure that the Knight in Shining Armor is : ready, willing, and able to perform. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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