What Does Active Short Sale Contingent Mean?
What Does Active Short Sale Contingent Mean?A reader asks: “In looking through short sale listings online, I have noticed that some of those listings say “active short sale contingent.” Does this mean that the bank has approved the short sale but nobody has made an offer yet? What does active short sale contingent mean?”Answer: You’re not alone with that question. Many real estate agents don’t know what active short sale contingent means, either. That’s because some agents avoid short sales like the plague and refuse to show those listings to their buyers. Multiple Listing Services and Active Short Sale Contingent Status MLS conglomerates around the country have adopted a variety of status terms to describe listings. Some of these systems don’t differentiate among short sale listings. I wouldn’t be surprised to find isolated
