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What happens if the bank accepts the Short Sale sales contract?

April 26, 2017accepts Bank contract happens sale sales short

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What happens if the bank accepts the Short Sale sales contract?

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If the Short Sale is accepted, the lien holder(s) will call the listing agent to confirm and send the listing agent a letter of acceptance of the mortgage payoff. The lien holder(s) will also usually require the closing be held no more than 30 days from the date of approval.