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

April 26, 2017Bank contract denies happens sale sales short

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

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If your Short Sale sales contract is denied, your purchase offer becomes void and their is no deal. But the bank will often hint to the listing agent a value you would like to net, and you can submit a new purchase offer or simply move on to another property.