Shortsale Question
Hello All.
I hava a question about the seller accepting an offer lower than what they owe to a bank.
My question is, why would a seller care how much we are willing to pay a lender for their house. The seller doesnt have the final answer anyway, the seller's lender does. Is it because the seller would have to pay the difference (or the discount) at a later time?
I noticed people commonly talk about this on the posts and on books that I have read. I guess i am confused.
Please help.
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