Contract??
When you sign the contract to be contingent upon a short sale with the homeowner is the offer for the amount owed or the amount expected after a short sale is completed?
Thanks
When you sign the contract to be contingent upon a short sale with the homeowner is the offer for the amount owed or the amount expected after a short sale is completed?
Thanks
The indicated purchase price is what you are willing to pay for the property. The amount the Seller owes is immaterial to your agreement to purchase.
If the sale is subject to, and contingent upon mortgagee's short sale approval... include that language in your Agreement.
The total agreement between the Buyer and Seller should be articulated in your Contract for Sale.
If the sale is subject to, and contingent upon mortgagee's short sale approval... include that language in your Agreement.
Thanks for the heads up Shortsalepro