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Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/the-property-is-usually-the-problem-we-received-30307474.aspx

Subject:  Re: Here's what to expect... Date:  10/8/2012  6:27 PM
Author:  inparadise Number:  124364 of 127801

The property is usually the problem. We received lender approval for the short sale quickly, but the file then had to be sent to the investor for its approval.
...
Since you got the lender approval quickly, I'm not understanding why you are using this example in this thread, that you started with:


Or in this case is the "lender approval" simply the current lender approving the price on the short sale, and perhaps the investor is the one lending the money for the purchase? That is how I interpreted it anyway. Seems like mortgage brokers often refer to those putting up the money to lend as "investors."

IP
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