The Motley Fool Discussion Boards
Personal Finances / Buying or Selling a Home
|Subject: Re: Here's what to expect...||Date: 10/8/2012 6:27 PM|
|Author: inparadise||Number: 124364 of 127947|
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."
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|