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What does SHORT SALE APPROVED really mean?

Published on October 7, 2010 By Maryann Little VP Mitigation - Short Sales Massachusetts New Hampshire

An approval of a short sale actually comes in writing. So unless a previous buyer had come in, put an offer in, got an approval and walked before closing, chances are the SHORT SALE APPROVED on the listing you read just means that the listing price has been approved by the lender.

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