Qualified Seller
The property seller must have an eligible financial hardship in order to qualify for a short sale.
Qualified Buyer
The buyer must be pre-approved and financially capable to complete the purchase. The transaction must be at arm’s length.
Qualified Purchase Offer
The buyer’s earnest purchase offer must be in line with the fair market value of the property.
Lender Approval
In a short sale transaction, the lender is the decision maker. The lenders decides where to proceed with approval of the short sale.