Question by The One 4 Fun: When is the sales contract executable for a short sale?
The escrow company has received the short sale approval letter from the bank and has a copy of the signed sales agreement between the buyer and the seller. The listing agent has not sent the copy of the approval letter to the buyers agent yet. The escrow company got the letter yesterday from the bank so this is why i am asking when is it fully executable or does the buyers agent have to wait to get the letter from the listing agent?

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Answer by celtics=championship
h,mmm

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Short Sale Rush

Short Sale Rush – A How-to Guide for Nonperforming Assets, is a controversial book about the biggest Ponzi scheme in U.S. Housing. It was written by an expert, Marian Anthony, a former mortgage executive and founder of a nonprofit mortgage hotline. Anthony suggests that qualified buyers can take possession of abandoned homes, following the provisions in Section 702 of Barack Obama’s Helping Families Save Their Homes Act. Using a Bona Fide lease agreement (paying fair market rents), buyers can contribute rent capital to the bank that holds the paper. This works as a recovery mechanism for banks and default borrowers. Most important, it helps protect homeowners from further losses of home and community values. Many homes are intentional

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