short sale already approved non-negotiable

[Behrooz K.]

I ran across a short sale. It reads the short sale is approved at $200k. Non-negotiable.

My understanding of the short sale process was that it is approved to a specific buyer? Does this mean someone else was trying to get the deal and it fell through and now they're trying to reassign it to another buyer?

[Shaun Weekes]

@Behrooz K.

No.  It just means that the bank has agreed on a price to sell the home at.  This process can sometimes take months so if you think 200K is a good price feel free to pounce on it.  

If you think it's too high go ahead and send an offer that's less.  Just know that if you give them an offer at 200K most likely the home is going to be yours if you can take it down!

I hope this helps and have a great day Sir.