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Updated almost 15 years ago,
Approvals that fell through
For the negotiators and short sale investors. I'm looking for a number between 0 and 100%.
Of all the short sales that you received approval on, whether it was an A-B to B-C, or normal transaction, how many did you not close as a result of the bank after you got the approval letter?
Meaning you received the approval letter, you are driving to the closing table, and the bank screwed something?
Same question goes for the homeowner. How many times did you receive an approval letter and then the homeowner balked?
I'm just doing some data research. If you want to you can provide a total number or a percentage is fine.
Thanks for the help.