Many approval letters are for a specific purchaser, so although we know the lender has approved the price, we still need to start all over with a new offer and complete short sale submission package.

IntroductionThe following submission is based on several factors contributing to my living a “Life of Riley” of sorts for the past 15 years.

A quick glance (and a few assumptions) at pricing indicates the possibilities for a 30 YR FXD @ 7.875% based upon a NIVA submission (based upon last Friday's rates).

Greg,I assume that the investor requires a FULL DOC submission for a 680---send me an PM and let me know who the investor is---I may already know them, but the more the better...

If you want to purchase lots of properties off the MLS then it might be a better option to get your RE license and that way you can handle your own showings and offer submission and get a cut of the commission as well. 

I have an 8-unit residential pending contract submission for 120k.

He also advised the process would take 5-6 months in Hackensack (includes preliminary submission, formal public hearing - and that agenda is backed up).

Ask the agent to clarify at the time of the submission to be sure you are putting forth your best offer.

For example:MLS #18017621 $352k Stated Rents of $1,100 & $750This home had an offer submission deadline and a considerable number of offers according to the MLS.

I hope it helps: https://www.biggerpockets.com/renewsblog/2016/01/06/selling-loan-submission/