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Do you have to have a buyer in order to do a short sale?

In: Foreclosure [Edit categories]

Answer:

You would eventually need to have a buyer in order to complete a short sale otherwise you would be applying for a deed in lieu.
Your Bank/lender however will start the short sale process without a buyer, in some cases approve a purchase price range so that you have an idea what you need to be selling you home for.

visit www.whatisashortsale.org to learn more about how to short sale your home

First answer by Aatitleco. Last edit by Aatitleco. Contributor trust: 1 [recommend contributor ]. Question popularity: 2 [recommend question].

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