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Short Sale

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Sd1234
Established Member
‎05-09-2012 03:57 PM
‎05-09-2012 03:57 PM

Short Sale

Just received an email stating that the BPO was completed on 4/30 and they are working on the net funds. anyone know what this means? Do you guys think it will take much longer to get a decision? Thanks!
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IOBA
Senior Contributor
‎05-10-2012 06:30 AM
‎05-10-2012 06:30 AM

Re: Short Sale

That is great!   The BPO means they are calculating the price they will sell it to you!   Once they present it to you, if you agree, you are on the road to closing!  Congratulations!

 

 

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Sd1234
Established Member
‎05-10-2012 03:21 PM
‎05-10-2012 03:21 PM

Re: Short Sale

Awesome! Thank you for responding!
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LondonMassey
Frequent Contributor
‎05-10-2012 05:16 PM
‎05-10-2012 05:16 PM

Re: Short Sale

My BPO was done the first part of April... I'm still waiting on the bank to agree in writing to the sale.  They approved the price soon after the BPO, just not the sale, yet... been under contract since the March 9th.

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