Have you had an "approved" short sale deal sabotaged by the lender offering a principal reduction to your seller?
- No (64%, 79 Votes)
- Yes (36%, 44 Votes)
Total Voters: 123
We’ve heard recent reports of lenders pulling “approval” on short sales and offering the seller a principal reduction (just above the short sale price) and an interest rate (just above market rates). The lender ends up with a better deal than the short sale, but agents are losing out. Are your deals being scuttled by lender interference? Tell us your story!