OfflineWhat is the difference between an active short sale and an active short sale contingency?
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Active Short Sale Contingency
Posted on: Sat, 11/28/2009 - 21:23
What is the difference between an active short sale and an active short sale contingency?
In a basic active listing the home is for sale and open for offers. Where the listing is contingent that means that the listing has a contract on it and the buyer in this transaction has a home to sell before he can follow through with the purchase or fullfill buying the home.
I would assume that this would be the same in this senario, that you are asking about. Unless the realor is putting everyone on notice that this transaction is contingent upon lender approval - which if it is a short sale, it would be contingent upon lenders approval anyway. I hope that this information helps!
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Thanks for sharing the info. It's good to know.
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