If everything goes well, the lender will approve your short-sale offering.
While the lender has no obligation to do so, you may want to ask it to not report the seller’s adverse credit information to the credit reporting agencies. A short sale will affect the seller and his credit like any other judgment. You should get the lender to
Agree to accept payment in full and not to pursue a deficiency judgment. You may be able to help the seller in that way.
If everything goes well, the lender will approve your short-sale offering.
While the lender has no obligation to do so, you may want to ask it to not report the seller’s adverse credit information to the credit reporting agencies. A short sale will affect the seller and his credit like any other judgment. You should get the lender to
Agree to accept payment in full and not to pursue a deficiency judgment. You may be able to help the seller in that way.