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    neva40213's Avatar
    neva40213 Posts: 7, Reputation: 1
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    #1

    Nov 30, 2007, 11:18 AM
    Short sale
    I am in the process of trying to do a short sale and have a offer pending bank approval what is the options if it is not approved and is a short sale terrible on a credit report
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Nov 30, 2007, 01:48 PM
    There is no options if the short sale is not approved,

    You can ask them to do a deed in lieu of foreclosure. But if they don't do that, you just wait for them to take you to court for a foreclousure.

    A short sale is better than any other option past that point.
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