Short Sale SellersCan the Buyer Contact the Short Selling Lender?
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Frustrated with the way your purchase of a short sale is happening? Can you do anything about it?
Unfortunately as the buyer, you will not be able to contact the bank to retrieve any information. The loss mitigation department of the short selling bank will not communicate with the buyer or the buyer’s agent. Only the seller’s agent, who has permission to speak on behalf of the seller, can speak to the bank.
If you are looking to purchase a short sale property, make sure to ask the owner if they’ve completed their hardship letter including the short sale package which is to be sent back to the lender for approval with the purchase offer.