Most letters specify that the lender will not pay for any repairs, meaning the buyer accepts the home in its current state.
While the letter is addressed to the seller, the terms directly impact the buyer's ability to close. Essential details often include: short sale approval letter buyer
A strict deadline by which the transaction must close (often 30 days from the letter's issuance). Most letters specify that the lender will not
The final purchase price the lender has agreed to accept. short sale approval letter buyer