Northern Virginia Short Sale Quiz: Question #9
It still amazes me that there are agents listing Short Sales in Northern Virginia that have no idea what is involved in the Short Sale process. I guess the thought is that if they sat through a Short Sale designation class, they are more than qualified to do a Short Sale. Either some of these courses aren't teaching reality or the students are buried in their cell phones and tablets the entire time, because some of the worst offenders I've met are agents with Short Sale designations, but I digress.
This series of questions was designed to combat common misconceptions by buyers and sellers....and yes...some real estate agents, surrounding Northern Virginia Short Sales. This is question #9 in a series of ten questions. If your are just joining the quiz, you can start backwards and when you are done here, go back to question #8. There will be links in each post to take you back to the beginning.
Here's our next short and sweet question:
At what point does the Short Sale Bank(s) sign the real estate purchase agreement (contract) in their acceptance of the offer?
A) Upon receipt of the contract
B) The same day they issue their approval letter
C) Never
Check back tomorrow for the answer.
For the final Northern Virginia Short Sale Quiz: Question #10, click the link provided.
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