PENDING SHORT LENDER APPROVAL

By
Real Estate Agent with Keller Williams

Placer County/ and Metrolist

now has a new status.....

Pending Short Lender Approval (PSLA)

 
MetroList has introduced a new Status called “Pending Short Lender Approval.” These are offers that have been accepted by seller only and no additional offers being sought while awaiting lender approval.

Why the change
The current status Active Short Contingent (ASC) is both an active status and a pending status. Subscribers and consumers were frustrated when listings in the ASC status were not accepting additional offers while awaiting lender approval of an offer. Please review the FAQ to answer more of your questions.

 

This is great news for buyers on the internet searching for homes only to be disappointed

when the property is pending.

For Placer County short sale information contact my team:

Shannon Coe Realtor #01489731

Keller Williams Roseville

925-997-5758

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Lori Bowers
La Quinta, CA
The Lori Bowers Group

I think this is great. People in our area are so confused by our status where pending short sales go under -contingent back up offers

Aug 04, 2012 06:15 AM #1
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Shannon Coe

916-597-3818, Lincoln, Rocklin, Loomis, Roseville
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