Some Frequently Asked Questions about New Hampshire Short Sales

During a regular sale, a buyer will make an offer that is accepted by the seller and they go into contract and proceed to closing.  With a short sale, the seller must disclose this situation.  When the potential buyer makes an offer, it is communicated to the bank and the parties must then wait for the bank’s approval before moving forward.  This additional step and the involvement of a third-party, namely the lender, makes the process considerably longer.

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