Short Sale....Sales Agreement

scarywoody profile photo

My question is how do you buy a house using a short sale. Does the owner sign an agreement to give possesion of the house to the investor pending the bank works with them? I guess my question is....if you short sale a loan what guarantees the seller to sell you the house? If they signa contract is a proce put on it..do the owners get to know how much you are paying for the house?

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