Question by : What is “underwriting” in the short sale process?
I put an offer on a short sale home. The sellers have submitted their proof of hardship and everything on their part. I was informed by my real estate agent that it has now moved to “underwriting.” What is that in real estate, and where is that in the short sale process?
Answer by Dale H
I would imagine that is where someone with the sellers lender is going to review your offer in light of the sellers circumstances to determine whether to accept, make a counter offer or reject your offer.
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