http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/ Thu, 17 May 2012 21:32:09 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/comment-page-1/#comment-2317 ROCKY Sun, 08 Nov 2009 11:05:19 +0000 http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/#comment-2317 The property that is being sold is pre-forclosure/forclosure and the property is probably being marketed at a lower price than what is owed, therefore the bank or lender of the Seller has to approve of the offer.<a href="http://www.ihearclear.com/oticon-hearing-aids.htm"> ROCKY</a> The property that is being sold is pre-forclosure/forclosure and the property is probably being marketed at a lower price than what is owed, therefore the bank or lender of the Seller has to approve of the offer. ROCKY

]]> http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/comment-page-1/#comment-2316 Vivian B Thu, 05 Nov 2009 18:57:15 +0000 http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/#comment-2316 Subject to bank approval means just what it says. The bank has to approve you for a loan before you can make a bid and have it accepted. You must be pre-approved for the loan amount.<a href="http://www.resumeminers.com/Networking.htm"> Vivian B</a> Subject to bank approval means just what it says. The bank has to approve you for a loan before you can make a bid and have it accepted. You must be pre-approved for the loan amount. Vivian B

]]> http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/comment-page-1/#comment-2315 yourmtgbanker Mon, 02 Nov 2009 09:00:18 +0000 http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/#comment-2315 This means that the sales contract is conditional on the buyer being able to obtain a loan. Most realtors ask for a preapproval letter to go with the file and most contracts give a time frame for the buyer to provide evidence that they can obtain financing. There are also boxes on the contract to indicate what type of loan they are getting.<a href="http://www.bestdrumshop.com/marching-percussion-84983"> yourmtgbanker</a> This means that the sales contract is conditional on the buyer being able to obtain a loan. Most realtors ask for a preapproval letter to go with the file and most contracts give a time frame for the buyer to provide evidence that they can obtain financing. There are also boxes on the contract to indicate what type of loan they are getting. yourmtgbanker

]]> http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/comment-page-1/#comment-2314 maplewoodjoe Sun, 01 Nov 2009 10:57:19 +0000 http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/#comment-2314 It is absolutely for the buyers interest. Subject to bank approval is just that, the offer to purchase is subject to the buyer being able to obtain a bank loan. You are right, some people do pay cash, and that statement would not apply to them, but most require a mortgage. So the purchase would be subject to bank approval.<a href="http://www.healthstorebargains.com/srch/srch.php?q=Kidney"> maplewoodjoe</a> It is absolutely for the buyers interest. Subject to bank approval is just that, the offer to purchase is subject to the buyer being able to obtain a bank loan. You are right, some people do pay cash, and that statement would not apply to them, but most require a mortgage. So the purchase would be subject to bank approval. maplewoodjoe

]]> http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/comment-page-1/#comment-2313 venicefloridarealtor Fri, 30 Oct 2009 23:57:38 +0000 http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/#comment-2313 This means that the property is either pre-foreclosure short sale, or already foreclosed upon - and the lender (bank) holding the unpaid mortgage needs to approve the buyer's offer.<a href="http://www.ihearclear.com/siemens-digital-hearing-aids.htm"> venicefloridarealtor</a> This means that the property is either pre-foreclosure short sale, or already foreclosed upon - and the lender (bank) holding the unpaid mortgage needs to approve the buyer’s offer. venicefloridarealtor

]]> http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/comment-page-1/#comment-2312 bartliddy Thu, 29 Oct 2009 00:56:29 +0000 http://www.secretfinance.com/blog/what-does-subject-to-bank-approval-mean-in-a-real-estate-listing/#comment-2312 Bank approval is for the buyer. Not everyone carries $250,000 in their pocket. Even if they did it would be stupid not to get a mortgage so they can take a tax deduction.<a href="http://www.telescopebuyingguide.com/hubble-space-telescope-picture.htm"> bartliddy</a> Bank approval is for the buyer. Not everyone carries $250,000 in their pocket. Even if they did it would be stupid not to get a mortgage so they can take a tax deduction. bartliddy

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