Jun
29

What is a closing negotiator on a short sale?

By
Nihala M asked:

I have been in the process of trying to buy a short sale property for about 7 months now. Finally I received news the bank actually accepted the short sale and the file has been assigned to a “closing negotiator.” What is a closing negotiator and what does this mean for me? Does this mean the bank was able to negotiate the second successfully and if so, will the bank ask me for more money? If they’ve already negotiated a price with the second is it legal for them to ask me for more money? Thanks for any help!!!

short sale

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