What is the name of your state (only U.S. law)? FL
I listed my home for shortsale, got 4 offers, Bank approved my shortsale and fogives deficiency.
But now, the buyer's bank is requesting a copy of the shortsale approval.
I am told by my real state agent I am in no obligation to share that information with the buyer and that there is a risk they will use that information to try to lower their offer.
Even the title agency politely denied to provide that information because it is my private information as the seller.
The title agency already notified the buyer that they are authorized to release the title for X amount, it is not the buyer business if I owe them deficiency or how much did I originally owed them.
Is this right, am I in obligation to share my shortsale approval letter with the buyer? The buyer is nowhere mentioned on my approval letter
I listed my home for shortsale, got 4 offers, Bank approved my shortsale and fogives deficiency.
But now, the buyer's bank is requesting a copy of the shortsale approval.
I am told by my real state agent I am in no obligation to share that information with the buyer and that there is a risk they will use that information to try to lower their offer.
Even the title agency politely denied to provide that information because it is my private information as the seller.
The title agency already notified the buyer that they are authorized to release the title for X amount, it is not the buyer business if I owe them deficiency or how much did I originally owed them.
Is this right, am I in obligation to share my shortsale approval letter with the buyer? The buyer is nowhere mentioned on my approval letter