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Many lenders will not consider a short sale unless there is a signed contract submitted with the short sale package to the lender. If the lender is processing the short sale, I would assume that there is another contract submitted to the lender. Please be clear, the lender does NOT accept your offer. The lender only approves the sales price. Short Sale Offer: Am I Under Contract or Not? Posted on November 5, 2012 by admin. For the buyer, that means making a hefty deposit, scheduling any inspections right away, and agreeing to wait for the long term. For the seller, that includes marking the listing as being under contract. "Approved for short sale" means the bank has already determined that the homeowner qualifies for a short sale and has approved the request to sell the property at a reduced price. It is possible that an earlier buyer made an offer that was approved, but did not close the transaction. a seller may cancel the short sale contract because: The
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