Short Sale Listings with Bank Approved Price...These are listings where the seller has an outstanding mortgage amount higher than the value of the anticipated net proceeds from the sale of that property. The mortgage lender bank has qualified the seller/borrower for the Short Sale transaction, and has agreed to accept the net proceeds from the sale (which is less than what is owed)as satisfaction of the mortgage. They have also indicated to seller or seller's representative the selling price they will accept. Bank Approved Short Sale transactions can close fairly quickly, unlike Short Sale listings with no prior bank participation, which can go on indefinitely with no resolution. On average, Short Sales close at a 10 to 15% discount to the market. Contact the MeyerTeam for your private showings of Bank Approved Short Sale listings.