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Investor Approval

Article ID: 3206 Print
Why is my acceptance or counter offer subject to Investor Approval?


Some banks actually service portfolios of loans made by other lenders or owned by other entities.

Some asset management firms only have authority to make decisions within certain guidelines set by the bank.

Depending on the agreements between them, final sale price decisions may have to be approved by an outside third-party. 

Usually this is a quick process but occasionally it can take several days to get a final approval.

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Views: 5555 Created on: Oct 19, 2010
Date updated: Oct 19, 2010
Posted in: Notifications

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