SFR Practice Questions - Short Sales & Foreclosure Resource Exam

Which item is NOT typically required in a short sale lender approval package?

A signed purchase contract from a qualified buyer The seller's hardship letter and recent financial statements A broker price opinion (BPO) or appraisal commissioned by the lender A signed quitclaim deed conveying the property to the buyer

Correct Answer:

A signed quitclaim deed conveying the property to the buyer

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