We just got another short sale approval yesterday for our contract on a Jacksonville Beach condo listing.  Indymac is the servicer for the loan.  Freddie Mac is the investor.

This one was under contract for around two and a half  months when the approval was delivered to us.  When we put the house on the market, the sellers already had a foreclosure sale date set.  We were able to quickly get a contract on the condo and get the foreclosure sale date postponed.  Even with a very large inventory level in Jacksonville Beach.

When the BPO came in really high on this, indicating a value of $75,000 over our contract price, we didn't give up.  We successfully challenged the BPO and the negotiator came back and ASKED US TO REDUCE THE CONTRACT PRICE BY $15,000!!!

Freddie Mac approved all of the closing costs except for the home warranty.  They are paying the condo association lien, the delinquent condo fees, and all of the closing costs from the proceeds of the sale.  The seller is not being required to contribute any funds.