by Otto Yamamoto

Question by David G: What does “Terms of transaction subject to Seller’s secured creditor(s) approval.” Mean?
When looking at home listings, Ive seen this from time to time. What does “Terms of transaction subject to Seller’s secured creditor(s) approval.” mean when part of a home description?
Thanks for your quick answers! So if I understand this right, if I take an interest in the property, the listing price may not be accepted by the sellers existing mortgage holder?

Best answer:

Answer by jimbnimble
It usually means its a foreclosure

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