"Sale approval" refers to the process of getting permission or authorization to go ahead with a purchase. It ensures that the sale has been reviewed and authorized by the appropriate person or entity. Full definition
Some banks don't issue the final short sale approval letter until closing. (thebalance.com)
That's why it's very important for sellers to ask a qualified real estate lawyer to review the short sale approval letter before accepting its terms and conditions. (thebalance.com)
For both these reasons, it's critical to start the short sale approval process before the first offer comes in. (realtormag.realtor.org)