Seterus / First Tennessee / First Horizon Metlife Short Sale Approval Letter - 21417 Humbolt Sq, Ashburn, VA
Sellers were forgiven $84,000 and don't have to pay the bank back.
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21417 Humbolt Sq, Ashburn, VA 20147- Semi Detached Home 4bd/3ba - $389,000
Seterus / First Tennessee / First Horizon / Metlife Short Sale Approval Letter
We continue to be 100% in completing short sales for our sellers. Its important you hire a short sale specialist with experience with your bank.
We just got this short sale approved in 97 days from contract. The seller was forgiven over 75k
For Short Sale FAQ's visit: http://www.my1245shortsale.com/
Quick Facts
Hardship: Upside Down on the mortgage, place was to small
List Date: 10/11/2011 Contract Date: 10/24/2011 Approval Date: 1/31/2012 Close Date: 2/24/2012
Result: Full deficiency waiver for our seller.
This was our first short sale where the 1st loan was not short, but the 2nd loan was. This means that the proceeds from the sale paid off the entire 1st loan. So we only had to negotiate with the 2nd loan. The 2nd loan actually got paid more than the typical 10% of the loan balance because there was so money left over after paying off the 1st loan. In the end our sellers only had to contribute $5,000 cash contribution to make $75,000 in mortgage lien be forgiven. Not a bad deal :) It took a little bit of back and forth with the 2nd loan until we came to these numbers but everyone was happy.
If you would like for us to refer you to a tax professional with short sale experience, conact us at Nate@1245team.com
If you have any questions concerning Seterus / First Tennessee / First Horizon Short Sales Contact Us. We have a proven record with Seterus / First Tennessee / First Horizon (Preforeclosure) Short Sales. We can help you with Seterus / First Tennessee / First Horizon Short Sale in Virginia & Maryland.
12937 Centre Park Circle, Herndon, VA 20171 - Bryson Condo 1bd/1ba - $160,000
BOA - Bank of America
We continue to be 100% in completing short sales for our sellers. Its important you hire a short sale specialist with experience with your bank.
We just got this short sale approved in 34 days from contract. The seller was forgiven over 100k http://www.my1245shortsale.com/
Quick Facts
Hardship: Upside Down on the mortgage, lost job
List Date: 12/23/2011 Contract Date: 12/26/2011 Approval Date: 1/30/2012 Close Date: 2/08/2012
Result: Full deficiency waiver for our seller.
This was our quickest and easiest BOA Bank of America short sale. It took only 34 days to get the approval letter and the seller was forgiven over 100k and does not have to pay anything back. Every BOA file is different. We have another one right now that is taking 80+ days but should be approved soon. But we have closed every BOA Bank of America short sale we have had!
If you would like a referral to a tax professional with short sale experience, contact us at Nate@1245team.com
If you have any questions concerning BOA - Bank of America Short Sales Contact Us. We have a proven record with BOA - Bank of America (Preforeclosure) Short Sales. We can help you with BOA - Bank of America Short Sale in Virginia & Maryland.
12163 Penderview Terrace, Fairfax, VA 22033 - Penderbrook Square 1bd/1ba - $146,000
Indymac - Service Link / SLS Specialized Loan Service
We continue to be 100% in completing short sales for our sellers. Its important you hire a short sale specialist with experience with your bank.
We just got this short sale approved in 115 days from contract. The seller was forgiven over 100k. For Short Sale FAQ's visit: http://www.my1245shortsale.com/
Quick Facts
Hardship: Upside Down on the mortgage, outgrew the condo
List Date: 10/06/2011 Contract Date: 10/10/2011 Approval Date: 1st loan - 1/17/2012 & 2nd loan 1/31/2012 Close Date: 2/08/2012
Result: Full deficiency waiver for our seller.
This one was one of our more difficult short sales. That only means it took it a little bit longer to get what we wanted. Indymacs servicer Service link kept wanting alot more money than the property was worth. We had to dispute the BPO with Fannie Mae. This took some time, but we finally got the number to where we needed it. SLS Specialized Loan Service intially wanted a larger payout to forgive the debt but after a few rounds of negotiations we got them to accept 10% of the loan balance. Our seller only had to give them a cash contribution of $2,240 because Indymac paid the rest.
If you have any questions concerning Indymac - Service Link / SLS Specialized Loan Service Short Sales Contact Us. We have a proven record with Indymac - Service Link / SLS Specialized Loan Service (Preforeclosure) Short Sales. We can help you with Indymac - Service Link / SLS Specialized Loan Service Short Sale in Virginia & Maryland.
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