Chase Mortgage Short Sale Approval Letter The Reseve Manassas Park

Chase Mortgage Short Sale Approval Letter The Reserve Manassas Park Real Estate Agent Virginia & Maryland

9720 Holmes Place, Manassas Park 20111 - 2bd/2ba with garage - $140,000
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. The seller was forgiven over 145k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, place was to small, paying more in mortgage then they would if they were to rent the same place.

List Date: 02/21/2012
Approval Date: 2/28/2012
Close Date: 5/30/2012

Result: Full deficiency waiver for our seller.

Another easy short sale with Chase. Not all are this easy but we got the approval letter for our sellers in less than 60 days. The sellers do not have to pay the bank back and were forgivin over 145k!!

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 Chase Mortgage Short Sales Contact Us. We have a proven record with Chase Mortgage(Preforeclosure) Short Sales. We can help you with Chase Mortgage Short Sale in Virginia & Maryland.






Bank of America BOA / Citi Short Sale Approval Letter in Fairfax, VA Penderbrook

Bank of America BOA Citi Mortgage Short Sale Approval Letter Penderbrook Oxford House Real Estate Agent Fairfax Virginia

12010 Ridge Knoll Dr, Fairfax, VA 22033 - 2bd/2ba - $220,000
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. The seller was forgiven over 85k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, place was to small, paying more in mortgage then they would if they were to rent the same place.

List Date: 02/21/2012
Approval Date: 2/28/2012
Close Date: 4/30/2012

Result: Full deficiency waiver for our seller.

This was an easy short sale with BOA and Citi :)  As you can see this took 2 months from contract to close!  that means we got the approval in 30 days which is really fast.  Typically our short sales are closing in 90 days but the seller was happy with 60!  The seller was forgiven over 85k and does not have to pay the bank back.

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 BOA Bank of America or Citi Mortgage Short Sales Contact Us. We have a proven record with BOA Bank of America, Citi Mortgage(Preforeclosure) Short Sales. We can help you with BOA Bank of America Citi Mortgage Short Sale in Virginia & Maryland.





2 more approval letters!

Just a quick update.  More info coming later on these two short sales. 

Our latest short sales were listed in late February and we got offers right away.   It then took less than 60 days to get the approval letter and close.

Both sellers were forgiven and do not have to pay the bank.

Banks we were working with were:   BOA/Citi  & Chase


VHDA FHA Short Sale Approval Letter Manassas, VA

VHDA FHA Short Sale Approval Letter Manassas Townhome Real Estate Agent Virginia & Maryland

7557 Helmsdale Place, Manassas, VA 20109 - Townhome - $190,000
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. The seller was forgiven over 45k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, divorce

List Date: 01/12/2012
Approval Date: 1/17/2012
Close Date: 3/30/2012

Result: Full deficiency waiver for our seller.

VHDA FHA Short sales can be started before you get a contract, which saves time. We had no issues with this short sale because it was a FHA short sale.  They actually paid our clients to do the short sale! They were forgiven over 45k

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 VHDA FHA Mortgage Short Sales Contact Us. We have a proven record with VHDA FHA Mortgage(Preforeclosure) Short Sales. We can help you with VHDA FHA Mortgage Short Sale in Virginia & Maryland.







Mortgage Forgiveness Debt Relief Act Expires in 2012

Mortgage Forgiveness Debt Relief Act Expires in 2012.  Short sales can take 2-8 months.  Most of ours are being completed in 90 days but a rare few are taking 6+ months.  This debit relief act will save you a lot of money and is something to really consider as to why you need to short sale now rather than later in the year.


Again, I am not a tax advisor, so please consult your tax advisor for better explanation.  

Two ways to avoid paying taxes on your deficiency that was waived:  

- If it was your primary residence - The Mortgage Forgiveness and Debt Relief Act and Cancellation expires in 2012

- Insolvency - Your liabilities are more than your assets 

Read more about these below

Do you have a BOA Bank of America Loan and are upside down? Good News!

BOA has a short sale program that is the best! Read info below and contact me if you have any questions.

  • Low to no documentation from the Seller.
  • Pre-approved pricing with aggressive price reductions.
  • $2,500 cash to the Seller at closing.
  • Full Waiver of Deficiency.
  • Can be an investment property.


It’s basically HAFA without all of the paperwork and time delays. I’ve done quite a few of these and have a few more on the works right now. One key point is that you want to be sure to go through the Co-op approval process prior to placing the property on the market.

It may take a couple of months on the front end to get approved for the Co-op and get a listing price but once you have these things the process is very straight forward.

  1. List the property at the approved price.
  2. Sell it.
  3. Upload the contract and HUD into the Equator system.
  4. Received the final approval. Usually within 15-30 days
  5. Close the transaction.


From Bank of America

Important information on a Bank of America Cooperative Short Sale

■ If you successfully complete a cooperative short sale, you will sell your home and will be required to vacate the property.
■ You are responsible for all maintenance and expenses on the property until it is sold.
■ Financial hardship and inability to afford the payments on the property are needed to qualify for a cooperative short sale.
■ The short sale must be an “arm’s length” transaction. An arm’s length transaction means that you cannot list the property with or sell it to anyone that you are related to or with whom you have a close personal or business relationship.
■ Bank of America, N.A. will use proceeds from the sale to pay off the balance of your loan, and will work together with your listing agent on your behalf to facilitate the sale process.
■ We may begin or continue the foreclosure process while we review your request. We will suspend any foreclosure sale date until the expiration date of the signed Acknowledgement of Interest or the date of closing of an approved short sale, whichever is later, as long as you continue to abide by the terms and conditions of the agreement.
■ If the cooperative short sale is unsuccessful, Bank of America may offer you the opportunity to participate in a deed-in-lieu of foreclosure program.
■ Once your short sale is completed, Bank of America will report to the major credit reporting bureaus that your loan was completed as a short sale.

Benefits of a successful Bank of America cooperative short sale

■ If the cooperative short sale is successful, Bank of America will pay you $2500 for moving, relocation, or rental expenses.
■ If the cooperative short sale is successful, Bank of America will not pursue the deficiency balance on your loan.
■ If the cooperative short sale is successful, Bank of America will not foreclose on your home.

So folks, if you have a mortgage with Bank of America and need to do a Virginia or Maryland Short Sale, I can help. I’ll be waiting to hear from you. Any questions?



BOA Bank of America Short Sale Testimonial Virginia Maryland Short Sale Agent Specialist

We short sold our clients condo with Bank of America BOA and the seller did not have to pay the bank back.  This approval letter came in 34 days! and she was forgiven over 100k.  This condo was in Herndon at the Bryson at Woodlands Park. If you have any questions about your Bank of America Short Sale contact nate@1245team.com 703-725-2929 for a free consultation.




Read our clients review on zillow below

http://www.zillow.com/profile/NateTheRealtor/Reviews/

"I had a condo that I could no longer afford. I filed bankruptcy back in 2009 so the condo had been sitting there since then, almost 3 years. I received a post card from Nate about doing a short sale and how they had been successful in my condo complex. I gave him a call. He was professional and was quick to get started. Any time I emailed him or called, he was quick to respond. The short sale went through in about 2 months from the day I contacted him. I have never been more impressed then I was with Nate and the 12:45 team who assisted him on the short sale. Everyone I talked to on the time, was professional and handled themselves with class. I would still be stuck with this condo if it wasn't for Nate. I would recommend him to anyone who is thinking of doing a short sale. Now I am burden free and I owe it all to Nate and the 12:45 team. Great Job Nate!"