Greentree Mortgage Fairfax Ridge Short Sale Approved! Deficiency waived 2bd condo Aristotle Drive

We are confident that if we decide to work with you we will get your short sale approved and the deficiency waived!  We have 100% success and helped over 150 short sellers.

If you have a loan with Greentree or a condo at Fairfax Ridge or in Northern Virginia, let us help you do a short sale so you do not waste away your life savings on a home upside down. I was in the same situation you are 2 years ago when I had to short sale my home. I know exactly what you are going through and would be honored to have a free consultation with you.  Call Nate at 571-477-1245

Greentree held the loans on this short sale. Read the approval letters below. Real Estate Agent Short Sale Specialist for Virginia & Maryland

11317 Aristotle Drive , FAIRFAX VA 22033 - 1bd/1ba - $255,000
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 50k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, family expanded and condo was too small

Ratified Contract: 1/2/2014
Final Approval Date: 12/21/2013
Close Date: 1/16/2014

Result: Full deficiency waiver for seller. Read the approval letters below.

This short sale started in August. We lost the first buyer because they didn't want to wait any longer.  We got the approval and had to substitute a new buyer quickly in time to close Jan 16 2014.  Greentree was pretty easy to work with on this one overall after some hard negotiations to get them to waive the deficiency.

If you would like for us to refer you to a tax professional with short sale experience, contact us at Nate@1245team.com

If you have any questions concerning Greentree Mortgage Contact Us. We have a proven record with Greentree Mortgage. We can help you with Greentree Mortgage in Virginia & Maryland.

 

 

 


 

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How Do I Know If I Qualify For A Short Sale in Virginia or Maryland?

How Do I Know If I Qualify For A Short Sale in Virginia or Maryland?

For Virginia or Maryland homeowners to qualify for a short sale, they must have the following circumstances:

• Financial Hardship – There is a situation causing you to have trouble affording your mortgage.

• Monthly Income Shortfall – In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.

• Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

*Most of the clients we work with could very well keep their home, but they decide to make a business decision and cut their losses.

Email me today for a free consultation natejohnson@1245team.com

This seems simple enough, but it is a complicated process that takes the expertise of qualified short sale professionals. I am a Virginia & Maryland certified short sale specialist and am ready to identify all possible options and assist in the quick execution of your short sale transaction.

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BOA Bank of America & M&T Bank Short Sale Approval Letter Deficiency waived Fairfax, VA Penderbrook Square Condo

If you have a condo at Penderbrook Square or Northern Virginia, let us help you do a short sale so you do not waste away your life savings on a home upside down. I was in the same situation you are 2 years ago when I had to short sale my home. I know exactly what you are going through and would be honored to have a free consultation with you.  Call Nate at 703-725-2929

M&T Bank and Bank of America BOA were the loans on this short sale. Read the approval letters below. Real Estate Agent Short Sale Specialist for Virginia & Maryland

3904 PENDERVIEW DR 707 FAIRFAX VA 22033 - 1bd/1ba - $145,000
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 75k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, relocated for work out of state

Ratified Contract: 2/27/2013
Final Approval Date: 4/24/2013
Close Date: 5/17/2013

Result: Full deficiency waiver for seller. Read the approval letters below.

This short sale went rather smoothly compared to most of ours.  We had a slight problem with the appraisal but came to terms with the buyer at $145,000.  Our seller was forgiven the entire deficiency and did not have to pay the bank any money at all!

If you would like for us to refer you to a tax professional with short sale experience, contact us at Nate@1245team.com

If you have any questions concerning M&T Bank or BOA Bank of America Contact Us. We have a proven record with M&T Bank or BOA Bank of America. We can help you with M&T Bank or BOA Bank of America in Virginia & Maryland.

 

 

 

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Savoy Park Short Sale Ocwen Loan Servicing Falls Church Condo Approval Letter

If you have a condo at Savoy Park in Falls Church or Northern Virginia, let us help you do a short sale so you do not waste away your life savings on a home upside down.

Ocwen Loan Servicing LLC was the loan on this short sale. Real Estate Agent Short Sale Specialist for Virginia & Maryland

5563 Seminary Road #115 Falls Church, VA 22041- 1bd/1ba - $180,000
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 105k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage

Ratified Contract: 12/30/2012
Final Approval Date: 2/27/2013
Close Date: 3/29/2013

Result: Full deficiency waiver for seller.

This was a rather quick short sale.  The bank came back and wanted more money for the property but we negotiated a fair price with the bank and the buyer and everyone came to terms.  The Ocwen Loan Servicing is also forgiving the sellers entire mortgage!

If you would like for us to refer you to a tax professional with short sale experience, contact us at Nate@1245team.com

If you have any questions concerning Ocwen Loan Servicing LLC  Contact Us. We have a proven record with Nationstar Mortgage and Greentree Short Sales. We can help you withNationstar Mortgage and Greentreein Virginia & Maryland.

 

 

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21 Days! to get this Wells Fargo Short Sale Approved in Fairfax, VA

We got this short sale approved with Wells Fargo in 21 days!!  We are closing the first week of Feb.

More info to come on this but our client was forgiven over 100k and didnt have to pay the bank back anything!!!  This was an investment condo that was no longer an investment.

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Great News! Mortgage Debt Relief Act Extended!

Congress approved the other day the extension of the Mortgage Debt Relief Act until 2014.  This is awesome news for those homeowners who are upside down on their home and thinking about doing a short sale.

In a nut shell,  the government is encouraging you to do a short sale. They are saying you do not have to pay taxes on the amount that is forgiven, if its your primary residence.  If your home is not your primary residence there are other ways you do not have to pay taxes either.

For more information on whether or not you qualify for a short sale email me at nate@1245team.com or call me 703-725-2929

I look forward to chatting with you about your options.

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Nationstar & Greentree Short Sale Fairfax Ridge Approval Letter Specialist

If you have a condo at Fairfax Ridge or Northern Virginia, let us help you do a short sale so you do not waste away your life savings on a home upside down.

Nationstar Mortgage and Greentree were the loans on this short sale. Real Estate Agent Short Sale Specialist for Virginia & Maryland

11352 Aristotle Drive, Fairfax, VA 22030- 2bd/2ba with garage - $250,000
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 105k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, going through a divorce.

Ratified Contract: 08/29/2012 
Final Approval Date: 10/09/2012
Close Date: 11/02/2012

Result: Full deficiency waiver for our seller.
We listed this property in June and got a contract quickly.  But Nationstarts BPO (appraisal) came in higher than our first buyer wanted to pay.  Meaning the bank thought the home was worth more than our offer.  The buyer walked and we quickly got a new buyer the end of August.  We got final approval on October 9th and closed November 2.  In all, the entire process took a little more than 4 months.

If you would like for us to refer you to a tax professional with short sale experience, contact us at Nate@1245team.com

If you have any questions concerning Nationstar Mortgage and Greentree Contact Us. We have a proven record with Nationstar Mortgage and Greentree Short Sales. We can help you withNationstar Mortgage and Greentreein Virginia & Maryland.

 

 

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Mortgage Debit Relief Act Extension? Who Cares

I have homeowners calling me a lot lately about not wanting to do a short sale because of the Mortgage Debt Relief Act expiring at the end of this year.  So I wanted to let everyone else know what I am telling them and why most do not have to worry about this debt act expiring, if it does.  Just a reminder, this is how I did not have to pay taxes on my short sale. Its called Insolvency.

So lets say the Debt Act is not extended, there’s another significant exception to a homeowner’s obligation to pay taxes upon a deficiency waiver – insolvency. If you’re insolvent, as defined by IRS Code, then you have no tax liability on any deficiency waiver. What does it mean to be “insolvent”? I’m no tax expert (and anyone in this situation should seek advice from an accountant). However, it’s simpler than it sounds – you’re insolvent when your total debts exceed the total fair market value of all of your assets. Yes, “assets” includes everything you own. Most homeowners don’t have enough assets, so they’ll fit the bill. Just think about it. Using my example, above, if your house is worth $175,000 and you owe $300,000 and you’re decide to do a short sale, you’d have to have at least $125,000 in other assets – without any other debts – not to be insolvent.

So if you have been considering doing a short sale, but waiting until this Debt Act is extended, lets chat if you think you will qualify for insolvency.

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Another Short Sale closed with the 12:45 Team in Alexandria & Fairfax Virginia

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