3909 Penderview Drive - 2bd/1ba -$155,000
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 100k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/
Quick Facts
Hardship: Upside Down on the mortgage, place was to small, going through a divorce
List Date: 07/21/2011
Approval Date: 2/29/2012
Close Date: 3/30/2012
Result: Full deficiency waiver for our seller.
This short sale was tricky and took longer than normal. First the place sat on the market for 3 months before we got a contract. This was because the condo was outdated and every other condo in the compolex was fully updated. So after dropping the price we finally got a buyer at $155,000. BOA uses Equator for their short sales and this process usually completes in 90 days. But our negotiator was terrible and grossly messed up our file and delayed it. We lost the first buyer but found another buyer right away and were able to close in 2 months. Total time from the first contract to approval was 5 months. So a little bit longer than normal. When we got the 2nd buyer I met with BOA executives at conference and had them escalate the file and get us a new negotiator ASAP. I was shocked, within 2 weeks we had the approval. Our sellers were forgiven over 100k and do not have to pay it 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 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.
See the Approval letter here
