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“Really?!?!”

Short Sale Approvals — Week of 8/6-8/10 Property (vacant land) purchased in 2005 for $88,000 Presented purchase contract to 1st (BOA) for $10,000 Short sale approved with full deficiency waiver Property purchased in 2005 for $475,000 Presented purchase contract to 1st (RCS) and 2nd (Compass Bank) for $202,000

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“And they will give you money even if you have defaulted on the loan?”

Short Sale Approvals — Week of 7/20-8/3 Property purchased in 2007 for $745,000 Presented purchase contract to 1st (Wells Fargo) and 2nd (Wells Fargo HELOC) for $430,000 Short sale approved under HAFA with full deficiency waiver from 1st and 2nd Seller received $3000 out of proceeds of sale for “relocation assistance” Property purchased in 2003 […]

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“Never thought it would happen…”

Short Sale Approvals — Week of 7/23- 7/27 Property purchased in 2007 for $2,800,000 Presented purchase contract to 1st (Citi) and 2nd (Chase) mortgagees for $750,000 Short sale approved with full deficiency waiver from both 1st and 2nd Property Purchased in 2005 for $890,000 Presented purchase contract to 1st (BOA) mortgagee for $475,000 Short sale […]

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