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silicon valley short sales: My short sale listing get approved today! - 05/05/09 01:30 AM
Lessons has learned from the short sales My short sale listing is approved today after 4 months waiting. I learned the following lessons:
1). Authorization letter from the seller: After you received an offer get the seller to write an authorization letter and sent it to the lenders. Yes! All lenders. No one will take to you.
2).The bank will request some information get them all ready and fax to them once please. The bank usually needs : accepted contract, hardship letter from the seller, 2 months pay stubs, 2 months all bank statement, HUD statement.
3). The Bank will will … (3 comments)

silicon valley short sales: All my buyer's money in escrow 5 days but it cannot close! - 04/30/09 01:46 AM
My buyer bought a Silicon Valley short sale home on January 29,2009. After we agreed to pay $20,000 more than asking price. The bank approved our offer. However, the bank requested the seller to bring  $2000 at the escrow. The seller has no money so he started ignoring the listing agent. You can tell the bank never get any money from the seller. Last Tuesday my buyer wired all cash to the escrow account . We are ready to close on last Friday. The title surprised with the news that the seller has a 3rd lien from the bail bond company … (5 comments)

 
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Grace Keng,CRS, CDPE (408) 799-8887

Cupertino, CA

More about me…

Keller Williams Realty Cupertino

Address: 20230 Stevens Creek Blvd #E, Cupertino, CA, 95014

Office Phone: (408) 799-8887

Cell Phone: (408) 799-8887

Email Me

Grace Keng on Zillow

Silicon Valley Real Estate Guide

The consumer guides for Silicon Valley real estate buyers and sellers.





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