Short Sales are selling, getting approved by the banks and closing!  We just closed escrow on another Elk Grove Short Sale - 10128 Schuler Ranch Road, Elk Grove 95757.

Elk Grove short sale

 

Spacious 4 bedroom, 3 bathroom 2 story home.  formal living and dining; huge family room with upgraded tile flooring & fireplace, bonus room at front of home could be office, spacious kitchen, window coverings throughout are upgraded, covered stamped concrete patio, 3 car tandem garage & more!

We listed this home on January 4th for $249,900...had multiple offers on it within 30 days and then went to work with Wachovia  for approval of the short sale.  We received approval from Wachovia on April 17th.  Unfortunately, our buyer at that time had moved on to another home.  With an approved short sale from Wachovia, we received another offer almost immediately and went into escrow with a new buyer.  We were originally scheduled to close the escrow by 5/24 however the buyer's loan took a little bit longer, resulting in us having to get approval from Wachovia for an extension of closing.  We received the approval and closed escrow last Friday!

It's great to see that the banks seem to be starting to get it!  This seller's loan did not qualify for a loan modification, so consequently this was the best option for both the seller and the bank.  The home was in much better condition than most of the bank owned listings out there currently, so the buyer won too!

For more information on short sales, make sure to check out our Short Sale series -

Who is Eligible for a Short Sale?

Are There Any Tax Consequences to a Short Sale?

How Much will a Short Sale cost me?

Short Sales - how long does the process take?

Your monthly payments and a short sale

Short Sale terms to be familiar with

What can a short sale do for you?

  • Help preserve your credit standing
  • Allow you to sell your home with no out of pocket expenses
  • May help reduce tax liability
  • Help to releive your financial and emotional stress
  • Avoid potential foreclosure

If you are facing difficulties with your mortgage, you need to KNOW YOUR OPTIONS! Call Lori Mode today for a private no-obligation consultation at (916) 230-0371 or visit our website at www.ElkGroveShortSale.com.

 

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Lori Mode & Bruce Durham, Keller Williams Realty, Elk Grove

 

                www.ElkGroveShortSale.com

Lori Mode

Lori Mode and Bruce Durham, Keller Williams Realty - Elk Grove

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Lori Mode and Bruce Durham, Elk Grove agents

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About the author: The above Real Estate information was provided by Lori Mode.  Lori can be reached via email at Lori@Modeanddurham.com or by phone at 916-405-5737. Lori has helped people move in and out of Elk Grove and surrounding Sacramento areas for the last 20+ Years.

Thinking of selling your home? I have a passion for Real Estate and love to share my marketing expertise!

For Elk Grove and Sacramento Real Estate and home sales see FindaHomeinElkGrove.com.

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This post has been included in California Real Estate News Sacramento County, CA Real Estate News Elk Grove, CA Real Estate News
Post is included in group: California Short Sales, REO's, and Foreclosures
Post is included in group: Keller Williams 'Rainers
Post is included in group: Keller Williams Realty Elk Grove
Post is included in group: Posts to Localism
Post is included in group: Realtors®

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Lori Mode and Bruce Durham 916-230-0371 DRE License #00935148 and #00875356

Elk Grove, CA

More about me…

Keller Williams Realty - Elk Grove, CA Homes for Sale

Address: 9250 Laguna Springs Dr., Suite 100, Elk Grove, CA, 95758

Office Phone: (916) 405-5737

Cell Phone: (916) 230-0371

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DRE License #00935148

Lori Mode & Bruce Durham of Keller Williams Realty, Sacramento Real Estate including Elk Grove and surrounding areas, including home listings, home prices, community information, local statistics, foreclosures and short sales.

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