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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.
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 -
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.
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!
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.
If you ever have any questions, comments, suggestions, or anything else, please contact me using one of the methods below. Also be sure to engage in the conversations taking place within each post!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.