Medford Oregon Short Sale Approved and Closed!

Lenders: Countrywide (Bank of American); Key Bank

Sold For: $224,900

Amount Owed On Original Loans: $267,000

Hardship: Decline in income

Fabulous clients who had taken out a 2nd mortgage to help pay for their daughters education.  The home had been on the market for nearly 3 years prior to our listing the property.  NO OTHER AGENT had talked to them about doing a short sale on their Medford Oregon home!  The sellers found me through my online blog about Short Sales in Southern Oregon and in Medford Oregon.  They had tried a loan modification and were able to get one of the loans modified, but as happens with so many loan modifications, the payments still were too much as their income continued to decline.  We were able to promptly get an offer and get the short sale close in a timely manner.