We received another Bank of America Short Sale approval last month and were able to close on the file yesterday. Our sellers in this short sale had both faced a loss of income due to budget cuts within the school district they work for. The cut in pay along with an increase in expenses, put them in a situation that they could no longer afford their home.
We were able to get the short sale approved for them with a full release of any deficiency rights (in writting) and without them needing to bring in any funds to close or sign a promissory note. A copy of the short sale approval letter is posted here:
Bank of America Short Sale Approval Letter
Here is our clients' testimonial:
"We decided to short sale our townhome in October 2009. We were referred to Shannon & Glenn by another couple that was going thru the same thing and had success with them. From the very beginning they were upfront and honest about the whole process as well as throughout the process. They did all of the leg work on making sure that our short sale went thru, even when our first buyer backed out and we had to get another one. They didn't waste time, we had a new buyer within two weeks. They did their jobs throughly making sure that the buyer would be accepted by the bank. I can't even begin to express how much we appreciated all of the work they did in dealing with BofA. "
If you have are facing a situation that you are no longer able to afford your home and need to review your options, please do not hesitate to contact our team. We specialize in short sales in San Diego, Riverside and Orange County.
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