The SaraMana preForeclosure Assistance Team Has Obtained Another Short Sale Approval Letter, This Time From Wachovia Mortgage, a Division of Wells Fargo Bank, N.A.

The SaraMana preForeclosure Assistance Team Has Obtained Another Short Sale Approval Letter, This Time From Wachovia Mortgage, a Division of Wells Fargo Bank, N.A.

The SaraMana preForeclosure Assistance Team, a professional group of Short Sale agents and affiliated legal, mortgage, title, and Realtor ® professionals based in Sarasota, Bradenton, Venice, Lakewood Ranch, FL and with associated agents throughout the state of Florida, have obtained another Short Sale Approval Letter, this time from Wachovia Mortgage, a division of Wells Fargo Bank, N.A., in only "8-weeks from Contract to Approval."

All Short Sale Approval Letters from Wachovia Mortgage include the following language:

"Wachovia Mortgage, a division of Wells Fargo Bank, N.A., has agreed to accept a short sale of the loan referenced above in connection with the sale of the property securing the debt, contingent upon the following conditions with an "X" below being met . . ."

As a result of diligent SaraMana Team effort, Wachovia, to their great credit, agreed not to "X" the condition allowing them to, "pursue any deficiency in relation to this Short Sale . . ." The SaraMana preForeclosure Assistance Team, a team of expert professionals who specialize in Florida Short Sales, was able to effectively save another property owner from the longterm, overhanging debt that a deficiency judgement brings.

Many Florida mortgage balances currently exceed the fair market value of the underlying property. Homes with "negative equity" (mortgage balances higher than current market values) have become endemic throughout Florida. With the prices of Florida homes decreasing, and the interest rates on previous subprime loans increasing, many Florida home sellers who are unable to continue paying on their loan have no choice but to attempt a sale for less than the amount owed -- a Short Sale.

The SaraMana preForeclosure Assistance Team uses a comprehensive Florida Short Sale selling system to help pre-foreclosure sellers avoid foreclosure. Florida homeowners facing foreclosure can request a free, confidential, no obligation consultation from The SaraMana preForeclosure Assistance Team, a successful Florida Short Sale Agent Team based in Sarasota, Bradenton, Lakewood Ranch, and with Short Sale Agent affiliates throughout the State of Florida.

Contemplating a Short Sale isn't to be taken lightly, which is why it's important for property owners facing a Florida foreclosure to have a stable of experts like the SaraMana preForeclosure Assistance Team on their side. If you would like a free download of our eBook for Florida homeowners facing foreclosure, CLICK HERE.