Wachovia Bank recently unveiled this new program developed for homeowners holding loans with Wachovia, Wells Fargo and World Savings banks.
The “Fast Track” program offers many advantages as compared to a normal short sale or foreclosure, as follows:
- No income, employment or other financial documentation is required.
- You don’t have to be late on your mortgage payments.
- No hardship letter is required.
- You don’t have to apply for a loan modification.
- Once an offer to purchase is received, the approval process is guaranteed to be 10 days or less.
- There will be no deficiency judgement or promissory note required on 1st mortgages.
- If you have a 2nd mortgage, they will receive 10% or up to $10,000 without dispute from your lender.
- A “Cash for Cooperation” incentive is being offered to help homeowners with the expense of moving.
We are thankful to be amongst a handful of Real Estate agents in Central Florida who know of the program and have been personally trained by the Asset Recovery Manager at Wachovia/Wells Fargo.
Let our relationships and knowledge work for you!
For a CONFIDENTIAL review, please register here:
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