Seterus / First Tennessee / First Horizon Metlife Short Sale Approval Letter - 21417 Humbolt Sq, Ashburn, VA
We got this short sale approved in 97 days from contract and the seller was forgiven over $75,000.
This was our first short sale where the 1st loan was not short, but the 2nd loan was. This means that the proceeds from the sale paid off the entire 1st loan. So we only had to negotiate with the 2nd loan. The 2nd loan actually got paid more than the typical 10% of the loan balance because there was so money left over after paying off the 1st loan. In the end our sellers only had to contribute $5,000 cash contribution to make $75,000 in mortgage lien be forgiven. Not a bad deal :) It took a little bit of back and forth with the 2nd loan until we came to these numbers but everyone was happy.
If you have any questions about short sales contact me at 703-725-2929 or email Nate@1245team.com and visit our website at www.my1245shortsale.com If you would like for us to refer you to a tax professional with short sale experience, conact us.
If you have any questions concerning Seterus / First Tennessee / First Horizon Short Sales Contact Us. We have a proven record with Seterus / First Tennessee / First Horizon (Preforeclosure) Short Sales. We can help you with Seterus / First Tennessee / First Horizon Short Sale in Virginia & Maryland.
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