Keep Austin Weird Homes, Austin, TX short sale Agents closed another Austin Short Sale, saving the Texas Homeowner from Foreclosure.
Keep Austin Weird Homes, an Austin, TX Short Sale Specialist Team, known for their Austin Real Estate experience in Short Sales, has just closed another Short Sale in Texas.
The property, located on MARSHALL STREET in WILDHORSE CREEK, in Elgin, TX was listed with Rodney Campbell of Keep Austin Weird Homes with Keller Williams Realty Southwest Austin.
The process was not easy, but with strong negotiating skills, tenacious problem solving, and a comprehensive marketing process, Campbell achieved the difficult approval needed to close the home. The ELGIN home took a total of 115 days from contract to close. Although the banks are working on their timelines and speeding up the short sale process, Campbell says this is a common length of time for a short sale to close.
This was a Chase FHA short sale in Texas and based on FHA guidelines, no deficiency will be pursued against the seller. The original list price was $79,500 and it closed at $75,500. Keep Austin Weird Homes was even able to negotiate with the bank to pay $2,000 in closing costs to the FHA buyer and $750 in moving costs to the seller!
"There are no promises or guarantees in a Texas short sale as to whether the lender(s) will approve the short sale or forgive the debt, but Short Sales offer an alternative to the damaging effects of a Texas foreclosure" says Theresa Bastian, listing partner with Keep Austin Weird Homes. "A short sale is a complicated process for all parties involved. There are more details involved than what the average agent or homeowner is aware of. Make sure to consult a Texas Short Sale Specialist with a proven history of success with short sales like Keep Austin Weird Homes.”
SHORT SALES are an alternative to a foreclosure. When the borrower can no longer make the mortgage payments as agreed, he or she is faced with many decisions. One is to allow the lender to foreclose. Another is to get the lender to agree to accept a payoff of less than the balance owing on the loan. The entire team at Keep Austin Weird Homes has earned the Certified Distressed Property Specialist Designation in order to successfully work with homeowners facing short sales.
Homeowners who are facing Texas foreclosure can request that Keep Austin Weird Homes consult with them about their needs. CALL 512-297-3442 FOR CONFIDENTIAL SHORT SALE HELP NOW!
FROM THE CHASE WEBSITE:
Chase - Know Your Options
No matter what your individual situation is, you may have multiple options. Whether your want to stay in your home or sell it, we may be able to help.
You do have options
Here's a quick look at several of the options available. We'll work with you individually to see which might work for you.
Repayment Plan: if you've experienced a temporary reduction in income or financial hardship, but are getting your finances back in order, this option lets you pay off the delinquency over a period of time by making your monthly payment plus a portion of the delinquent amount, each month.
Loan Modification: Chase has recently enhanced and expanded its Modification Programs to include a wide array of hardship situations like layoffs, job loss or short-term income reductions, and permanent hardships like death of a spouse, disability, divorce, or severe medical situations. With these newly expanded and enhanced programs, we may be able to modify or change the term of your loan, the interest rate, and in some cases, principal balance, to reduce the monthly payment to an amount you can afford.
Short Refinance: other residential lenders in your area may be able to help you obtain a third-party loan to payoff your loan with us for less than the full amount owed and give you a fresh start.
Partial Claims-for FHA Loans Only: Chase may be able to work with you to obtain a one-time payment from the FHA Insurance fund to bring your mortgage current.
Pre-Foreclosure Sale (Short Sale): if you believe that you will continue to have trouble paying your mortgage, selling your property now may be your best choice. If so, Chase may accept less than the amount we are owed. Plus, you can control the timing and terms under which you move.
Deed-in-lieu of Foreclosure: essentially a transfer of property to the lender for possible forgiveness of the entire debt. The advantages are that Chase may waive any amount you still owe if the property is subsequently sold for a loss, and you avoid having a completed foreclosure in your credit history. Although a deed in lieu may be noted on your credit bureau record.