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HAFA Short Sale with Select Portfolio Servicing Closed in Newark

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Real Estate Agent with Rosa Agency 9591451

HAFA Short Sale with Select Portfolio Servicing Closed in Newark

We're pleased to announce another successful Select Portfolio Servicing HAFA Short Sale has closed, this one located in Newark, NJ.

This 2-family home was in good condition and shoHAFA Short Sale SPSwed complete pride of ownership.  Featuring hardwood floors, an above ground pool in the rear yard, a finished basement and attic and separate utilities, it made for a great investment.

As this was a U.S. Treasury HAFA Short Sale, we completed the request for HAFA consideration form.  Both lien holders participate in HAFA, and the borrower was quickly given a HAFA Short Sale Agreement.  The Short Sale agreement clearly spelled out the net proceeds necessary to release the liens against the property.

We immediately moved to market the property at the indicated list price.  The pricing was fair and within a week we had multiple offers, several of which were cash.  Within two months, the sale was closed. The buyer was happy with the new investment property he bought for a fair price, and the seller was elated to be out from underneath his upside mortgage with SPS.  He even received a $3,000 Borrower Incentive fee at the closing.

Another SPS HAFA Short Sale in the books, and we hope to close more over the coming year.

NJ Short Sale Center

If you have a mortgage serviced by Select Portfolio Servicing, and would like to discussforeclosure alternatives, please
 contact me at (917) 518-7861 for a confidential consultation at no charge.

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Contact Manny Rosa for More Information

Manuel J. RosaManuel J. RosaSFR, e-PRO, BPOR, CHS, CDPE
Owner/Broker
Devore-Rosa, LLC T/A Rosa Agency
18-20 Bloomfield Ave.
Belleville, NJ 07109
RosaAgencyRealtors@Gmail.com
Office: 973.751.1000 x. 529
Cell: 917.518.7861
Fax: 973.842.0837
Check out my new Website --> MannyRosaHomes.Com
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Comments (1)

Brad MacKenzie
Brad MacKenzie - Duxbury, MA
Turning Houses into Homes on the South Shore

Excellent work.  Excellent results.  Congratulations.

Apr 23, 2013 04:33 AM