short sale sacramento: Renegotiating the Price of a Short Sale - After Appraisal
- 05/20/14 06:54 AM
Here's my latest SOLD short sale in Sacramento. The bank, in this case Wells Fargo, wanted $175,000 and my clients accepted an offer at $175,000. The short sale approval was issued, the house was now pending sale, and the buyers started their inspections. All was going well until the appraisal. The appraisal came back with a value of $168,000. Now what? The bank was originally NOT willing to take less for this home than $175,000. Now the buyer's lender will NOT loan them all the money they need to buy at that price. Time to renegotiate the short sale! … (3 comments)
I've worked with Wells Fargo more than 100 times selling both short sales and foreclosures. I find them one of the more pleasurable banks to work with. They have streamlined their short sale process in the last year, making their short sale approvals come a lot faster. Here is a Wells Fargo short sale in Sacramento that I just got approved. Not only is it approved but I negotiated the removal of a deficiency judgment and the seller will not have to sign a promissory note or bring money to escrow.
This Wells Fargo … (2 comments)
short sale sacramento: Sacramento Short Sale Approved in 35 Days! Woodside Condos- Sacramento
- 12/07/10 04:43 AM
Sacramento Short Sale Approved in 35 Days-Woodside Condos-Sacramento Another Sacramento short sale approved. This short sale is a condo in the Woodside complex in Sacramento, 95825. It took just 35 days to obtain this short sale approval from Bank of America. Short sales in Sacramento can usually take 3-6 months. Because of the timely effort from the seller and my experience in short sale negotiation, this Sacramento short sale approval happened quickly! 892 Woodside Ln #9, Sacramento, CA 95825 1 Bedroom/1 Bath-682 square feet Completely remodeled in 2007 Laminate wood floors/Newer carpet Newer paint & light fixtures Newer appliances & custom backsplash … (0 comments)
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