Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

21417 Humbolt Sq, Ashburn, VA 20147 - Shortsale approved loan
21417 Humbolt Sq, Ashburn, VA 20147- Semi Detached Home 4bd/3ba - $389,000
Seterus / First Tennessee / First Horizon / Metlife Short Sale Approval Letter
 
We continue to be 100% in completing short sales for our sellers. Its important you hire a short sale specialist with experience with your bank.
 
We just got this short sale approved in 97 days from contract. The seller was forgiven over 75k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/
 
Quick Facts
 
Hardship: Upside Down on the mortgage, place was to small
 
List Date: 10/11/2011
Contract Date: 10/24/2011
Approval Date: 1/31/2012
Close Date: 2/24/2012
 
Result: Full deficiency waiver for our seller.
 
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 ... more

__________________________________________________
Are you on The Rain? Grow Your Network!