Wells Fargo Short Sale Closed - Springfield Mo Short Sales
Starting out 339 days ago, as a traditional sale, this home was built in 2004. with 4 bedrooms, 2 baths and a 2 car garage. The sellers, knowing that they may be facing foreclosure, contacted us well in advance to avoid foreclosure.
We started the price out according to market value, but six months into the listing, we came close to a foreclosure date, reduced the price (calculating market value/ time owned / interest rate) to $72,000 and started a short sale. The bank accepted $70,000 after completing their own research and appraisal.
The sellers left knowing they are receiving $1000 for moving expenses. In a small amount of time they will be able to purchase Springfield Mo real estate once more.
We left knowing we have clients and referrals for life. Thanks Wells Fargo.
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