Sold $460,000 Closed August 30th.
Seller walks from a large deficiency judgment with Litton Loan. From Listed to Sold less than 4 months.
One question I get from many home buyers as well as real estate agents is "how much is owed on the home?"
When it comes to doing a short sale and receiving a short sale approval the size of the deficiency is generally not important to the bank. What the bank looks at in a short sale deficiency is what is fair market value today and what is the price of the offer sitting on the table.
If you are a short sale seller or a short sale buyer, my recommendation is do not worry about the size of the deficiency. I have done short sales where the deficiency is over 50% of what is owed on the property. Again, the bank does all of its calculations off of what fair market value of the property is at that moment.
If you are a homeowner looking at foreclosure, I have a track record of helping homeowners make the best decisions regarding their home. If a short sale is the best option for you. My short sale team can help you get out from under your home and avoid foreclosure. Success is a history not a promise. My short sale team has successfully closed numerous short sale transactions this year alone.
If you would like a confidential pre-foreclosure consultation call Call EXIT Group One at 978-851-3600. More information on short sales in Massachusetts