Short Sale Closed!! Methuen MA

By
Real Estate Agent with EXIT Realty Beatrice Associates 9506757

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

 

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