Chula Vista CA - Yes, we are happy to announce the bank has approved the Short Sale of 1298 Fools Gold in Chula Vista, a home listed for sale as a Short Sale by Team member Joe Phair of Oak Tree Realty Group. We have to thank the people who made this happen.
That is our wonderful negotiator, Roxanne Burns, Guild Mortgage Loss Mitigation Dept, the seller for being so cooperative, the buyer and the buyer’s agent for hanging in there for the approval process.
You guys made it happen! You got this Short Sale Approved! THANK YOU SO MUCH!
The seller owed over $250,000. The lender is accepting a reduced payoff of $170,000 net. The seller is able to walk away without owing a deficiency, or promissory note.
They walk away owing zero dollars to the bank.
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