Glen Carbon Short Sale Successfully Closed by Nancy & Kristina at Goshen Realty Group
If you're a homeowner facing possible foreclosure, please read this success story carefully. You do have options. Don't let the lender foreclose without first exploring a short sale of your property.
In a short sale, we will market your home to potential buyers at a price that reflects current market conditions and we will ask the lender to accept an offer that is less than the amount you owe on your current mortgage.
A short sale can be a long and complicated process, but it is worth it. A short sale minimizes the damage to the seller's credit rating that a foreclosure or bankruptcy could cause. A short sale can let you move on with your life.
Today we closed on this home (pictured) in the popular Savannah Crossing neighborhood of Glen Carbon, IL. It was a beautiful four-bedroom, three-bath home with more than 2,500 square feet of finished space. The sellers had purchased the home at the height of the market and unfortunately experienced significant hardship in their lives.
In negotiating this short sale with Citimortgage, we worked to bring the price in line with current market conditions in the expanding neighborhood. We also disputed the original BPO (that stands for Broker Price Opinion) that the lender used in valuing the home and received a second BPO that lowered the comparable value on the house to a level that would attract buyers.
We helped the sellers put together all of the paperwork their lender needed to advance the sale -- authorization letters, federal documents, tax paperwork, paycheck stubs and many other items that were needed to successfully close this Glen Carbon short sale.
If you've had a hardship in your life and can no longer afford to stay in your home, please call 618-791-8007 or email Nancy@GoshenRealtyGtoup.com. We can help make this process work as smoothly as possible and give you a new start.