Ladera Ranch Wachovia Short Sale Success - Ladera Ranch Short Sale Realtors
Another short sale success in Ladera Ranch with Wachovia by Dave Gubler & Brian Doubleday. Some of the salient points on this transaction:
1. Wachovia settled for $234,205.00 less than the amount owed.
2. A $5,000.00 Seller Incentive paid to the sellers was obtained.
3. NO Promissory Note or funds at closing required from the sellers.
4. NO Deficiency Letter required from the seller.
5. $6,000.00 of sale proceeds allowed for settlement with the 2nd mortgage (Bank of America). This was 7% of the total balance owed to the 2nd mortgage.
6. The Trustee Sale (Foreclosure) was postponed several times during the course of this short sale transaction.
LaderaRanchWachoviaShortSale (1) IML Real Estate is not associated with the government, and our service is not approved by the government or your lender.” (2) “Even if you accept this offer and use our service, your lender may not agree to change your loan.”
Comments(3)