Short Sale Success Story by Real Estate Guy Madison Wi

By
Real Estate Agent with Powered by: eXp Realty 50781-90

Realestateguy is happy to announce approval of another short sale in Madison Wi.   This brings the total to over 30 successful short sales and amongst the best record in Dane County.  

Scenario.   What is a Short sale?


Offer for  $150,000, loans for $160,000 Monona State Bank, Fannie Mae and Mortgage Insurance and $80,000 with Guaranty Bank.  

BPO value $155,000.


Both loans short, negotiated $5,000 payoff to second.  Primary mortgage amount was sufficient to be automatically approved by Fannie mae (85% of BPO).

Time frame 6 weeks.  Offer to approval.  3 weeks to close. 

Congratulations to our sellers Reid and Cara for being able get out from under a mountain of debt and to move on.  And to our buyers who have secure a wonderful home. 

 

If you are in the situation where your mortgage is a weight around your neck, we might be able to help.  Call us and we can likely tell you in a short phone interview. 

We can also help you with  Loan Modification information too.  



If you would prefer to leave the home and you are underwater in your home, a short sale may be for you.  About short sales Madison Wi.   


first posted.  http://wi-realestateguy.blogspot.com/2011/09/another-short-sale-approved-in-madison.html


Posted by

Guy Lofts CRS,  is a long-term area resident who has been helping people make sound housing decisions since 1993.  Guy is a past president of the Wisconsin Chapter of CRS, the Certified Residential Specialists.  A leader in technology, having had his first personalized web page in 1995.  With a first Blog in 2006,  Guy has provided training with in his office and is to present a training at past Wisconsin Realtor conventions.

His passion is helping people improbe their quality of life through Real Estate.  That means whether you are in real estate of ust want to invest of buy a home, we can help you.

Real Estate Guy @ eXp Realty Madison 

Helping Buyers and Sellers in Madison WI  Search all homes for sale, Madison WI

 

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Rainmaker
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James Muhammad
RE/MAX Champions - Upland, CA
RE/MAX Vision

This is a very good posy and encouraging to the market. All Short Sales don't end like this but if we work hard and stay focused we can have a success story as well.

Sep 23, 2011 05:13 PM #1
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Rainmaker
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Real Estate Guy in Madison, Wisconsin

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