I received a call from this client after 2 other agents had unsuccessfully attempted to short sell his Naugatuck home. Once we sat down and analyzed his situation, we listed the property and located a cash buyer in a 30 days. Both BOA and Wells Fargo approved the short sale with a full waiver of deficiency.
Here are the details:
Sale price: $91,000
Amount owed to 1st mortgage with BOA - $160,000
Amount owed 2 HELOC with Wells Fargo - $25,000
Closing costs allowed - $8,000
Net to BOA - $83,000
Net to Wells Fargo - $1,500
Total debt forgiven with no deficiency - $100,500
Time frame list to close : 6 months
Patrick
Why settle for less than 5 stars?
Featured in Connecticut Magazine's March 2011 and March 2012 issues as a top real estate agent in overall satisfaction. Contact me for more information about attempting a short sale in Connecticut.
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