Banks Are Approving Short Sales in Bellevue

By
Real Estate Agent with Homes Northwest

 

Bellevue WA – The Stop Foreclosure Institute sometimes receives e-mails from people that short sales are impossible. Well, short sales are not impossible. They just take time. Here is an example.

The Stop Foreclosure Institute was attempting a short sale on a property. The bank turned down an offer for $220,000 on the house.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Today it looks like an offer for 185k will be approved. Why is that? The first offer was submitted 4 months ago.

The bank did an appraisal. The appraiser thought the house was worth $265,000. The lender rejected the offer because it didn’t meet their guidelines.

We put the home back on the market and waited for another offer. The property values continued to decline.  Click HERE to read more.

 

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Topic:
Real Estate Market Trends
Location:
Washington King County Bellevue
Groups:
Short Sales Specialists
REO's & Short Sales
Short Sale
Tags:
negotiations
paul e nelson real estate
bellevue short sale
avoid foreclosure
real estate market
bank short sale
declining home values
bellevue short sale specialist

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