Bayview Loan Servicing Short Sale Closed in Passaic NJ

Real Estate Agent with Rosa Agency 9591451

We've just closed another Bayview Loan Servicing Short Sale, a 2-family home in Passaic, NJ.  

This 2-family home was in fair condition, with a total of 10 rooms, 4 bedrooms and 2 full bathrooms, with separate gas utilities.  At first there was not much interest in the home because Bayview Loan Servicing Short Sale provided us with a list price guidance that was well above fair market value.  However, after successfully logging a value dispute, we were able to get the list price reduced and had multiple offers shortly thereafter.

Bayview Loan Servicing Short Sale

As we were able to obtain a pre-approved Bayview Loan Servicing Short Sale List Price, we knew any offer at full price would be approved by the lien holder.  We got the short sale approval very quickly.  So quickly, in fact, that the buyer was not ready to close on time! 

It may not make sense to us, but sometimes the short sale bank just won't grant an extension.  In this case, we were trying to get a minor extension of just a few weeks, but Bayview Loan Servicing Short Sale would just not budge.  Finally, we got an extension of a few days, just enough to close this Bayview Loan Servicing Short Sale.

Our Short Sale client was able to walk away from his upside down Bayview Loan Servicing mortgage, with a full waiver of the deficiency balance, no promissory note and no cash contribution.  As is standard in all of our short sales, our short sale seller clients did not have to pay for anything related to the sale.  The purchaser paid for the municipal inspections, fire certificate and Certificate of Occupancy.  The buyer of this Bayview Loan Servicing Short Sale got what should prove to be an excellent buy in the long run.

Another Bayview Loan Servicing Short Sale approved and closed, with more in store!

If you are facing difficulty with your Bayview Loan Servicing mortgage, please contact us for a free and confidential consultation.

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Contact Manny Rosa for More Information

Manuel J. RosaManuel J. RosaSFR, e-PRO, BPOR, CHS, CDPE
Devore-Rosa, LLC T/A Rosa Agency
18-20 Bloomfield Ave.
Belleville, NJ 07109
Office: 973.751.1000 x. 529
Cell: 917.518.7861
Fax: 973.842.0837
Check out my new Website --> MannyRosaHomes.Com

Comments (1)

Scott Gleason, CRS
Coldwell Banker Realty - Westfield, NJ
Westfield NJ New Homes Specialist

Congratulations on the sale, Manny!  You obviously have a good background in working with short sales.

Dec 09, 2014 08:20 AM