Another short sale success in Middleburg, Florida!
The property: This Middleburg townhome is 2 bedrooms, 2.5 bathroom, almost 1300 square feet. Very low HOA fees.
Hardship: Was a rental, had difficulties renting. Owner also had some health issues to deal with in the family.
Short sale scenario: By far, this was the best and easiest short sale to complete. The lender was Wells Fargo Financial, which is different than Wells Fargo Mortgage, but part of the same family. Wells Fargo Financial’s short sale procedure is to start the short sale process when the house is first listed. They assigned a negotiator and had the BPO done quickly. We established a price and once a month, I completed a market report form and we would reduce the price to generate showings. Once it went under contract, I had an approval with Wells in a week. The buyer even received a $3k carpet allowance. No promissory note and no out of pocket money from the seller. Sold for $80,000 with over 50k forgiven.
If you find yourself in a short sale situation and want to know your options either call me at 904-910-3516 or email me at pam@pamgraham.com.
Other successful short sales I’ve completed:
- Wells Fargo Financial
- Navy Federal
- Litton Loan
- Wells Fargo
- Bank of America
- Select Portfolio Servicing, Inc
- HSBC
- Provident Funding
- Litton
- Vystar
- American Home Mortgage Servicing Inc
