Middleburg Florida Short Sale Success Story
The property: This was single family home in Middleburg with 3 bedrooms, 2 bathrooms, little over 1500 square feet. Ginormous fenced backyard.
Hardship: Divorce situation, financial difficulties.
Short sale scenario: We did have an offer on this property before the final one that closed. The first offer was approved in 32 days. This short sale was with Litton Loans. This is another lender who is easier to work with, from contract to closing (the final offer that stuck) was only 40 days. The seller did have a promissory note of $3k. Sold for 104k, owed 175K. 2 loans both with Litton.
The real estate market would turn around faster, if we could decrease the short sale inventory drastically. One way of doing that would be to have a faster short sale approval turn around. Less buyers walking away from getting impatient.
- Wells Fargo Financial
- Navy Federal
- Litton Loan
- Wells Fargo
- Bank of America
- Select Portfolio Servicing, Inc
- HSBC
- Provident Funding
- Litton
- ING
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.
