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.

  Another Short Sale Success in the  Middleburg, Florida Area

The property: This was single family home in Middleburg with 3 bedrooms, 2 bathrooms, almost 1800 square feet. On a cul de sac. House was in move in condition. 

Hardship: Required relocation.

Short sale scenario: The lender was Navy Federal. Only one loan. The seller’s continued making their payments all the way up to closing. Took 2 months to get short sale approval. Not easy to talk to the negotatator. Whenever I called to get updates, I was never put through to the person handling the file. I could only get updates from the person who happened to answer the phone that day. Only one contract on this home. Sold for 151k, owed approximately 206k. No promissory note, but the seller did contribute 5k at closing.

• 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.

 Successful Short Sale in Middleburg Florida

The property: This was single family home in Middleburg with 3 bedrooms, 2 bathrooms, little over 1300 square feet. On a cul de sac. House was in move in condition. New roof, tile flooring, ginormous backyard. 

Hardship: Required relocation, loss of tenants.

Short sale scenario: 2 loans, one with Wells Fargo, one with Bank of America. Only had one buyer on this house.  From contract to closing it took 3 months. The seller did have to contribute around $300. No promissory note and the deficiency judgment was waived on both loans. Sold for 81k, owed a total of approximately 120k.

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
• 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.

 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