21417 Humbolt Sq, Ashburn, VA 20147 - Shortsale approved loan

By
Real Estate Agent with Keller Williams Realty - Serving Northern Virginia

21417 Humbolt Sq, Ashburn, VA 20147- Semi Detached Home 4bd/3ba - $389,000

Seterus / First Tennessee / First Horizon / Metlife Short Sale Approval Letter

 

We continue to be 100% in completing short sales for our sellers. Its important you hire a short sale specialist with experience with your bank.

 

We just got this short sale approved in 97 days from contract. The seller was forgiven over 75k

For Short Sale FAQ's visit:

http://www.my1245shortsale.com/

 

Quick Facts

 

Hardship: Upside Down on the mortgage, place was to small

 

List Date: 10/11/2011

Contract Date: 10/24/2011

Approval Date: 1/31/2012

Close Date: 2/24/2012

 

Result: Full deficiency waiver for our seller.

 

This was our first short sale where the 1st loan was not short, but the 2nd loan was. This means that the proceeds from the sale paid off the entire 1st loan. So we only had to negotiate with the 2nd loan. The 2nd loan actually got paid more than the typical 10% of the loan balance because there was so money left over after paying off the 1st loan. In the end our sellers only had to contribute $5,000 cash contribution to make $75,000 in mortgage lien be forgiven. Not a bad deal :) It took a little bit of back and forth with the 2nd loan until we came to these numbers but everyone was happy.

 

If you would like for us to refer you to a tax professional with short sale experience, conact us at Nate@1245team.com

 

If you have any questions concerning Seterus / First Tennessee / First Horizon Short Sales Contact Us. We have a proven record with Seterus / First Tennessee / First Horizon (Preforeclosure) Short Sales. We can help you with Seterus / First Tennessee / First Horizon Short Sale in Virginia & Maryland.

 

See the Approval letter here

 

 

 

 

 

 

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Nate Johnson

Realtor
Find Out What Your Home Is Worth
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