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
Pam lists and sells homes in Jacksonville, Orange Park, Green Cove Springs, Fleming Island, Middleburg,Ponte Vedra, Atlantic Beach, Neptune Beach, Jacksonville Beach, Orangedale, Fruit Cove, Switzerland and St Johns County Florida.
Are you facing foreclosure? Call Pam at 904-910-3516 to discuss your options.
Pam Graham with All Real Estate Options handles Jacksonville Florida short sales, Orange Park Florida short sales, Fleming Island Florida Short sales, Middleburg Florida short sales, Green Cove Springs Florida short sales, St Johns County Florida short sales, Ponte Vedra Florida short sales, St Augustine short sales, Palm Valley short sales, Duval County Florida short sales and Clay County Florida short sales.
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Mortgage Assistance Relief Services Disclosure
ALL Real Estate Options is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.
