BOA Bank of America & M&T Bank Short Sale Approval Letter Deficiency waived Fairfax, VA Penderbrook Square Condo

If you have a condo at Penderbrook Square or Northern Virginia, let us help you do a short sale so you do not waste away your life savings on a home upside down. I was in the same situation you are 2 years ago when I had to short sale my home. I know exactly what you are going through and would be honored to have a free consultation with you.  Call Nate at 703-725-2929

M&T Bank and Bank of America BOA were the loans on this short sale. Read the approval letters below. Real Estate Agent Short Sale Specialist for Virginia & Maryland

3904 PENDERVIEW DR 707 FAIRFAX VA 22033 - 1bd/1ba - $145,000
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. The seller was forgiven over 75k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, relocated for work out of state

Ratified Contract: 2/27/2013
Final Approval Date: 4/24/2013
Close Date: 5/17/2013

Result: Full deficiency waiver for seller. Read the approval letters below.

This short sale went rather smoothly compared to most of ours.  We had a slight problem with the appraisal but came to terms with the buyer at $145,000.  Our seller was forgiven the entire deficiency and did not have to pay the bank any money at all!

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

If you have any questions concerning M&T Bank or BOA Bank of America Contact Us. We have a proven record with M&T Bank or BOA Bank of America. We can help you with M&T Bank or BOA Bank of America in Virginia & Maryland.

 

 

 

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Bank of America Short Sale Testimonial from our Client on Zillow

Read our client Eboni's review on zillow below. 

http://www.zillow.com/profile/NateTheRealtor/Reviews/

"I had a condo that I could no longer afford. I filed bankruptcy back in 2009 so the condo had been sitting there since then, almost 3 years. I received a post card from Nate about doing a short sale and how they had been successful in my condo complex. I gave him a call. He was professional and was quick to get started. Any time I emailed him or called, he was quick to respond. The short sale went through in about 2 months from the day I contacted him. I have never been more impressed then I was with Nate and the 12:45 team who assisted him on the short sale. Everyone I talked to on the time, was professional and handled themselves with class. I would still be stuck with this condo if it wasn't for Nate. I would recommend him to anyone who is thinking of doing a short sale. Now I am burden free and I owe it all to Nate and the 12:45 team. Great Job Nate!"

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Bank of America BOA / Citi Short Sale Approval Letter in Fairfax, VA Penderbrook

Bank of America BOA Citi Mortgage Short Sale Approval Letter Penderbrook Oxford House Real Estate Agent Fairfax Virginia

12010 Ridge Knoll Dr, Fairfax, VA 22033 - 2bd/2ba - $220,000
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. The seller was forgiven over 85k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, place was to small, paying more in mortgage then they would if they were to rent the same place.

List Date: 02/21/2012
Approval Date: 2/28/2012
Close Date: 4/30/2012

Result: Full deficiency waiver for our seller.

This was an easy short sale with BOA and Citi :)  As you can see this took 2 months from contract to close!  that means we got the approval in 30 days which is really fast.  Typically our short sales are closing in 90 days but the seller was happy with 60!  The seller was forgiven over 85k and does not have to pay the bank back.

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 BOA Bank of America or Citi Mortgage Short Sales Contact Us. We have a proven record with BOA Bank of America, Citi Mortgage(Preforeclosure) Short Sales. We can help you with BOA Bank of America Citi Mortgage Short Sale in Virginia & Maryland.

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2 more approval letters!

Just a quick update.  More info coming later on these two short sales. 

Our latest short sales were listed in late February and we got offers right away.   It then took less than 60 days to get the approval letter and close.

Both sellers were forgiven and do not have to pay the bank.

Banks we were working with were:   BOA/Citi  & Chase

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Do you have a BOA Bank of America Loan and are upside down? Good News!

BOA has a short sale program that is the best! Read info below and contact me if you have any questions.

• Low to no documentation from the Seller.
• Pre-approved pricing with aggressive price reductions.
• $2,500 cash to the Seller at closing.
• Full Waiver of Deficiency.
• Can be an investment property.

It’s basically HAFA without all of the paperwork and time delays. I’ve done quite a few of these and have a few more on the works right now. One key point is that you want to be sure to go through the Co-op approval process prior to placing the property on the market.

It may take a couple of months on the front end to get approved for the Co-op and get a listing price but once you have these things the process is very straight forward.

1. List the property at the approved price.
2. Sell it.
3. Upload the contract and HUD into the Equator system.
4. Received the final approval. Usually within 15-30 days
5. Close the transaction.

From Bank of America

Important information on a Bank of America Cooperative Short Sale

■ If you successfully complete a cooperative short sale, you will sell your home and will be required to vacate the property.

■ You are responsible for all maintenance and expenses on the property until it is sold.

■ Financial hardship and inability to afford the payments on the property are needed to qualify for a cooperative short sale.

■ The short sale must be an “arm’s length” transaction. An arm’s length transaction means that you cannot list the property with or sell it to anyone that you are related to or with whom you have a close personal or business relationship.

■ Bank of America, N.A. will use proceeds from the sale to pay off the balance of your loan, and will work together with your listing agent on your behalf to facilitate the sale process.

■ We may begin or continue the foreclosure process while we review your request. We will suspend any foreclosure sale date until the expiration date of the signed Acknowledgement of Interest or the date of closing of an approved short sale, whichever is later, as long as you continue to abide by the terms and conditions of the agreement.

■ If the cooperative short sale is unsuccessful, Bank of America may offer you the opportunity to participate in a deed-in-lieu of foreclosure program.

■ Once your short sale is completed, Bank of America will report to the major credit reporting bureaus that your loan was completed as a short sale.

Benefits of a successful Bank of America cooperative short sale

■ If the cooperative short sale is successful, Bank of America will pay you $2500 for moving, relocation, or rental expenses.

■ If the cooperative short sale is successful, Bank of America will not pursue the deficiency balance on your loan.

■ If the cooperative short sale is successful, Bank of America will not foreclose on your home.

So folks, if you have a mortgage with Bank of America and need to do a Virginia or Maryland Short Sale, I can help. I’ll be waiting to hear from you. Any questions?

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BOA Bank of America Short Sale Testimonial Virginia Maryland Short Sale Agent Specialist

We short sold our clients condo with Bank of America BOA and the seller did not have to pay the bank back.  This approval letter came in 34 days! and she was forgiven over 100k.  This condo was in Herndon at the Bryson at Woodlands Park. If you have any questions about your Bank of America Short Sale contact nate@1245team.com 703-725-2929 for a free consultation.

Read our clients review on zillow below

http://www.zillow.com/profile/NateTheRealtor/Reviews/

"I had a condo that I could no longer afford. I filed bankruptcy back in 2009 so the condo had been sitting there since then, almost 3 years. I received a post card from Nate about doing a short sale and how they had been successful in my condo complex. I gave him a call. He was professional and was quick to get started. Any time I emailed him or called, he was quick to respond. The short sale went through in about 2 months from the day I contacted him. I have never been more impressed then I was with Nate and the 12:45 team who assisted him on the short sale. Everyone I talked to on the time, was professional and handled themselves with class. I would still be stuck with this condo if it wasn't for Nate. I would recommend him to anyone who is thinking of doing a short sale. Now I am burden free and I owe it all to Nate and the 12:45 team. Great Job Nate!"

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Bank of America BOA Short Sale Approval Letter Penderbrook Square Real Estate Agent Fairfax Virginia

Bank of America BOA Short Sale Approval Letter Penderbrook Square Real Estate Agent Fairfax Virginia

3909 Penderview Drive - 2bd/1ba -$155,000
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. The seller was forgiven over 100k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, place was to small, going through a divorce

List Date: 07/21/2011
Approval Date: 2/29/2012
Close Date: 3/30/2012

Result: Full deficiency waiver for our seller.

This short sale was tricky and took longer than normal.  First the place sat on the market for 3 months before we got a contract.  This was because the condo was outdated and every other condo in the compolex was fully updated. So after dropping the price we finally got a buyer at $155,000.  BOA uses Equator for their short sales and this process usually completes in 90 days.  But our negotiator was terrible and grossly messed up our file and delayed it.  We lost the first buyer but found another buyer right away and were able to close in 2 months.  Total time from the first contract to approval was 5 months.  So a little bit longer than normal. When we got the 2nd buyer I met with BOA executives at conference and had them escalate the file and get us a new negotiator ASAP. I was shocked, within 2 weeks we had the approval.  Our sellers were forgiven over 100k and do not have to pay it back.

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 BOA Bank of America Short Sales Contact Us. We have a proven record with BOA Bank of America (Preforeclosure) Short Sales. We can help you with BOA Bank of America Short Sale in Virginia & Maryland.

See the Approval letter here

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Fairfax County Short Sale Specialists - New Listing from 12:45 Team Fairfax, VA Penderbrook Sq



Fairfax County Short Sale Specialists - New Listing from 12:45 Team Fairfax, VA Penderbrook Sq

Visit http://12010ridgeknolldr.blogspot.com/ for video and pictures of this property.

Short Sale FAQ's visit www.my1245shortsale.com

2bd/2ba - $220,000 Penderbrook Square

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12937 Centre Park Circle BOA Bank of America Short Sale Approval Letter Bryson Condos in Herndon, VA

12937 Centre Park Circle, Herndon, VA 20171 - Bryson Condo 1bd/1ba - $160,000
BOA - Bank of America

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 34 days from contract. The seller was forgiven over 100k
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, lost job

List Date: 12/23/2011
Contract Date: 12/26/2011
Approval Date: 1/30/2012
Close Date: 2/08/2012

Result: Full deficiency waiver for our seller.

This was our quickest and easiest BOA Bank of America short sale. It took only 34 days to get the approval letter and the seller was forgiven over 100k and does not have to pay anything back. Every BOA file is different.  We have another one right now that is taking 80+ days but should be approved soon.  But we have closed every BOA Bank of America short sale we have had!

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

If you have any questions concerning BOA - Bank of America Short Sales Contact Us. We have a proven record with BOA - Bank of America  (Preforeclosure) Short Sales. We can help you with BOA - Bank of America Short Sale in Virginia & Maryland.

See the Approval letter here

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BOA Bank of America Short Sale Approval Letter, Penderbrook Square Fairfax, VA 12152 Penderview Terrace

BOA Bank of America Short Sale Approval Letter, Penderbrook Square Fairfax, VA 12152 Penderview Terrace - 2 bedroom condo. $173,000
We are now 29 for 29 in successfully completing short sales for our sellers.

We just got this short sale approved!!  The seller was forgiven over 100k
http://www.my1245shortsale.com/

Quick Facts

Hardship:  Upside Down on the mortgage, Home is to small

List Date: 7/08/2011 
Contract Date: 7/28/2011
Approval Date: 11/02/2011
Close Date: 11/10/2011
Result: Full deficiency waiver for our seller.

BOA short sale. Bank of America caused a few issues on this but actually it was the Mortgage Insurance company on the 2nd loan that was the issue.  So this took a little bit longer than normal. Basically if one of the loans has mortgage insurance, it can be tricky.  They have to approve the short sale also and they dont care if it goes to foreclosure because they have to pay the same amount in claims in a short sale or foreclosure. So they sometimes make unreasonable requests.  After fighting them for a couple weeks we came to terms on a small promissory note. Intially they wanted over $7,500 in cash contribution to go along with the promissory note, but we got them to waive that. The sellers were in fact forgiven over 100k in deficiency.  So we were pretty excited about this accomplishment.

If you have any questions concerning BOA Bank of America Short Sales Contact Us. We have a proven record with BOA Bank of America (Preforeclosure) Short Sales. We can help you with BOA Bank of America Short Sale in Virginia & Maryland.

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Bank of America BOA Short Sale - Penderbrook Square 3918 Penderview Drive Fairfax

3918 Penderview Drive, Fairfax, VA 22033  -  Penderbrook Square - 1 bedroom condo. $143,000
Bank of America BOA

We are now 27 for 27 in successfully completing short sales for our sellers.
We just got this short sale approved in 36 days from contract!!  The seller was forgiven over 100k
http://www.my1245shortsale.com/

Quick Facts

Hardship: To Much Debt, Loss of renter, Upside Down on the mortgage

List Date: 9/1/2011 
Contract Date: 9/2/2011
Approval Date: 10/08/2011
Close Date: 11/10/11
Result: Full deficiency waiver for our seller.

BOA short sale. Bank of America was very quick and we had no issues.  They did initially send us an approval letter with the seller having to pay the bank back over 100k  but we negotiated and are having our seller contribute $1,300 to be forgiven and not pay the bank back!

If you have any questions concerning BOA Bank of America Short Sales Contact Us. We have a proven record with BOA Bank of America (Preforeclosure) Short Sales. We can help you with BOA Bank of America Short Sale in Virginia & Maryland.

We will be posting testimonial and the approval letter shortly

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BOA Bank of America Short Sale Fairfax Ridge, Fairfax, VA Aristotle Drive

11375 Aristotle Drive, Fairfax, VA 22030  - Fairfax Ridge - 1 bedroom condo. $155,000

We just closed another Bank of America BOA short sale 9/15/11
http://www.my1245shortsale.com/



 
Quick Facts
Hardship: To Much Debt, Loss of renter, Upside Down on the mortgage
Days to close: 75 days

The seller was forgiven over 100k and does not have to pay the bank back. It took us 75 days from contract ratification to close on this Bank of America short sale.

We had no issues with Bank of America on this and we got them to accept this short sale very quickly. Most of the time we are able to get BOA to cave to our demands unless there is mortgage insurance, then its a little tougher.

If you have any questions concerning BOA Bank of America Short Sales Contact Us. We have a proven record with BOA Bank of America (Preforeclosure) Short Sales. We can help you with BOA Bank of America Short Sale in Virginia & Maryland.

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Short Sale Approval Letters

My1245ShortSale.com

Check out some of our short sale letters below. We have successfully negotiated 19 of 19 short sales since last year! It is a very difficult and stressful time for these owners and once the process is all done, it is such a joy and relief for them to be done with it. It makes all the hard work and 3-5 months it takes to get them closed, worth it for us.

Short Sale Condo Sold -Chase
*Did not have to pay the bank back - Approval Letter Here

Short Sale Condo Sold -Citi Bank
*Did not have to pay the bank back - Approval Letter Here

Short Sale Townhome Sold -Wells Fargo
*Did not have to pay the bank back - Approval Letter Here

Short Sale Townhome Sold -Citi Bank

*Did not have to pay the bank back - Approval Letter Here

Short Sale Condo Sold - Bank of America

*Did not have to pay the bank back - Approval Letter Here

Short Sale Condo Sold -Chase

*Did not have to pay the bank back - Approval Letter Here


Short Sale Condo Sold -Chase
*Did not have to pay the bank back - Approval Letter Here


Short Sale Condo Sold -Bank of America
*Did not have to pay the bank back - Approval Letter Here

Short Sale Sold -Chase
*Did not have to pay the bank back - Approval Letter Here

Short Sale Sold -Citi
*Did not have to pay the bank back - Approval Letter Here

Short Sale Condo Sold -Bank of America
*Did not have to pay the bank back - Approval Letter Here

Short Sale Single Family Home Sold-PHH Mortgage
*Did not have to pay the bank back - Approval Letter Here

Short Sale Townhome Sold-EMC Mortgage Chase
*Did not have to pay the bank back - Approval Letter Here

Short Sale Condo Sold -Metlife Home Loans
*Did not have to pay the bank back - Approval Letter Here

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Centreville Townhome Short Sale Sold ! Centreville, VA Real Estate

We just got closed our most difficult short sale to date !  The banks were Bank of America and Citi Bank. We honestly thought this was going to go to foreclosure.  But our team pulled it out.  If we can get this deal done, we are very confident we can get any deal done. Our clients bought the property a couple years back at $311,000 and sold it for $165,000.  They were forgiven over $155,000 !!! and do not have to pay it back.   We started this journey with this couple back in 2008.  The TH they owned was to small and they wanted to expand their family. They waited for almost 9 months, on a short sale to buy their dream single family home. Then once that was complete, they decided to short sale their small townhome. If you have any questions about short sales or you know someone that needs help, call me at 703-725-2929 or email me at natejohnson@kw.com Please also visit our websites http://www.myshortsalecondo.com/ and http://www.myshortsaletownhome.com/
Approval letters are being uploaded soon.

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Fairfax Condo Short Sale Sold! Penderbrook Square Bank of America

This short sale just got approved and is closing the end of May.  We are now 18 for 18 with our short sales successfully being approved and closed.  The lender was Bank of America.  This short sale took 3 months from contract to close.  The seller bought the home for $277,000 in 2007 and the condo sold for $175,000. The seller was forgiven over 120k !! If you have any questions about short sales or you know someone that needs help, call me at 703-725-2929 or email me at natejohnson@kw.com  Please also visit our websites  http://www.myshortsalecondo.com/ and http://www.myshortsaletownhome.com/

To see the short sale approval for this condo Click Here  (coming soon)





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Arlington Condo Short Sale SOLD The Phoenix in Clarendon Arlington, VA Real Estate

We sold our client's Condo at The Phoenix in Clarendon, Arlington, VA today. The lender was Bank of America BOA and over $330,000 was owed. The home sold for $278,000.   Congrats to our seller who was forgiven over $75,000 !!   If you have any questions about short sales or you know someone that needs help, call me at 703-725-2929 or email me at natejohnson@kw.com  Please also visit our websites  http://www.myshortsalecondo.com/ and http://www.myshortsaletownhome.com/

To see the short sale approval for this condo Click Here and Here

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