Greentree Mortgage Fairfax Ridge Short Sale Approved! Deficiency waived 2bd condo Aristotle Drive

We are confident that if we decide to work with you we will get your short sale approved and the deficiency waived!  We have 100% success and helped over 150 short sellers.

If you have a loan with Greentree or a condo at Fairfax Ridge or in 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 571-477-1245

Greentree held the loans on this short sale. Read the approval letters below. Real Estate Agent Short Sale Specialist for Virginia & Maryland

11317 Aristotle Drive , FAIRFAX VA 22033 - 1bd/1ba - $255,000
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 50k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, family expanded and condo was too small

Ratified Contract: 1/2/2014
Final Approval Date: 12/21/2013
Close Date: 1/16/2014

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

This short sale started in August. We lost the first buyer because they didn't want to wait any longer.  We got the approval and had to substitute a new buyer quickly in time to close Jan 16 2014.  Greentree was pretty easy to work with on this one overall after some hard negotiations to get them to waive the deficiency.

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 Greentree Mortgage Contact Us. We have a proven record with Greentree Mortgage. We can help you with Greentree Mortgage in Virginia & Maryland.

 

 

 


 

Read More

Nationstar & Greentree Short Sale Fairfax Ridge Approval Letter Specialist

If you have a condo at Fairfax Ridge 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.

Nationstar Mortgage and Greentree were the loans on this short sale. Real Estate Agent Short Sale Specialist for Virginia & Maryland

11352 Aristotle Drive, Fairfax, VA 22030- 2bd/2ba with garage - $250,000
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 105k
For Short Sale FAQ's visit:
http://www.my1245shortsale.com/

Quick Facts

Hardship: Upside Down on the mortgage, going through a divorce.

Ratified Contract: 08/29/2012 
Final Approval Date: 10/09/2012
Close Date: 11/02/2012

Result: Full deficiency waiver for our seller.
We listed this property in June and got a contract quickly.  But Nationstarts BPO (appraisal) came in higher than our first buyer wanted to pay.  Meaning the bank thought the home was worth more than our offer.  The buyer walked and we quickly got a new buyer the end of August.  We got final approval on October 9th and closed November 2.  In all, the entire process took a little more than 4 months.

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 Nationstar Mortgage and Greentree Contact Us. We have a proven record with Nationstar Mortgage and Greentree Short Sales. We can help you withNationstar Mortgage and Greentreein Virginia & Maryland.

 

 

Read More

Can I short sale if I have a renter?

The short answer is, you have to honor the renters lease. 

We have helped many investor types who have renters in there property that are severely upside down, short sale there place.

What we like to do is time it so that the short sale is almost done by the time the lease is up.  To be on the safe side, we like to start the short sale 3 months before the end of the lease.  So if your lease was up September 1.  We would start the short sale with the sellers missed payment June 1.  Then when they are technically late June 15th, we would list the property and try to secure a buyer quickly.  This process takes cooperation from your renters.  We work with them so this is not a terrible inconvenience.

So these 3 months that the seller is not paying there mortgage, they are collecting rent.  This rent should cover in most cases the cash contribution that the bank is going to require at closing. Most of our sellers are having to bring anywhere from 0-$7,000 to closing.  Yes we have had clients bring nothing and actually we have had a few actually get paid a couple thousand to do the short sale! Our typical short sales are getting done in 90 days.  That is 90 days from contract ratification with the buyer.

If you would like to chat about your situation and see what your options are email me at nate@1245team.com

Read More

Chase Mortgage Short Sale Approval Letter The Reseve Manassas Park

Chase Mortgage Short Sale Approval Letter The Reserve Manassas Park Real Estate Agent Virginia & Maryland

9720 Holmes Place, Manassas Park 20111 - 2bd/2ba with garage - $140,000
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 145k
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: 5/30/2012

Result: Full deficiency waiver for our seller.

Another easy short sale with Chase. Not all are this easy but we got the approval letter for our sellers in less than 60 days. The sellers do not have to pay the bank back and were forgivin over 145k!!

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 Chase Mortgage Short Sales Contact Us. We have a proven record with Chase Mortgage(Preforeclosure) Short Sales. We can help you with Chase Mortgage Short Sale in Virginia & Maryland.

Read More

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.

Read More

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?

Read More

Seterus / First Tennessee / First Horizon Metlife Short Sale Approval Letter - 21417 Humbolt Sq, Ashburn, VA

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

Read More

VHDA Short Sale Approval Cheshire Ridge Cir Townes at Compton Farm Manassas, VA

9786 Cheshire Ridge Cir, Manassas, VA 20110 - 4bd/3ba Townhome. $235,000
VHDA Loan

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

Quick Facts

Hardship: Upside Down on the mortgage and going through a divorce

List Date: 11/08/2011
Contract Date: 11/28/2011
Approval Date: 1/09/2012
Close Date: 2/13/2012

Result: Full deficiency waiver for our seller.

VHDA is different than most banks.  They are not reimbursed from the government after completing the short sale. They take the entire hit themselves. Because of this they fight a little bit harder on the short sale.  You have to have a good hardship, otherwise they will want more money from you.  In this case the sellers were going through a divorce and kids were involved.  They granted our sellers full deficiency waiver. They only had to bring to closing $5,000 cash contribution to be forgiven over $100k.  They did elect however to do a promissory note for $5,000 because they did not have cash on hand.

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

See the Approval Letter Here

Read More

Reston Townhome Short Sale SOLD Reston, VA Real Estate

This short sale just sold April 22.   This now makes us 16 for 16 with Short Sales. The lender was Ever Home Mortgage and First Tennessee Bank.  This short sale took 4 months from contract to close. The seller bought the home for $510,000 in 2007 but now it sold for $317,000.  We were able to stop foreclosure multiple times on this home and get it sold!  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





Read More

Huntington Station Metro Townhome Short Sale SOLD Alexandria, VA Real Estate

We sold our client's Townhome at Huntington Station in Alexandria today. The lender was Citi Mortgage and over $520,000 was owed. The home sold for $430,000.  This was our quickest short sale to date yet.  It only took 2 months from contract to close. Congrats to our seller who was forgiven over $100,000 !!   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





Read More