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

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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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Suntrust Bank Short Sale Approval Letter - 3909 Penderview Drive Penderbrook Sq Fairfax VA

Suntrust Bank Short Sale Approval Letter - 3909 Penderview Drive Penderbrook Sq Fairfax VA

For Short Sale FAQ's visit
http://www.my1245shortsale.com/

Quick Facts

Hardship:  To Much Debt, Upside Down on the mortgage

Days for Approval: 58 days to get the approval and we closed within 90 days.  We lost the first buyer but got another buyer ASAP and still closed within 90 days from ratification.

Amount Forgiven: Over $125,000 and the seller does not have to pay the bank back!

Suntrust was great to work with and they moved the file along very quickly. 

Here's the Suntrst Bank short sale approval letter. The banks states "The preforclosure sale may have an impact on your income taxes. You should consult with your tax preparation professional. Additionally this transaction will be reported to the credit bureau as 'Settled in full for less than total payoff.'" According to the attorney, this is a good letter. Since this was her primary residence, she will not have to pay taxes on the forgiven amount.

If you would like for us to refer a good short sale tax attorney to you. Contact us at Nate@1245team.com
If you have any questions concerning Suntrust Bank Short Sales Contact Us. We have a proven record with Suntrust Bank (Preforeclosure) Short Sales. We can help you with Suntrust Bank Short Sales in Virginia & Maryland.

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