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 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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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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Acacia Wells Fargo Short Sale Approval Letter Penderbrook Square 12159 Penderview Terrace Fairfax, VA

We just got this short sale approved and closed  with Acacia and Wells Fargo!!! 12159 Penderview Terrace. October 14, 2011

http://www.my1245shortsale.com/



Quick Facts
Hardship: To Much Debt, Upside Down on the mortgage, place is to small
Days for Approval: We got this approval letter in 73 days from contract ratification.
Amount Forgiven: Over $100,000 and the seller does not have to pay the bank back!

We did not have any problems with Acacia or Wells Fargo.  We had some slight delays with both lenders but overcame both problems.  Acacia did not want to start the process, so we had to escalate to the president of Acacia to get him to move this file along.  Wells Fargo was fighting us because they believe our client could afford the place.  She could but she no longer wanted it as it was upside down. We negotiated and got both of these banks to full approve the short sale and waive the deficiency.
Here's the Acacia and Wells Fargo 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 tax 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 have any questions concerning Acacia and Wells Fargo Short Sales Contact Us. We have a proven record with Acacia and Wells Fargo (Preforeclosure) Short Sales. We can help you with Acacia and Wells Fargo Short Sales in Virginia & Maryland.

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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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