by qsarahr
3. October 2011 04:39
On Friday we closed on a Chase Short Sale in Aldie, Virginia and were able to get the deficiency fully waved as well as get our clients a 3,000 dollar relocation fee. This was our fasted approval since we have started doing short sales. We got it approved in 30 days from start to finish. The largest hiccup was the first buyer on the property could not get financing, so we had to put the house back on the market. We were able to get a new buyer, new approval within a week, and we closed on Friday. Chase was the only lender on the home, and the negotiator that was assigned to this file was great to work with. Here is the break out of how much was owed versus the approval:
$412,000 Balance Owed
- $290,000 Sold Price
$122,000 Deficiency Waved
If you or someone you know is struggling with their mortage, give us a call at 703-297-4251! We can help!
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