When a family approaches me to help with their short sale, my number one goal is to save their credit from foreclosure and educate them with their options on how to avoid foreclosure. I’m so glad to inform you all that I have helped three more bay area families from foreclosure and now they can build their credit back faster than foreclosure and move on with their life without any worries about the bad mortgage payments. Let me give you brief success stories about these families.
First family was from Fremont, California, he was having very hard time in paying his mortgage, he tried loan modification but lender denied his loan modification because he was out of job for many months and just with his unemployment benefit, he couldn’t qualify and was stressed out due to all the calls from lender. He was so depressed with his situation. Finally, his wife called me to discuss the options of short sale. After analyzing his situation, we have listed his house and within a week, we got offers and sent it to the lender for approval. It took 3 months to get the approval but buyers backed out because they couldn’t wait this long (Buyers: Please understand that short sale takes time, sometimes 4-5 months, so write offers only if you have patience to wait and really wants to buy that house). It took a month to find next buyer and they were so good and even the agent was good. Finally we closed the transaction successfully. We never met each other, everything was done over the phone and even the house keys were mailed to my office.
—-> Lenders: Chase & Citi Mortgage
—-> Loan Amount Owed: $605,111
—-> Sold For: $360,000
Second family was also from Fremont, she moved out of state due to job relocation and couldn’t afford to pay mortgage and rent on her current apartment at the same time. She called and talked over the phone and listed her house. I have to tell that she was so nice and cooperative in sending all the paper works on time without any delay and she returned all phone calls and emails promptly. This was my first time handling the short sale out of state and it was very great experience with her. We got multiple offers on this condominium and we closed the transaction with the first buyer itself. They patiently waited for the approval and closed the transaction on time. I had very good experience in working with the buyer’s agent, the best thing was, the buyer’s agent was familiar with the short sale process and she educated the buyer about short sale. I wish all the agents like her to educate their clients before writing offer on short sale.
—-> Lenders: Bank of America
—-> Loan Amount Owed: $374,900
—-> Sold For: $165,000
Third family was from Santa Clara, California; this couple was so nice and did everything they can to keep the house. They were paying mortgage even from their saving accounts, they also tried loan modification but couldn’t keep up the mortgage payment and other daily expenses. They finally decided to do short sale and interviewed couple of agents to do short sale and chose to work with me. They both were excellent in sending the required documents on time. This is very important that we submit the required documents in a timely manner to move the file quicker to get the approval. On this, we had problem with the 2nd lender negotiator, she wasn’t ready to give the approval for the three weeks after we had received the approval. She told us in the beginning that she got the approval but waiting for the first but when we gave the first approval and she said that she needed to submit the file to investor for approval. It was struggle for 2-3 weeks with the negotiator, I called her twice a week, emailed once a week and also escalated the file to get the approval from her. Well, finally we closed the transaction successfully on time. It was such a great experience for me in my negotiation techniques and my patience.
—-> Lenders: Wells Fargo & Citi Financial
—-> Loan Amount Owed: $566,996
—-> Sold For: $400,000
There are more families which I’m helping currently helping and some of them are in the final stage of negotiation in getting approvals. If you are in bay area and considering short sale or would like to know whether short sale is the best option for you then please call me and there is no charge for the consultation or even to assist you with short sale. It is my free service to you.
You can reach me directly at 510-366-9405. My goal is help as many families as possible from foreclosure.
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