This is one of the best banks in approving short sale. Wachovia’s short sale approval process is so fast that I haven’t seen any other lender this fast with short sale approvals. I guess other lenders need to learn from Wachovia on how to process short sale.
Couple of weeks ago, I talked to the manager of Wachovia’s short sale department and he explained to me about the Wachovia short sale approval timeline. I was so excited to hear that they can process the file and get approvals within 7-10 days. Currently, this program is available in California but they are planning to expand to other states.
So, if you are in bay area and your lender is Wachovia and thinking about short sale, then give me a call at 510-366-9405 as soon as possible so that I can check if you qualify for short sale, then all we need to do is list your property and with my aggressive short sale marketing, get an offer from a qualified buyer (my average short sale listing gets offer within 7-14 days), once we get the offer then submit the short sale package to the lender for approval.
Now, if you have second mortgage holder, other than Wachovia on your house, then we need to negotiate with the other lender also, which will take time, depends on the lender. I have successfully negotiated short sales with 2nd mortgage holder also , so give me a call at 510-366-9405 so that we can discuss your best options on how to avoid foreclosure.
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