This property was located in nice Trestle Glen area of Oakland, California; it had 2 loans with Wells Fargo but sold successfully at below average days on market.  We had received offer in 7 days with my aggressive short sale marketing.

The owners were really nice and they contacted me through my website to help them in short sale. I have to tell that they were on time in giving all the required documents, which were needed for short sale and without their help and cooperation; I couldn’t have this success in this short sale transaction.

We had received multiple short sale offers and selected the best offer to send to the lender for approval.  In the beginning, we had problem with 1st loan holder in assigning a negotiator for this short sale transaction but after a week, we had escalated the file and at that point they assigned a negotiator and ordered the BPO for this transaction.

The 2nd lien holder (Wells Fargo Equity Line) wanted more money from the 1st loan holder and seller, which I had negotiated with them for way less money than what they originally asked and finally we received their short sale approval.  All these negotiations didn’t take that much time, only 32 days for approval with my aggressive negotiation skills.  I’m happy that I have helped successfully to one more family in short sale. 

If you are in bay area and looking for an experienced short sale agent, then give me a call at 510-366-9405, I would be glad to assist you in short sale or call me even if you have any questions on short sale or options to avoid foreclosure.

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.

I have just closed another short sale with Countrywide; I know you have heard lots of horror stories about countrywide short sale approval. This is one of the few lender which takes longer time to get approvals on short sale, normally they take anywhere from 6-8 months and longer in some cases. 

My short sale with Countrywide approved in half the time, it took only 3 months for the approval. It wasn’t bad, dealing with them as I heard in the past with some other agents. Well, this is one of the longer times as compared to my other short sale approval with other lenders.

When I received a call from this San Jose homeowner and mentioned that their lender is Countrywide, I thought to myself “Oh! No! Should I take this listing or refer to someone else” Well, I accepted as challenge and not only that, I really wanted to help this family to avoid from foreclosure.

I had received the offer (multiple offers) for this house in just couple of days and sent the best offer to lender for their approval. After couple of weeks, when I called them, they had mentioned that they already asked their appraisal company for appraisal but it didn’t happen even after couple of  weeks. I called the lender next week and asked the status on appraisal and their representative said “their system is not showing the appraisal order for this house, no one even placed the order for the appraisal”.  The representative was very nice, she checked with their appraisal company directly and placed the order for us after confirming with their manager. Finally, their appraisal company sent someone for appraisal the next day itself.

Our offer got accepted and approved in couple of weeks after their appraisal and we were so excited and I called the buyer’s agent to inform this good news but guess what! That buyer backed out because “the entrance door of this listing was facing South and which is not good for them” –Wow!! I’m not sure, why they had waited this long to inform us and why they didn’t check before writing the offer, this is one of the simple thing to find out in the beginning itself. Well, I put back on market and received the offer next day itself and we had received higher offer than the last offer.  Again, submitted the offer and within 2 weeks, I have received the approval letter and this time we closed the escrow with no problem. 

I’m really happy that I saved one more family from foreclosure.  My goal is to save as many families as possible from foreclosure. Well, this is the time, families like them need more help in selling their house so that they can start a new life, build up their credit and not worried about harassing calls from lenders or foreclosure on their credit.

If you are in bay area and your lender is countrywide or any other lender and thinking about short sale, please give me a call at 510-366-9405 to see if you qualify for short sale.

If you or anyone you know in the bay area that are facing foreclosure or having difficulty and would like my help, please contact me directly at 510-366-9405 and I would be happy to assist you in any way I can.  Thank you for reading my blog!!

One more client of mine is saved from foreclosure!! They contacted me last month and told me about their situation, they were having hardship in maintaining all the expenses and they tried their best to keep their house by paying their mortgage but couldn’t afford to keep it longer.

Their couple of friends told them that the foreclosure and short sale is same thing and they even decided to let it go foreclosure, but one of their other good friends suggested talking to me to see if short sale is right or not. I have explained to them the difference between short sale and foreclosure and advantages of short sale over foreclosure.

Once they saw the benefits of short sale, they decided to list the house. After listing the house and with my short sale marketing, we did receive 3 offers within a week’s time and sent the best offer to the lender for their approval.

As a short sale specialist and with my negotiation skills, I have received the short sale approval within 29 days from Wells Fargo and the homeowner was so excited to see the approval. The buyer and buyer’s agent were also excited to see the approval within a month. They completed their inspection and other required paper works within the specified time period (I would say that buyer’s agent was superb in following up on their side) and today (08/03/09) we closed the escrow.

My goal is to help families from foreclosure as far as possible. If you are thinking of short sale and have any questions or need my assistance then don’t hesitate to contact me at (510) 366-9405, I would be happy to assist you in anyway I can – your bay area short sale specialist.