Westminster CO – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.
View My VIDEO BLOG at www.youtube.com/watch?v=WH2xAwiRocE.
They were forced to sell for job relocation a few years later. They found themselves upside down, despite that fact that they had put over $50,000 down when they built their home.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure.
They had no choice but to short sell the home. They put it on the market and it sold several months later. At first the lender wanted a promissory note.
But, they refused to accept it. The short sale was declined and the home was put back on the market. A few months later the home sold again.
The short sale was submitted to the lender. The seller’s told the lender that they would not accept a deficiency under any circumstance.
This time the lender approved the short sale with no deficiency or promissory note. According to our calculations the lender lost $101,279.60.
If the home owners had instead waited for the bank to foreclose and then sell the home, then they may have found themselves owing around $120,000 to $140,000.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at denverforeclosureblog@gmail.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 303-521-0984
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Westminster loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.
Thanks for reading this, Dan Hopper.
View My VIDEO BLOG at www.youtube.com/watch?v=WH2xAwiRocE.
Dan Hopper is a Real Estate Broker at Remax Alliance. Westminster Short Sales Realtor:
Phone: 303-521-0984. denverforeclosureblog@gmail.com.
View My homes for sale at www.danhopper.com.
Dan Hopper specializes in loan modification assistance and short sales in Westminster Colorado. Westminster Loan Modification Help, Westminster Short Sales. Westminster Short Sale Realtor. Denver CO Loan Modification Help, Denver CO Short Sales. Denver CO Short Sale Realtor. Westminster CO Short Sales. Westminster Realtor.
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Important Notice
Dan Hopper, Remax Alliance, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Dan Hopper's personal views and do not reflect the views of Remax Alliance.
This information on Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt is provided as a courtesy to our viewers to help them make informed decisions.
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