Fannie Mae West Sacramento Short Sale

We had a real nail biter this past week. We had a Seratus serviced, Fannie Mae backed short sale in the works. We had the auction date postponed at the 11th hour and got the short sale approved. And then as Paul Harvey used to say “and then the rest of the story…” As chance would have it, the buyer’s appraisal did not come in at the approved price. Whenever this happens you have to go back to the servicer and ultimately the investor, in this case Fannie Mae.

  

After about a week of wrangling and escalations we received approval at the buyer’s lower appraisal price. That’s the good news. The bad news is we only have a week to close the transaction before the property goes to auction. You see with FannieMae, they will grant you one extension and one extension only. Know you know us as the never take no for an answer guys and we certainly were not to be denied so close to the finish line. As West Sacramento Short Sale Specialists, once the servicer told us no extensions, we escalated to Fannie Mae direct, Senator Feinstein, Attorney General Harris and Acting Head of the FHFA Edward Demarco. At this date I am confident we will save this property from foreclosure. Once again you can see there is a difference in West Sacramento Short Sale Agents.

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation. Call me today and sleep better tonight; you’ll be glad you did