Great story here. A client called us to discuss their
current mortgage situation. They had a CalHFA loan,
owed more than the property was worth and needed to get out from under the
financial hardship. Truly they could afford the payment but their situation had
changed since he purchased the property 5 years prior.
Knowing this was CalHFA
we knew this would take longer than usual. While we typically get most West Sacramento Short Sales completed
within 45- 60 days our experience told us we were looking at 60 – 90 days
minimum.
An added twist was that the seller had initiated a loan
mod prior to calling me so we spent the first 30 days getting the loan mod
cancelled before CalHFA would even entertain our request
for West Sacramento Short Sale.
Now the good folks over at CalHFA
quite frankly over loaded. Because our file was transferred from loan mod to Short Sale it seemed to get lost in the
shuffle.
As the never say die, never take “NO” guys we did end up
escalating the file to senior management to get the file moving forward. Once
this happened we were assigned a great CalHFA
negotiator who took the lead and pushed our file through.
45 days after escalating the file we now have our
approval. The Seller never missed a payment and will be able to protect his
credit and get a fresh start financially. All’s well that ends well. Shouldn’t
you be thinking along those lines?
Is a West Sacramento Short Sale Right for Me?
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 or for the
latest West Sacramento short sale information.
Call me today and sleep better tonight; you’ll be glad you did
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