The more I work with the
good folks at US Bank the more I like them. Our first couple of US Bank Short
Sales were quite honestly pretty rocky. They took multiple high level
escalations and lots of tough love to get approved. I was not loving the idea
of another US Bank Short Sale when we took this one on.
When this US Bank Short
Sale started out I was again having my doubts. We had an out of town seller
with limited technology resources so fax was their main way of getting
documentation to us. Add to that the distance, busy schedule of the seller, the
level of detail US Bank requires and oh did I mention this was also a Freddie
Mae loan – well now you see the mess we had.
We were able to battle
our way through it and once we finally had all of the documentation from the
seller the transaction went a little smoother, but honestly this was no cake
walk. We had multiple negotiators at US Bank and in the end the last one was
more than patient and understanding of the situation.
With her help and
understanding we were able to get the short sale approved with Freddie
Mac releasing all rights to seek a deficiency on the unpaid
balance and with the extension of the Debt Forgiveness Act the seller will be
able to avoid paying income taxes on the forgiven debt.
We have a couple more Short Sales going with US Bank right now and
I am pleased to say they are going very well all things considered.
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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