Here was a case where Wells
Fargo was the servicer and Fannie Mae was
the investor. This Wells
Fargo Short Sale should have been a slam dunk. We listed the
property and received a fair market value offer in no time. With a complete Wells
Fargo Short Sale package submitted and an appraisal at fair
market value we thought we were golden and looking like we would receive
approval in less than 30 days.
Did I mention this was
also a Fannie Mae file? And there is the rest of
the story. Fannie Mae countered our offer as is their
practice recently 20% above fair market value. Now really, who is going to pay
20% more than something is worth especially a house right?
Well as we expected the
buyer withdrew leaving us stuck with an over-priced listing. Knowing it is my
job to get this home sold, I lowered the price several times from what Fannie Mae was
looking for. Once we got the price to where it should be we received an offer I
thought we could make work.
With a complete Wells
Fargo Short Sale package submitted and a recent appraisal on
the property our Wells Fargo Short Sale file was promptly
sent through the channels and low and behold the Wells
Fargo Short Sale was approved in less than 40 days. Life is
good.
Once again we were able
to overcome adversity and help another family get out from under a home where
they owed more than twice what it was worth, getting a fresh start financially.
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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