Looking for West Sacramento short sale information? You have
come to the right place. Mike Rigley Certified Default Advocate,
Distressed Property Expert and your short sale specialist there thank you for
joining us. Today let’s talk about a US Bank Short Sale / GMAC Short Sale we
just recently closed.
US Bank Short Sales in
my opinion are tough. The good folks in the US Bank Short SaleDepartment are
good negotiators and follow those guidelines to the letter. We just recently
closed a Short Sale where GMAC had the first and US
Bank had a $100,000 HELOCsecond. Now the folks that manage the US Bank Short
Sale department know that in aforeclosure they do not give up their right to
seek a deficiency. This makes a US Bank Short Sale all the tougher.
In this particular case
the GMAC Short Sale was pretty straight forward to negotiate. The folks at the
GMAC Short SaleDepartment get it. Of course it was the US Bank Short Sale that
became problematic. As is usually the case, the US Bank Short Sale negotiator
wanted more than GMAC was willing to give. With a number of escalations and
work arounds we were ultimately successful in getting the US Bank Short Sale
approved with US Bank agreeing to settle the debt for less than owed and not
seek a deficiency. What a great day for my sellers. Just being able to walk
away from the $100,000 in debt was great in its self but because they put the
money back into the house and the extension of the Mortgage Debt Relief Act,
their accountant is telling them they will not owe income taxes on the forgive
debt either. Life is good.
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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