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Thursday, March 14, 2013

West Sacramento Short Sale Information – Wells Fargo Fannie Mae Short Sale Drama





How do you NOT have drama whenever Fannie Mae is involved with a Wells Fargo Short Sale is a better question. Our most recent debacle involves a listing we have been working on for nearly a year, you heard me right a year. It is because we are poor Short Sale negotiators? You know better than that…. No it’s because Fannie Mae is determined to try and control the housing market at the expense of you the tax payer and the expense of the unsuspecting homeowner.

In this particular Wells Fargo Fannie Mae short sale we have had several offers at fair market value. As is Fannie Mae’s practice Fannie Mae has continually requested 20% over fair market value for the property.

We successfully had three foreclosure sale dates postponed and thought for sure we were dead in the water with the fourth sale date pending. Through multiple escalations at the 11thhour we were able to get the foreclosure postponed once again to allow Wells Fargo time to review the offer. Looks like we are finally going to get this one approved after going through 5 buyers and nearly a year in negotiations. Imagine how much money Fannie Mae has lost playing their “manipulate the market” games – oh I forgot, as a GSE, it is OUR money, the taxpayers, who’s money they lost – that makes me feel better…. Bottom line is we NEVER give up and will save this property from foreclosure

Is a West Sacramento Short Sale Right for Me? Give me a call and let’s find out. We also offer a short sale lease back program for those who qualify allowing you to short sale and stay in your home. Call me for details

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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