US Bank short sales. Need I say more? Well yes of course I do otherwise why make
a video or Blog right?
Our most recent US Bank Short Sale was, as is usually the case with US Bank, a challenge to say the least. In fact the only short sale we were not able to get approved in the past 12 months or so was a US Bank Short Sale and every other US Bank Short Sale had been a challenge so we knew what to expect.
In this case we had a true hardship and the seller had stopped making payments. The US Bank short sale department had actually closed our file twice for trivial reasons. I gotta tell you that I really think they do this on purpose to try and wear you down into submission and just give up which is crazy because US Bank and the underlying investor will lose 15-20% less on a US Bank Short sale than they will with a foreclosure.
Any way I digress… The last hurdle the US Bank short sale department threw at us was asking for $7000 more than the fair market value of the property. Now keep in mind we are only talking about a $90,000 property so the percentage is significant. Our buyer cancelled over the $7000 increase on Friday and on the following Tuesday US Bank approved the US Bank Short Sale at $90,000. Fortunately we were able to get the same buyer back in but we almost had to start over with a new buyer because of the US Bank short sale department’s games.
As the never say die guys we pressed forward and will save another homeowner from foreclosure in spite of the US Bank short sale department
Is an 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 saleinformation. Call me today and sleep better tonight; you’ll be glad you did.
Our most recent US Bank Short Sale was, as is usually the case with US Bank, a challenge to say the least. In fact the only short sale we were not able to get approved in the past 12 months or so was a US Bank Short Sale and every other US Bank Short Sale had been a challenge so we knew what to expect.
In this case we had a true hardship and the seller had stopped making payments. The US Bank short sale department had actually closed our file twice for trivial reasons. I gotta tell you that I really think they do this on purpose to try and wear you down into submission and just give up which is crazy because US Bank and the underlying investor will lose 15-20% less on a US Bank Short sale than they will with a foreclosure.
Any way I digress… The last hurdle the US Bank short sale department threw at us was asking for $7000 more than the fair market value of the property. Now keep in mind we are only talking about a $90,000 property so the percentage is significant. Our buyer cancelled over the $7000 increase on Friday and on the following Tuesday US Bank approved the US Bank Short Sale at $90,000. Fortunately we were able to get the same buyer back in but we almost had to start over with a new buyer because of the US Bank short sale department’s games.
As the never say die guys we pressed forward and will save another homeowner from foreclosure in spite of the US Bank short sale department
Is an 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 saleinformation. Call me today and sleep better tonight; you’ll be glad you did.
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