PNC Short Sales. Just
saying the phase out load brings shivers up the spine of many West Sacramento Short Sale specialists –
mine included. PNC is known for being tough on a West Sacramento Short Sale negotiation,
especially a home equity line of credit or HELOC second. We just received
approval on just such a file.
While all files are
important this one was near and dear to me personally. It was a referral from
another agent whom I have a lot of respect for. The seller was her nephew and
so the pressure to get the file approved was turned up a couple of notches to
say the least. Now remember we have right at a 95 or 96% success rate with
short sales so it’s not like we lose many, but we were determined not to let
this one get away.
The seller owed over
$110,000 to PNC. True to form the PNC Short Sale department started the bidding
at 20% then said they would settle for 10%. The trouble was the first was only
offering $8,500. As the never say die guys we pressed for a response from the
investor and low and behold we got the approval at $8,500 with no additional
buyer contribution! I cannot tell you how surprised I was. This seller is going
to be able to walk away from nearly $500,000 in total debt with no liability
for the unpaid balance and because of his situation and the Debt Forgiveness
Act, no liability for the taxes on the forgiven debt. PLUS a new homeowner gets
the home of their dreams. A true win for all.
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
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. PNC Short Sale Success
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