Wells Fargo Forgives Out of State Homeowners $90,000 in Home Mortgage Debt in Pacific, WA Short Sale

Job Relocation Allows Homeowners to Get Debt Permanently Erased

Home Short Sale in Pacific, WA due to job relocation
We live in California and sold our house in Washington State, and we didn’t have to worry about a thing. Richard took care of all the details from start to finish.
Jodee and Robert A., Homeowners, Pacific, WA

Underwater Homeowners Try to Rent Property

When Jodee and Robert A. relocated from Washington State to California for work, they needed to decide what to do with the home they owned in the small Pierce County town of Pacific, WA.

The couple owed more on their home mortgage than their house was worth, so a standard sale wasn’t an option. They decided to try renting it out. While they found a renter quickly, the monthly rent check didn’t cover their mortgage payment. As Jodeee and Robert struggled to make up the difference each month, they soon realized that they couldn’t afford both their living expenses in California, and their mortgage payment in Washington.

Jodee and Robert Avoid Foreclosure with Short Sale

Jodee and Robert realized they couldn’t keep their home. Their priority was to minimize the financial impact of any solution. The couple contacted Washington Property Solutions, and scheduled a free consultation with a real estate attorney. They discovered that a short sale had a number of benefits over foreclosure. They also learned that their hardship – job relocation – qualified them for a short sale. Their only concern was that they lived out of state. How would they be able to deal with all the details? Washington Property Solutions assured them that they would handle everything for them. Jodee and Robert decided to approach their lender about a short sale.

Wells Fargo Wipes Clean $90,000 in Home Mortgage Debt

After just 12 days on the market, Washington Property Solutions had a buyer and was able to successfully negotiate a short sale with Jodee and Robert’s lender. Wells Fargo agreed to accept a purchase price of $175,000 for the home and forgive the remaining $90,000 balance. The debt was permanently forgiven, so the couple will never have to worry about paying the difference. And Jodee and Robert paid nothing out of pocket to sell their home.

SHORT SALES RESULTS:

  • Short Sale Approved
  • Full Satisfaction of $90,000 in Mortgage Debt
  • Debt Permanently Forgiven

If you’re underwater on your home mortgage and need to sell, it’s essential to have the right broker advocating on your behalf. Short sales are complicated transactions. Working with a broker experienced specifically in the short sale process in Washington State ensures your sale will go smoothly.

Washington Property Solutions is the state’s leading short sale solution provider.

We offer a proven success rate, a team of seasoned Windermere short sale experts, and a depth of experience with lenders across the country that is unmatched. The bottom line: We get your home sold.

Call us at 425-381-2233, or email us
to schedule your no-cost, confidential, short sale consultation

Other helpful resources:

About Our Free Attorney Consultations
Information about the HAFA Program
Benefits of a Short Sale Over Foreclosure
Short Sale FAQs
More Testimonials from Our Clients
Read More Short Sale Success Stories in Pacific, WA and Pierce County

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