$53,300 in Mortgage Debt Forgiven; $3,000 Cash Incentive Received
Underwater Homeowners Face Foreclosure
Jeff and Robbi W. had resigned themselves to the fact that they were destined for foreclosure. They couldn’t afford their home mortgage payments, and they owed more on their home that it was worth. Jeff and Robbi had made several attempts at talking to their lender about a home loan modification, but were denied. They even consulted with an attorney about a short sale, but were told they didn’t qualify. When a job relocation caused them to move out of state, Jeff figured that foreclosure was inevitable. Then a friend suggested that they talk to Washington Property Solutions.
Short Sale Allows Jeff and Robbi to Avoid Foreclosure
Initially Jeff was wary. He was worried that the process would cost them more time, money and frustration. And he worried how he would handle all the details from out of state. Finally Jeff decided it was worth a last-ditch effort to get the best possible outcome for letting go of their home.
The initial phone call brought good news. Contrary to the advice they had received before, Jeff and Robbi DID qualify for a short sale. And a short sale had a number of benefits over foreclosure. Washington Property Solutions assured the couple that they would manage the entire process: the application, legal concerns, sale of the home, and final paperwork. The couple decided to move forward. Washington Property Solutions was able to halt the foreclosure, find a buyer and get a short sale approved by their lender. The entire process from the first phone call to final closing took just a few months.
Nationstar Forgives $53,300 in Home Mortgage Debt
After just six days on the market, Washington Property Solutions had a buyer. They then were able to successfully negotiate a short sale with Nationstar, the couple’s lender. In addition, Washington Property Solutions was able to negotiate forgiveness of the $53,300 balance the couple owed on their home mortgage. The debt was permanently forgiven, so the couple will never have to worry about paying the difference. Jeff and Robbi paid nothing out of pocket to sell their home.
Jeff and Robbi Receive $3,000 Cash Incentive for Short Sale
There was more good news. By opting for a short sale instead of foreclosure, Jeff and Robbi qualified for $3,000 in relocation assistance. The money could be spent however they liked. With the short sale of their house completed, it was a great down payment on their fresh new start.
SHORT SALES RESULTS:
- Short Sale Approved
- Full Satisfaction of $53,300 in Mortgage Debt
- Debt Permanently Forgiven
- $3,000 Cash Incentive to Sellers
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 Bellevue, WA