Underwater Condo Owner in Kent, WA Has $66,500 in Home Mortgage Debt Forgiven After Divorce

After Denying Home Loan Modification, Ocwen Forgives All Debt; $2000 HOA Lien Settled

Condo Short Sale in Kent, WA due to divorce and denial of home loan modification

Divorce and Denied Loan Modification Lead to Home Mortgage Default

Lisa and her husband planned to live in their Kent, WA condo for many years. But when they made the tough decision to divorce, life got complicated. Lisa moved out, and their plan was to have her husband receive the condo as part of their divorce settlement. Unfortunately, he lost his job and was unable to make the home mortgage payments. He tried to get a home loan modification with his lender, Ocwen, but that fell through. Lisa did everything she could to pay off the amount owed to the lender, but she soon had depleted all of her financial resources. Lisa knew that they had to get out from under the home mortgage debt, but they owed more on their condo than it was worth, so a conventional home sale was not an option.

Homeowner Avoids Foreclosure with Short Sale

When Lisa met with Washington Property Solutions, we let her know that every client receives a free attorney consultation as part of our service. After talking with our attorneys, she decided that she wanted to avoid the negative impact a foreclosure has on credit. She also learned that her divorce qualified her for a short sale. Lisa decided to pursue a short sale.

$2000 HOA Lien Settled

There was an additional complication in Lisa’s short sale request. She had a lien for $2,000 from her Homeowners Association for unpaid dues. If the HOA has a lien on your home, it will have to release it in order for the short sale to go through. Washington Property Solutions was able to negotiate with the buyer and come up with the funds needed to pay off the lien so the short sale could move forward.

Ocwen Forgives $66,500 in Home Mortgage Debt

With the lien out of the way, Washington Property Solutions was able to negotiate with Ocwen to approve a short sale and permanently forgive all of Lisa’s remaining mortgage debt. She would never have to pay the remaining $66,500 that was owed after the sale of her condo. Lisa paid nothing out-of-pocket for our service.


  • Short Sale Approved by Ocwen
  • Full Satisfaction of $66,500 in Home Mortgage Debt
  • $2,000 HOA Lien Settled
  • 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
The Benefits of a Short Sale Over Foreclosure
Short Sale FAQs
More Testimonials from Our Clients
Read More Kent, WA Short Sale Success Stories

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