Nationstar and Bank of America Forgive $135,500 in Mortgage Debt for Bellevue, WA Homeowner

Relocating for Work and Underwater on Home Mortgage, Homeowner Chooses Short Sale.

Home Short Sale in Bellevue due to job relocation, complicated by two mortgages

Job Relocation Forces Home Sale

Kevin was excited about relocating for his work, but he was in a bind when it came to his Bellevue home. He knew he needed to sell, but he had two mortgages and owed more than his home was worth.

Free Attorney Consultation Helps Clarify Options

Kevin contacted Washington Property Solutions to talk through his situation, and we were able to inform him that job relocation is a qualifying hardship for a short sale. We also scheduled Kevin for a free real estate attorney consultation so he could talk about the legal and financial implications of the options that were available to him. After discussing his various choices, Kevin opted to approach his lender about a short sale.

Short Sale Results in Nationstar Mortgage and Bank of America Forgiving $135,500 in Mortgage Debt

We were able to negotiate with both of Kevin’s lenders to approve a short sale and accept the proceeds of the sale as full and final settlement of his mortgage debt. Nationstar Mortgage wiped clean $52,000 in debt, and Bank of American forgave $83,000 in debt. Kevin will never have to pay any of the $135,500 in forgiven debt. And he had no out-of-pocket costs whatsoever throughout the entire process.

SHORT SALES RESULTS:

  • Short Sale Approved by Two Lenders
  • Full Satisfaction of $135,000 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
The Benefits of a Short Sale Over Foreclosure
Short Sale FAQs
More Testimonials from Our Clients
Read More Bellevue, WA Short Sale Success Stories

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