Underwater Homeowner in Bonney Lake, WA Gets $93,300 in Home Mortgage Debt Forgiven After Divorce

Seterus and BSI Financial Both Forgive All Debt; Homeowner Receives $3000 Cash Incentive

Home Short Sale in Bonney Lake, WA due to divorce
Richard and his team were great from beginning to end. They provided up to date information on any changes to my short sale and made the process very simple.
Anjeanette, Homeowner, Bonney Lake, WA

Divorce Forces Underwater Home Sale

In the middle of a divorce, Anjeanette would have loved the stability of staying in her Bonney Lake, WA home. That was always her plan, but after her husband moved out she soon realized that she just couldn’t afford to make the home mortgage payments on her own. As difficult as the decision was, she knew she needed to sell her house. She also knew that the mortgage debt on the home was much more than the home was worth. Anjeanette was seriously underwater on her home mortgage.

Underwater Homeowner Avoids Foreclosure with Short Sale

Finances were already really tight, and Anjeanette knew she would be starting a new life. She was hoping to avoid the negative impact a foreclosure has on credit. After meeting with Washington Property Solutions, Anjeanette discovered that her divorce was a hardship that qualified her for a short sale. To make sure she was making the best possible decision, she scheduled a free attorney consultation, which is part of the no-cost service we offer. Anjeanette decided to approach her lenders about a short sale.

Seterus and BSI Financial Wipe Clean $93,300 in Home Mortgage Debt

A short sale is always more complicated than a traditional sale, and when there are two home mortgages with two different lenders it gets even more complex. That was Anjeanette’s situation. She had underwater home mortgages with two lenders – Seterus and BSI Financial. In order for a short sale to be approved, both lenders would have to agree to the terms of the sale. Washington Property Solutions was able to negotiate with Seterus and BSI to approve a short sale and forgive 100% of the remaining debt. Anjeanette was freed from every having to pay the remaining $93,300 in mortgage debt. And she paid nothing out-of-pocket for our service.

Homeowner Receives $3,000 in HAFA Cash Incentives

In addition to being free from all her mortgage debt, Anjeanette also received a check for $3000 as part of the federal government’s Home Affordable Foreclosure Alternatives (HAFA) Program. HAFA provides cash incentives to encourage homeowners to do a short sale and avoid foreclosure. It can be spent however she sees fit.


  • Short Sale Approved by Two Lenders
  • Full Satisfaction of $93,300 in Home Mortgage Debt
  • Debt Permanently Forgiven
  • $3000 Cash Incentive Paid to Homeowner

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 Bonney Lake, WA Short Sale Success Stories

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