This Cape Coral home under contract within the month. Looking forward to helping another homeowner in distress!
Initially this short sale was listed on September 15, 2011 and was serviced by Bank of America. The complete short sale package was sent to them within a month of acceptance of the buyer's offer. Almost immediately the servicing rights were transferred to Seterus. I had to start over and resent the package to Seterus. They had additional forms that needed to be notarized and completed in addition to setting the account up in their system. The borrower/seller lived in another state and it would take him a little time to return documents back to me. This delayed the process about 3 weeks. Once we had it all worked out it took 60 days to approve and 1 week to close from the time of seller's acceptance of the short sale approval letter. This house was the seller's second home and he was planning to use it as a retirement home. Unfortunately he lost his job, a common story now days.
A short sale is usually better for the borrower, the bank/investor and the neighborhood. In a short sale situation the borrower/seller can rebuild his credit faster, the bank/investor mitigates its losses and it helps neighborhood values from further declining.
If your home is worth less than what you owe on it you have options. Take the first step and meet with me. In a short sale scenario, the lender usually pays closing costs, agents' commission and in the best case scenario the investor/lender may forgive you for the deficiency.
Give me a call now at 239-313-0710 to get started on the path to recovery or complete this form and I will get back to you within 24 hours. Help is available all you need to do is ask.