Feb 26, 2014

Short Sale Expert Virginia – Wells Fargo Approves Another Short Sale in Centreville, VA! These homeowners bought in 2006 for $420,000 and now the market dictates they sell for only $355,000. We helped them get their short sale approved in just 2 months with their lender, Wells Fargo. WF has agreed to accept less than what the seller owes on the 2 mortgages they have and they’ve agreed to waive the deficiency of what is still owed (deficiency waiver). It’s very important to demand a deficiency waiver in your short sale approval letter, otherwise the lender technically has the right to purse you after closing. Most times, they will sell the note on what you owe to a 3rd party collector for pennies on the dollar. For more info on how we can help you avoid this and get away from your upside-down mortgage, call me today at 703-400-6757 or email me at jennifer@jyhteam.com. I am happy to talk with you at length about your options!
Here are the approval letters on this specific short sale:
Wells Fargo 1st Trust Approval Letter
Wells Fargo 2nd Trust Approval Letter
Also, if you’d like to find out more about the short sale approval process specific to WELLS FARGO, click here.

Read Next

Jennifer Young Homes’ 9th Annual Coat Drive

Jennifer Young Homes’ 9th Annual Coat Drive

Jennifer Young Homes’ 9th Annual Coat Drive It's officially fall and the season of giving is here! As such, it’s time for Jennifer Young Homes’ annual coat drive for the underprivileged in Eastern Prince William County. We feel extremely fortunate to be in our 9th...

Buying and Selling Homes Safely During COVID-19

Buying and Selling Homes Safely During COVID-19

The real estate market is still strong and online tools are now becoming the norm. While the home-buying process looks a little different in many places right now, people are continuing to buy and sell safely. In some places, temporary business closures are affecting...

What Will Homes Look Like In A Post-pandemic World?

Better family gathering space. More comfortable bedroom space. Peaceful and private outdoor space. If those items tick your preferred “quarantine home” boxes, we get it.  The truth is that being stuck at home—in a home you don’t necessarily love—stinks. So, we...