Short Sale Home Centreville VA – Citi & ASC (America’s Servicing Company) Approve Short Sale and Waive Deficiency!
Our client bought this home in 2004 during the height of the market for $555,000. The market supports a current sale price of $470,000 AND the seller’s lenders agree. So, they approved to short sale home Centreville VA AND waive the deficiency rights to the loan, meaning Citi Mortgage and ASC will NOT go after the seller for the unpaid balance on their mortgage. Here are the approval letters for your research purposes:
Citi Approval Letter (short sale home centreville va)
America’s Servicing Company (short sale home centreville va)
If you’d like more information on how we can help you in a similar situation, please feel free to call me at 703-400-6757 or email me directly at jennifer@jyhteam.com. Also, visit our short sale website at www.homerescuevirginia.com for details on what it means to short sale your home in today’s market.
Is a Short Sale right for me?
Mortgage lenders are increasingly willing to work with borrowers faced with a financial hardship to accept a discounted payoff on a mortgage. If you are faced with a hardship that makes it likely you will be unable to meet your obligation on your mortgage, your lender would prefer to settle the matter with you as opposed to taking the property through foreclosure.
As you consider the option of pursuing a Short Sale, remember your lender is looking to limit any potential loss on your loan. By completing a Short Sale, your lender has arrived at a solution that is, for them, much better than a foreclosure. Bottom line, your lender wants to work with you.
