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.

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.

 

 

5117D TRAVIS EDWARD WAY #D 
CENTREVILLE, VIRGINIA 20120

Price: $199,000

1 Bedrooms, 1 Bathrooms

754 Square Ft

Listing # FX8271802

 Centreville VA Short Sale

Fabulous one BR condo in great location! Security gate, gleaming hardwood floors, 9′ ceilings, built-in desk, living room leads to balcony, dining room with built in bookcases. Kitchen has gas cooking, updated bathroom in unit. Large bedroom with walk-in closet. Washer & dryer in unit. Terrific amenities include 24 hour business center, pool, state of the art exercise facility. Water & sewer included in condo fee. Easy access to I-66, shopping & more!

 

See more at: http://idx.searchfornorthernvirginiahomes.com/idx/9321/details.php?idxID=089&listingID=FX8271802#sthash.Lnc4prqb.dpuf

 

Virtual Tour: http://slideshow.mris.com/slideshow/slideshow.htm?ListingKey=98557044019

 

We can help you too! If you know anyone who might need our Centreville VA Short Sale Help, call me at 703-400-6757 or email me at jennifer@jyhteam.com.

Will my lender approve my short sale if I’m not behind on my mortgage?

Lenders have been known to approve a short sale when the borrower was current on their mortgage. Typically, lenders do not want to consider a short sale if they’re still getting paid on time, but there is no reason not to try to push a short sale though. In this case, call me and we can talk about your options.