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.
Jennifer Young Homes’ 10th Annual Coat Drive: Spreading Warmth and Joy This Holiday Season
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