Two more Short Sales CLOSED; one in La Quinta and the other in Indio. Short Sales DO close if you choose the right Listing Agent.
Short Sale CLOSED in La Quinta, Calif.: Listed in August..CLOSED in November.
Bank of America, primary home, one loan
Note Value: $252,000
Sold for $150,000..that’s about 60 cents on the original dollar! Conventional Loan with 20% down. Great family home with a lovely pool.
Short Sale CLOSED in Indio, Calif.: Listed in August, CLOSED in November
Chase, primary home, one loan. The hitch was that the Sale Date was set for two weeks from the day I listed the property. Oh, and one more thing. Tenant in the home who was not happy, so the offer was written “contingent upon interior inspection”.
Note Value: $385,000
Sold for $234,000.. Buyers used a VA loan..unusual for a Short Sale! Another great home built in 2005, with a pool/spa in a gated community.
These were both relatively straight forward, because they were primary residences with only one loan involved and no Mortgage Insurance.
If you are nearing your Sale Date, or perhaps not, but want to learn about the possibility of doing a Short Sale, give me a call. Free, discreet property consultation and I don’t use a third party negotiation company! You WILL know where you stand with your Short Sale when you list with me!