Another Short Sale approved Today in La Quinta at 52255 Avenida Obregon !!!
This home has
3bdr/2ba, 1,414 square ft. . . . Enclosed front courtyard on this charming, clean, well-designed home
in the La Quinta Cove. Separated family room, very large kitchen with eat area, and a master bedroom that is opposite the two guest rooms and bathroom. Good flow! The laundry area is in the finished double garage. Fans throughout, beautifully maintained and very welcoming. The backyard is lush, green, cool, and has Western mountain views. There is even a storage shed in the backyard.
Short Sale was Listed to Acceptance . . . 81 days !!! Chase was the Lender.
Approximate note value of $207,000, Approved Sales Price of $135,000. In 2007, this home sold for $264,000 !!!
Sellers were incredible, as they got all of the required docs in very quickly.
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My Bermuda Dunes CC listing for a single-family HAFA Short Sale was Approved !!! This sizable home of 2,555sf at 42185 Caballeros Drive has 4 bedroom/3 bath and sits on an estate size lot of 10,454sf.
This home in Bermuda Dunes CC was Listed on 5/16 for $240,000… went into Back-up on 6/5…and was approved on 7/19… for $240,000! There was only one note with Bank of America and that was for approximately $284,000. That’s a Total of only 64 Days from List to Approval !!!
Not only was the accepted Sales price the same as the List price at $240,000, but the Seller will also receive a $3,000 HAFA Relocation Fee! The HAFA program is reserved for primary residences, but if you have moved out and can show you’ve lived in the home within the past 12 months, you may qualify. There are other restrictions, but a terrific program and a huge help to borrowers who have lost so much on their homes.
Only 64 Days from List to Approval? That’s why it’s important to work with a Listing Agent who knows Short Sales and has a proven track record of CLOSING their Short Sales. I List, Work and Negotiate my own Short Sales – I do not use a 3rd party to Negotiate for me. If your Agent is not working their own files then maybe they just have too many files..or even worse, don’t understand the short sale process?
Thinking about Short Selling your Home? Please give me a call for your free consultation. There is NO COST to you, for me to negotiate your Short Sale from list to close. Kim Kelly, Short Sale Specialist with HK Lane Real Estate in La Quinta.
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La Quinta Cove – Yes, another Short Sale submitted, just one note with Chase!
This home is so Cute, listed at $143,000, and is located at 52255 Avenida Obregon.
Built in 1993, this home has 3 bedrooms and two baths and has 1414 sf on a 4792 sf lot. You enter into its Enclosed Front Courtyard – and this home is charming, clean as a whistle and well designed and thought out. It boasts a separated Family Room and very large Kitchen with an Eating Area.
The Master Bedroom in this home is on opposite side of house from the two Guest Rooms and Bathroom, giving it a great flow. There are ceiling fans throughout, and home is beautifully maintained and very welcoming.
There is a finished double Garage with a Laundry Area within. The backyard is lush and green with ideal Western mountain views. The backyard even has a Storage Shed.
Deals like this one are still to be had in the Cove . . . if you are interested in buying or selling a home, contact Kim Kelly with HK Lane Real Estate in La Quinta. She Lists, Negotiates and SELLS her Short Sales !!!
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Short Sales could slow down if principles are reset..a good thing!
I’ve been saying this for the past 3 years or so..why not reset mortgage principles to say…Fair Market Value + 20%? When I ask my underwater homeowners if they’d stay in their homes if THEY could get the Short Sale value I’ve proposed to them, they always respond “Yes!”
This article from New York Times today hits on this idea in San Bernardino County..which has just declared bankruptcy by the way, so might be a good place to test this eminent domain idea.
The stumbling block is always the same…the bankers get their skirts blown up “even thinking about letting the governement step in to take control of our mortgages.” Well..somebody has to! If the Banksters want to continue to set their own mortgages, why not work out a program with the current homeowners to keep them in their homes? Turn a non-performing asset into a performing one??? The reason could be that the Banksters do not want to report the TRUE VALUE of their assets to their prized shareholders until they are good and ready. Hey..a little coloring outside the lines for the Banksters is nothing new, right???
Until Mortgage values are reset, if you are underwater, give me a call for your free Short Sale consultation..760-285-3578.
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