We just successfully closed another short sale.
This was a Wells Fargo short sale.
The seller only had one lender, but 2 loans. Since they had 2 loans with the same bank this was easier to negotiate than some.
Because this home was financed with 2 loans, there was PMI. The PMI company is where the trouble arrises. Fortunately we were able to negotiate with the PMI company and the sellers only had to pay $5000 in a zero percent note, payable over 5 years. This rid them of $625,000of debt.
Do you need help with a short sale in Northern CA?
Call today – we promise to tell you the truth, not just what you want to hear.
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