Hi, I am Josie Apodaca with Keller Williams Realty, your Colorado short sale specialist. Today I wanted to talk about another Bank of America short sale we just recently closed. On this particular file, the homeowner owed a little over $220,000 on the property. The deficiency or the amount that the bank was willing to accept was $88,000 less than that. Thankfully we were able to come to terms with the bank so that they would waive the deficiency. This means that once the short sale closed, they will not be able to pursue the seller for any further amounts from the sale of that property.
Also the seller received $3,000 back at closing to comply to the short sale and to help with moving costs. There are incentives like this going on with several lenders, so it is definitely something worth checking into. So if you are facing foreclosure or are interested in learning more about short sales, please give me a call today. I would be happy to help you answer any questions about foreclosure, short sales or the short sale process in general. My number is 720-241-5180 or you can visit our website at www.myshortsaleco.com. I will get back to you as soon as possible so we can set up a time to meet and discuss your particular situation.
Again, I am Josie Apodaca with Keller Williams, your Colorado short sale specialist and I am here to help. Please contact me today so I can help you decide if a short sale is right for you. If not, we can look at your other options. Thanks a lot and have a great day.