Another Successful CLOSING in the Palm Springs Valley, Calif.

This Bank of America Short Sale was difficult not due to the Lender..but rather the Buyer!  A real lesson in why a Short Sale Buyer should always use a local Lender for their loan.  The Lender MUST know the local market and inventory.  But..I got it CLOSED anyway!

Original note Value:  Approx. $415,000

Short Sale Price:  $240,000

HAFA short sale meaning the Seller received $3,000 in relocation fees which was a tremendous help since they had spent almost $45,000 on improving the home approx. 3 years ago.  Things change in peoples' lives..often without any warning and that mortgage that was manageable suddenly becomes unmanageable!

List to Escrow:  Approx. 4 months.

Short Sale questions?  Call me for your FREE property consultation.  760-285-3578.

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Comment by Steven Angelil on October 22, 2012 at 8:19am

Congrats on the closing.  I'm curious as to what happened w/ the online lender.  I sing the same tune to my clients, always use a local lender!  However, I have had people close using out of state lenders.  It just is not nearly as smooth a process for all involved.

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