Bank of America Short sale
Mortgage Balance $260,000 Fannie Mae loan
Sales Price $131,000
NET TO BofA $119,000
6% commission (Fannie Mae Loan)
Seller signed an unsecured note for $18,000 to be paid $100 per month no interest
Homeowner was an investor
Offer submitted to BofA on 7/29/09 , approved on 1/8/10
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