Working on one now- any info would be helpful. Thx.
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Working on one now- any info would be helpful. Thx.
You need to be a member of Short Sale Superstars to add comments!
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Who is the 1st mortgage and is the WF Heloc mortgage charged off? WF Heloc liens are worked outside of equator the traditional route. It will vary on several factors on the amount they are looking for as a payoff.
Brett@ishortsalenow.com
310-564-6389
www.ishortsalenow.com
The 1st: is WF HELOC (only loan). Last stage of the short sale- was told by the negotiator- it is in the 2nd underwriter level review- everything is needed- and in. Already came back a few times asking for things- that were already there. Pay off is around 190K. Appraisal came in at 152K. Cash Offer of 140K.
Your offer is on the lower end of their guidelines likely, but in my experience there is a good chance it may be approved. Ultimately it will be up to managements decision. Based off the information you provided seemingly the file is very close to being submitted for short sale approval review.
Thank you.