2011 has turned out to be a good year for my HAFA short sales. They seemed to move along quicker, so maybe that idea of "stream lining the HAFA process" has actually hit the Lenders.
This was a gorgeous little condo in Indian Creek Villas, in Palm Desert, California. Great location off of Hwy 74, which crosses the mountain from our desert floor over to San Diego. A short distance above our premier shopping area, El Paseo, (the deserts' Rodeo drive), and Hwy 111 is 5 minutes away. Hwy 111 is the artery connecting East Valley (La Quinta, Indio,) to West Valley, (Cat City & Palm Springs) and every city in between..such as Palm Desert, Rancho Mirage and Indian Wells.
Indian Creek Villa Condos sold at the peak for mid $200,000's and are short selling now for $75,000 or so. HOA's are only $225/month and include landscape and a community pool..and a stellar location.
This was a B of A Short Sale, and Seller had already applied for Loan Mod and been turned down...of course! Listed, offer in, negotiated, put into Escrow and recorded in 96 days. Would have been quicker, but the Buyer had a 45 day loan contingency.
Seller received their $3,000 relocation fee..which will help her move on with her life..success in the Short Sale world is twice as sweet!
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