Short Sale in Indian Wells, Calif......APPROVED! Just received my approval letter yesterday on this one. From List to 8/15 COE will be approx. 120 days. It is intriguing to me how some Short Sales sail along and others..seemingly very similar to my eyes, get stuck. This one is a vacation home for my Seller. He has two loans with Bank of America.
Primary Loan: $417,000 due
Second: $206,000.
APPROVED Sales Price: $465,000.
I wrote a blog yesterday about how much power the Negotiator assigned to your file, wields in the completion of the approval and eventual CLOSE of a Short Sale. This is proof positive. My negotiator was fantastic, and I sent her boss an e-mail about how well she handled my clients' file. Professional, communicative, on top of the file from the get go..and here we are..almost done. Wish I could request her again..
The other thing is that the loans were linked. The second had not been cut up and sold, and most importantly, no MI.
I list, work and CLOSE these babies...
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