Just Closed Another Short Sale in Upper Marlboro.
TO BUY A HOME : Call 301-613-2043
TO SELL A HOME: Call 301-613-2043
Keji & Associates of Fairfax Realty, Inc a Real Estate Agent
Team, Closes Another Short Sale In Upper Marlboro Maryland- May 2015
This
two level one car garage townhouse condo in Upper Marlboro was
sold for $140,000 ,about $100K less than
was owed on the townhouse. This
townhouse in Upper Marlboro was listed for sale in February 2015 for $135,000
as a short sale, however the owner of this townhouse was not late or behind on
the mortgage payment, but need to move and because the value is drastic
less than was owed the only option is a
short sale.
A first
time buyer offered $140,000 for this lovely townhouse condo in Upper
Marlboro and the short sale lender
accepted the offer and also allowed $4200 closing help. The seller in return got a
full deficiency waiver, that is will not be responsible for the difference
between what was owed and what the property sold also because the seller was
not in default of the mortgage payment , he qualified to buy another a house
immediately.
The home buyer of this
short sale in Upper Marlboro is a first
time home buyer and will be paying less than $1000.00 per month in mortgage
payment. The buyer waited patiently for
90 days to get the short sale approved, as with all short
sale it takes time to get them approved.
The seller of this short sale needed to
move because of job and a bigger house, but because the value is less than what
was owed the only option is to sell the house short sale.
Details:
Address:
14711 HAMPSHIRE HALL CT #206,
UPPER MARLBORO, MD 20772
Outstanding Loan
Amount: $245,900
Short Sale Amount:
$140,000
Net Amount to HSBC: $ 126,765.83
Amount Forgiven:
$119,135
Related Article:
The home owner
contacted Keji & Associates to process and negotiate a Upper Marlboro
short sale on their behalf. The process was very tedious, but working
with a knowledgeable team, a comprehensive marketing plan and a detailed
title company, Keji & Associates successfully got the short sale approved
to close the house. As with all short sale process, all the parties
involved must be willing and ready to corporate to provide all the documents
that are required and buyers of short sale must be patient and willing to
purchase the home at what the bank considers a fair market value based on their
appraiser. The seller decided to do short sale rather than allow another
foreclosure in Upper Marlboro and in turn was able to buy another property
immediately because