Just Sold another Short Sale in Lanham, MD 8608 Saffron Dr
Keji & Associates
of Fairfax Realty, Inc a Real Estate Agent Team, Closes Another Short
Sale In Lanham Maryland- September 2015
To Sell Call Keji @ 301-613-2043
Keji & Associates,
experienced short sale agents at Fairfax Realty, Inc has helped
another seller avoid foreclosure by successfully selling the house short sale in Lanham, MD. Keji &
Associates, specializing in Short Sales has successfully closed another short
sale transaction with only one lender (Ocwen Loan services). The lender a accepted a short amount on this Lanham detached
house, saving the seller from becoming another Maryland Foreclosure statistic.
This large detached 4
level house on Saffron dr in Lanham was sold for $245,000 in September 2015. The seller of this house initially had it for
sale with another Real Estate agency for $290,000 for about 8 months and did not get sold.
To avoid foreclosure
the sellers decided to file bankruptcy with the intention of disposing the
house, however once the sellers bankruptcy was discharged the lender again
started sending them collection letter.
I contacted the sellers
once the house is now off the market and explained to them the process of
selling the house short sale since there was no plan after they emerged from
bankruptcy to dispose of the house.The sellers finally understand that filling
bankruptcy is not going to take a house off their name without a plan of action
after discharge.
The house was again
listed by Keji & Associates of Fairfax Realty in May
2015 for $245,900, and in 7 days there were multiple offers. The sellers selected
the best offer that will close and the buyer got a good deal with this large
detached house in Lanham.
The lender (Ocwen Home Loan Services) approved
the short sale within a month and the sellers in return got a full deficiency
waiver, that is they will not be responsible for the difference between what
they owe and what the property sold for .
The home buyer of this
short sale in Lanham is a move up buyer that understand the short sale process
and able to wait to get the short sale approved, as with all short sale it
takes time to get them approved.
The sellers on Saffron Dr in Lanham were in default for over one year facing foreclosure in Lanham
with an outstanding balance of $389,,000 .They've tried unsuccessfully to
modify the loan, sell it with another broker, filled bankruptcy all with no
success.
The home owner finally
agreed to allow Keji & Associates to
process and negotiate the Lanham 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 Lanham in hopes of
recovering quickly credit wise and have the ability to purchase another
house in 2 years
Keji
& Associates of Fairfax Realty, a top team of short sale specialist has put
together a comprehensive team to assist home owners facing foreclosure. Home
owners who are facing foreclosure can request a no obligation
consultation with them to discuss their needs. Additionally, the team has
created a custom package tailored to each mortgage lender
and servicers allowing the homeowners to complete the required document
quickly.
Many
homeowners in the metro area and surrounding areas are facing true
hardships that force them to consider a Short Sale rather than face
foreclosure.
Related Article:
Many
Lanham mortgages still exceed the fair market value of the property. Negative
equity is an increasing problem in Maryland, but it is excessive in Prince
George's county. With the price of homes not
increasing as it did back in 2006 and
many
home sellers have no choice but negotiate with the bank to take less than what
they owe also known as short on the sale of the property. The seller will need
to prove a hardship to the bank which could include loss of income, health
issues, divorce , excessive use of credit and other various situation that make
it impossible for home owner to continue paying the monthly mortgage. The
homeowners hires a Real Estate Agent ,such as Keji & Associates , Short
Sale Agents to sell their home and work with the bank to accept the current
market value.
Related
Article:
Keji & Associates
of Fairfax Realty specializes in Silver Spring, Bowie, Fort Washington, Silver Spring Real Estate,
short sales and Silver Spring Foreclosures.
Contact:
Keji & Associates
of Fairfax Realty,Inc
10210 Greenbelt Rd #120
Lanhham, MD 20706
301-613-2043
301-794-9400