Fairfax Realty,Inc
Keji Ogunleye
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

 

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