Closed another Murrieta Short Sale with Two Loans Wells Fargo!
Recently closed another Murrieta short sale with two loans. The lienholder was ASC – Wells Fargo Bank which proved to be a challenge in the beginning because the 1st lien holder had higher than market price expectations. Unfortunately, early on in the process there was a drive by broker price opinion (BPO) done on the property and the “drive by BPO” never addressed all of the deferred maintenance and other repairs that were required on the home. Once we established and provided a good source of comparables (sold and active on the market) we were able to convince the 1st lien holder to agree on a more reasonable sales price and received approval on both loans in less than 60 days.
If you are still thinking that a short sale might be an option for you. We have closed many short sales in Canyon Lake, Murrieta, Menifee,Temecula, Lake Elsinore, Winchester and Wildomar.
Please call me I will answer your questions and if I cannot answer them I will find it for you.
Odalys Simon, RealtorPrincipal, Sales & MarketingGold Star Real EstateDirect 951.440.6029BRE. #01872442*Certified HAFA Specialist*Short Sales & Foreclosure Resource Certified*NAHREP member