Thursday, July 21, 2011

Short Sale Success Story: Condo Investment Property Including HOA Dues Phoenix, AZ






We negotiated this short sale and obtained bank short sale approval for a condo in Phoenix, AZ. The owner bought it as an investment for $220,000, obtaining a mortgage on the property for $180,000. As a result of declining market value immediately after the purchase, the owner soon found herself owing more than the property was worth. Adding to the financial misery was the fact that the rent paid by tenants didn’t cover the expenses. She was on the road to foreclosure. I Short Sale, Inc. negotiated the short sale for $74,000 and negotiated a settlement of unpaid homeowner's association dues of over $5,000 to give the owner a fresh start.

Contact us at 877-907-4678 or info@ishortsale.com

Lender references have been removed from the above to protect lenders' proprietary rights

Short Sale Success Story: Short Sale Avoids Foreclosure When Lender Declines Modification Offer - Santa Monica, CA





We negotiated this short sale and obtained this bank short sale approval for a beautiful five bedroom home not far from the beach in Santa Monica, CA. The owner bought this house in 1997, invested more than $2,000,000 in remodeling it and later refinanced with a $2,700,000 1st loan and a $360,000 HELOC. The owner experienced a decline in income during the last few years, tried to obtain a modification but was declined by the lender. The owner was unable to maintain the house and the mortgage payments. He drained all his cash reserves and had to stop making payments. He was on a route to foreclosure. I Short Sale, Inc. negotiated the short sale for $2,200,000 and negotiated a settlement of $60,000 to satisfy the 2nd lien.



Contact us at 877-907-4678 or info@ishortsale.com

Lender references have been removed from the above to protect lenders' proprietary rights.

Sunday, July 17, 2011

Short Sale Success Story: Condo Investment Property - Salinas, CA


We negotiated this short sale and obtained bank short sale approval for a condo in Salinas, CA. The owner bought it as investment for $305,000 obtaining a mortgage on the property for $220,000. As a result of declining market value immediately after the purchase, the owner soon found herself owing more than the property was worth. Adding to the financial misery was the fact that the rent paid by tenants didn’t cover the expenses. She was on the road to foreclosure. I Short Sale, Inc. negotiated the short sale for $155,000 to give the owner a fresh start.

Call us. 877-907-4678 or info@ishortsale.com

Lender references have been removed from the above to protect lenders' proprietary rights.

Short Sale Success Story: Bank Short Sale Approval - Palo Alto CA


We negotiated this short sale and obtained a bank short sale approval for a house in Palo Alto, CA. The owners bought this house as a primary residence in 2004 for $320,000 and obtained a mortgage for $280,000. Due to loss of jobs, the family had to cut down their expenses. Soon after, the couple fell behind on the mortgage payments. The couple was on a route to foreclosure. I Short Sale, Inc negotiated the short sale for $180,500 to provide the owners with a fresh start, free of debt.

Call us at 877-907-4678 or info@ishortsale.com

Lender references have been removed from the above to protect lenders' proprietary rights.

Thursday, July 14, 2011

Short Sale Success Story: Negotiation on Both 1st and 2nd Liens -- Encino, CA


We negotiated this short sale and obtained a bank short sale approval for a house in Encino, CA. The owners bought this house as an Investment property in 2004 for $1,400,000, obtained financing with two loans totaling for $1,370,000. Later, the owner obtained permits to split the lot so she could build a 2nd house on the lot. Unfortunately, the market took a dive and the owner couldn’t raise the necessary cash to complete the constructions. It came to a point that the owner was “bleeding” over $12,000/month after leasing the house for $4,000/month. The owner drained all her cash reserves and had to stop making the payments. She was on a route to foreclosure. I Short Sale, Inc negotiated the short sale for $810,000. The 1st lien holder’s balance was over $1,000,000. The 2nd lien holder balance was $370,000 with a deficiency rights. All lien holders were agreed to the losses so the owner could sell the place and have a fresh start clean from no debt. Call us 877-907-4678 or info@ishortsale.com

Lender references have been removed from the above to protect lenders' proprietary rights.

Short Sale Success Story: Lake Front 2nd Home Property – Tarpon Springs, FL


We negotiated this short sale and obtained bank short sale approval for a beautiful house by the lake in Tarpon Springs, FL. The owner purchased it as a 2nd home for $720,000 obtaining a mortgage on the property for $680,000. The Recession took its toll on the owner’s business, and eventually and he had to shutter his auto outlets. He could no longer afford his home and stopped make mortgage payments. He was on the road to foreclosure, with and a deficiency judgment against him as legally allowed in Florida. I Short Sale, Inc. negotiated the short sale for $390,000 and negotiated a settlement of unpaid homeowner association dues of over $6,000 so the owner could sell the the property and gain a fresh start free of debt. The lender waived all deficiencies against the owner.

Contact us at 877-907-4678 or info@ishortsale.com

Lender references have been removed from the above to protect lenders' proprietary rights.

Sunday, July 3, 2011

Short Sale Success Story: Negotiation on Both 1st and 2nd Liens -- Woodland Hills, CA













We negotiated this short sale and obtained a bank short sale approval for a house in Woodland Hills, CA. The owners bought this house as a primary residence in 2004 for $1,400,000 and obtained financing with two loans totaling for $1,000,000. About two years ago, the husband lost his job and the family had to cut down their expenses. Following after, the couple fell behind on the mortgage payments. The couple was on a route to foreclosure. I Short Sale, Inc negotiated the short sale for $785,000. The 1st lien holder’s balance was $1,000,000. The 2nd lien holder balance was $350,000. All lien holders were agreed to the losses so the owners can sell the place and have a fresh start clean from no debt. Call us 877-907-4678 or info@ishortsale.com



Lender references have been removed from the above to protect lenders' proprietary rights.

Short Sale Success Story: Condo Investment Property Including HOA Dues -- Las Vegas, NV








We negotiated this short sale and obtained bank short sale approval for a condo in Las Vegas, NV. The owner bought it as investment for $640,000 and obtained a loan for $580,000. Immediately after the purchase she was upside down due to the declining market. It came to a point that she was “bleeding” since the rent paid by tenants didn’t cover the expenses. She was on a route to foreclosure. I Short Sale, Inc. negotiated the short sale for $220,000 and negotiated HOA dues of over $20,000 so the owner can sell the place and have a fresh start clean with no debt. Call us 877-907-4678 or info@ishortsale.com



We crossed out the lender’s name to protect lender’s proprietary rights.

Short Sale Success Story: Short Sale the Cure for Job Loss Plus HAFA Incentive Payout - Los Angeles, CA




We negotiated this short sale and obtained a bank short sale approval for a house in Los Angeles, CA. The owners bought this house as a primary residence in 2005 for $710,000 and obtained a 100% mortgage for $710,000. Due to loss of jobs, the family had to cut down their expenses. Following after, the couple fell behind on the mortgage payments. The couple was on a route to foreclosure. I Short Sale, Inc. negotiated the short sale for $430,000 so the owners can sell the place and have a fresh start clean from no debt. We also negotiated the sale to be a HAFA incentive and the homeowners could obtain a $3,000 check from the bank. Call us 877-907-4678 or info@ishortsale.com



Lender reference have been removed from the above to protect lenders' propietary rights.

Short Sale Success Story: Bank Short Sale Approval PLUS $3,000 to Owners -- Livermore CA








We negotiated this short sale and obtained a bank short sale approval for a house in Livermore, CA. The owners bought this house as a primary residence in 2004 for $630,000 and obtained a mortgage for $567,000. Due to loss of jobs, the family had to cut down their expenses. Following after, the couple fell behind on the mortgage payments. The couple was on a route to foreclosure. I Short Sale, Inc negotiated the short sale for $490,000 so the owners can sell the place and have a fresh start clean from no debt. We also negotiated the sale to be a HAFA incentive and the homeowners could obtain a $3,000 check from the bank.


Call us 877-907-4678 or info@ishortsale.com


Lender references have been removed from the above to protect lenders' proprietary rights.

Short Sale Success Story: Short Sale as a Result of Job Relocation --- Los Angeles, CA








We negotiated this short sale and obtained a bank short sale approval for a house in Los Angeles, CA. The owner bought this house as a primary residence in 2005 for $725,000 and obtained for $650,000. The owner had to relocate to another state due to job relocation and couldn't maintain two properties. Shortly after she moved, she fell behind on the mortgage payments. The owner was on a route to foreclosure. I Short Sale, Inc. negotiated the short sale for $490,000 so the owner could sell the place and have a fresh start clean from no debt. Call us 877-907-4678 or info@ishortsale.com




Lenders reference has been removed from the above to protect lenders' proprietary rights.



Short Sale Success Story: Short Sale Saves Investor on New Home Construction -- Santa Monica, CA






We negotiated this short sale and obtained this bank short sale approval for a construction site in Santa Monica, CA. The owner bought it as investment for $2,000,000 and obtained a loan for $1,550,000. The owner had plans to build a beautiful house. Unfortunately, the market took a dive and the owner couldn’t raise the necessary cash to complete the constructions. It came to a point that the owner was “bleeding” over $15,000/month for nothing. He drained all his cash reserves and had to stop making the payments. He was on a route to foreclosure. I Short Sale, Inc negotiated the short sale for $875,000 so the owner can sell the place and have a fresh start clean from no debt. Call us 877-907-4678 or info@ishortsale.com





Lenders reference has been removed from the above to protect lenders' proprietary rights.

Saturday, July 2, 2011

Short Sale Success Story: Short Sale Provides Favorable Settlement on 1st and 2nd Liens when Husband Losses Job - Madison, CT






We negotiated this short sale and obtained a bank short sale approval for a house in Madison, CT. The owners bought this house as a primary residence in 2004 for $700,000 and obtained financing with two loans totaling for $560,000. About a year ago, the husband lost his job and the family had to cut down their expenses. Following after, the couple fell behind on the mortgage payments. The couple was on a route to foreclosure. I Short Sale, Inc negotiated the short sale for $475,000 with the 2nd lien holder taking $38,000 out of a $123,000 loan while the 1st lien was a full pay-off so the owners can sell the place and have a fresh start clean from no debt.


Call us 877-907-4678 or info@ishortsale.com


Lenders reference has been removed from the above to protect lenders' proprietary rights.


Short Sale Success Story: Homeowners avoid foreclosure caused by job loss -- Fremont, CA






We negotiated this short sale and obtained a bank short sale approval, enclosed, for a house in Fremont, CA. The owners bought this house as a primary residence in 2004 for $620,000 with a mortgage of $558,000. Due to an unexpected job loss, the couple fell behind on the mortgage payments and found themselves facing foreclosure. I Short Sale, Inc negotiated the short sale settlement of $440,000 to give the owners a fresh start.


Call us 877-907-4678 or info@ishorsale.com


Lender references have been removed from the above to protect lenders' proprietary rights.



Short Sale Success Story : Underwater investment property -- West Hollywood CA





We negotiated this short sale and obtained a bank short sale approval for this West Hollywood Triplex. The owner bought it as investment for $1,000,000 and obtained a loan for $975,000. Immediately after the purchase, a drop in property values as a result of a declining market whittled away at the equity until the owner owed more than the property was worth. Furthermore, rental income didn’t cover the expenses. Foreclosure would have been the inevitable outcome. I Short Sale, Inc negotiated the short sale settlement for $550,000, freeing the investor from burdensome debt.


Call us 877-907-4678 or info@ishortsale.com


Lender references have been removed from the above to proetect lenders' proprietary rights.


Short Sale Success Story: Job relocation causes hardship --- Long Beach, CA





We negotiated this short sale and obtained a bank short sale approval, enclosed, for a condo in Long Beach, CA. The owner bought this condo as a primary residence in 2006 for $178,000 and obtained 95% financing of $169,100. The owner had to relocate to another state due to job relocation and couldn’t afford to keep two properties. Shortly after she moved, she fell behind on the mortgage payments. The owner was headed to foreclosure. I Short Sale, Inc. negotiated the short sale settlement of $66,000 to provide the owner with a way out of a mortgage she couldn't afford.


Call us 877-907-4678 or info@ishortsale.com


We crossed out the lender’s name to protect lender’s proprietary rights