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

1 comment:

  1. Great Post! It's very nice to read this info from someone that actually knows what they are talking about. condominium investment property

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