Raffi Tal has been successfully executing short sales since the early 90's and currently oversees all files as the company’s EVP. Under Tal’s leadership, I Short Sale, Inc. has become one of the nation’s leading firms in short sale volume. As an authority in the field of loss mitigation, Tal has been a guest speaker on the issue in various conferences, seminars and for a variety of media outlets.
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.
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