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.