Monday, September 5, 2011

Short Sale Success Story: Job Loss, Relocation and Two Liens Resolved - Sun Valley, CA


We negotiated this short sale and obtained a bank short sale approval for a house in Sun Valley, CA. The owners bought this house as a primary residence in 2000 for $260,000, and in 2005 refinanced with two loans totaling $490,000. Approximately two years ago the husband lost his job, and in 2010 the family relocated to Nevada for better employment prospects while still obligated to mortgage payments on the Sun Valley property. The couple soon became delinquent on mortgage payments, and foreclosure was imminent. I Short Sale, Inc. negotiated the short sale for $258,000 and convinced both the 1st lien and 2nd lien holders to agree to the losses allowing the owners a debt-free, 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.

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