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

We negotiated this short sale and obtained a bank short sale approval for a house in Berkeley, CA. The owners financed the purchase of this home in 2004 with a 100% mortgage for $410,000. The family fell victim to unemployment, and despite cutting expenses and other strategies to cope with a drastic reduction in household income, it was inevitable that the family would eventually fall behind on mortgage payments. Foreclosure seemed the only outcome.

I Short Sale, Inc. negotiated the short sale of the property for $265,000 on the first lien as well as a $6,000 settlement on an outstanding 2^nd mortgage allowing the family to have a fresh start. Not only was the debt obligation of two mortgages lifted, I Short Sale, Inc. facilitated the transaction through the government's HAFA program that awarded the family $3,000 to cover relocation expenses after the sale of the property.

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

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