
We negotiated this short sale and obtained a bank short sale approval for a house in Santa Barbara, CA. The owners bought the home in 2005 for $1,250,000 with a first mortgage of $1,000,000. Due to interest rate adjustments during the course of the loan the increased monthly payments significantly, the couple found themselves cutting back on expenses to make their payments, and eventually became delinquent on meeting their monthly obligations. Foreclosure was imminent. I Short Sale, Inc. was able to negotiate the short sale for $725,000 to release the owners from their obligation and give them 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.
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