Monday, January 2, 2012

Short Sale Success Story: Condo Investment Property Including HOA Dues –Los Angeles, CA



We negotiated this short sale and obtained bank short sale approval for a condo in Los Angeles, CA. The owner bought it as an investment property for $485,000 with 1st and 2nd mortgages on the property totaling $425,000. As a result of deteriorating market conditions, the owner found herself owing more than the property was worth and the rental income not covering the combined load of mortgage and ancillary expenses. Foreclosure seemed inevitable. I Short Sale, Inc. negotiated the short sale of the property for $285,000, reduced the amount owed on the 2nd lien to $6,000 and negotiated negotiated a substantial reduction in back HOA dues. We can do the same for you.

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

Short Sale Success Story: Negotiation on both 1st and 2nd Liens - Tarzana, CA




We obtained a bank short sale approval for a house in Tarzana, CA. The family purchased this house as a primary residence in 2004 for $1,000,000, and later refinanced to improve the house with two loans totalling $1,250,000. Declining income forced the couple to cut back on expenses, and when that wasn't enough to make ends meet, the mortgage payment was the next bill on the chopping block. The only outcome was foreclosure. I Short Sale, Inc. negotiated the short sale of the property for $750,000 including a settlement for the 2nd mortgage for $10,000. The couple was able to obtain a fresh start for the new year.



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