Short Sale Blog

Here is the latest short sale news at Seattle Short Sales. We assist hundreds of Seattle area homeowners with short selling their home and avoiding foreclosure.

New Seterus Short Sale Approval Letter: Homeowners in Bellevue, WA, Receive $107,000 Loan Discount, Deficiency Waived!

Seattle Short Sales - Sunday, September 02, 2012
These Bellevue, WA, homeowners avoided foreclosure through a short sale. They owed $387,000 on their Seterus mortgage. But, with unexpected medical costs following the birth of their first child, and the wife’s reduced work hours, they were unable to continue making their mortgage payments. They wanted to sell the home, but it was valued at only $303,000 - over $80,000 less than what they owed.

Their lender, Seterus, has just issued an approval letter for the short sale, accepting $280,000 net proceeds on the $387,000 mortgage balance owing - a discount of $107,000. The short sale approval letter waived the Bellevue couple of ever having to repay that deficiency.

You can read the Seterus short sale approval letter here: 8.7.12_Seterus_1st_Lien_107k_Deficiency_Debt_Settled_Short_Sale_Approval.pdf

If you are a homeowner, and would like to learn more about short selling your home, please go to: http://seattleshortsales.com/homeowners/

New Chase Short Sale Approval Letter: Homeowner in Bellevue, WA, Receives $374,000 Loan Discount, Deficiency Waived!

Seattle Short Sales - Friday, May 25, 2012
This Bellevue, WA, homeowner avoided foreclosure through a short sale. He owed $687,000 on his first mortgage with Chase, and another $72,000 on his Chase second mortgage - a total of three quarters of a million in debt! But his home was valued at only $350,000.

Chase has just issued their short sale approval letter for the first mortgage, accepting $313,000 net proceeds on the $687,000 mortgage balance owing - a discount of $374,000.

And the best news is that Chase’s short sale approval letter waived the Bellevue homeowner of ever having to repay that $374,000 deficiency!

You can read the Chase short sale approval letter here: 5.9.12_Chase_1st_Lien_374k_Deficiency_Debt_Settled_Short_Sale_Approval.pdf

If you are a homeowner, and would like to learn more about short selling your home, please go to: http://seattleshortsales.com/homeowners/


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