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 NationStar Short Sale Approval Letter: Owners of Home in Gold Bar, WA, Receive $99,000 Loan Discount, Deficiency Waived!

- Monday, July 30, 2012
These owners of a home in Gold Bar, WA, avoided foreclosure through a short sale. Relocated for work in 2008, they rented out their house - but the rent was nearly $400/month short of covering their mortgage payments.

They wanted to sell, but they owed over $222,000 on their NationStar mortgage, and their home was valued at only $142,450.

NationStar has just issued their approval letter for the short sale, accepting $123,000 net proceeds on the $222,000 mortgage balance owing - a discount of $99,000. The short sale approval letter waived the Gold Bar homeowners of ever having to repay that deficiency.

You can read the NationStar short sale approval letter here:
7.9.12 - NationStar - 1st Lien - 99k Deficiency - Debt Settled - Short Sale Approval

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