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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 HSBC Short Sale Approval Letter: Homeowner in Renton, WA, Receives $22,000 Loan Discount, Deficiency Waived!

- Saturday, May 26, 2012
This Renton, WA, homeowner avoided foreclosure through a short sale. She owed $284,000 on her first mortgage with Ocwen, and another $25,000 on her HSBC second mortgage - a total of over $300,000 of debt. But her home was valued at only $195,000.

HSBC has just issued their short sale approval letter for the second mortgage, accepting $2,500 net proceeds on the $25,000 mortgage balance owing - a discount of over $22,000.

And the best news is that the HSBC short sale approval letter waived the Renton homeowner of ever having to repay that $22,000 deficiency! She can move ahead with her life without the fear of debt collectors pursuing her in the future.

You can read the HSBC short sale approval letter here: 4.26.12_HSBC_2nd_Lien_22k_Deficiency_Debt_Settled_Short_Sale_Approval.pdf

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