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
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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