Virginia Short Sale Specialist / Realtor - Certified Distrssed Property Expert (CDPE)

Central Mortgage Short Sale in Centreville, VA

The Hahn Group of Keller Williams Realty is listing a Central Mortgage short sale in Centreville, VA. 

 
Address:

6302 MUSKET BALL DR 
CENTREVILLE, VA 2012

List Price: $289,900

Bank:

Central Mortgage

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sale specialist

703-662-1466

 
central mortgage short sale, VA short sale expert, central mortgage loss mitigation, short sale, fairfax county short sale, centreville va short sale expert realtor agent specialist 

Haymarket (Dominion Valley) Short Sale with National City Mortgage

Simon Hahn Group is listing a short sale in Haymarket (Dominion Valley), VA.   

Address:

5630 WHEELWRIGHT WAY

Haymarket, VA 20169 

List Price: $269,900

Bank:

National City Mortgage (1st)

Wells Fargo (2nd)

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sale specialist

703-662-1466

 

 

Haymarket short sale, dominion valley short sale, national city mortgage short sale, haymarket short sale specialist expert realtor agent

Citigroup Suspends Foreclosures for the Holidays

Click here to view full article in USA Today. 

Citigroup will provide temporary break for close to 4,000 borrowers during the holiday season by suspending foreclosures and evictions for 30 days.  Citigroup is also working on some "long-term fundamentals".

From my personal experience, I have seen borrowers staying in their homes for close to 2 years without making a payment.  2 years is the longest that I have seen.  

Let me say this, the banks don't want you to foreclose.  They would much rather work out an alternative plan whether it be loan modification, short sale, etc.  My advice has been unless the bank lowers the principle balance, loan modification is usually a temporary fix.  For most, short sales seem to be the best solution.  I have done over half dozen short sales involving CitiMortgage so give me a call if you have any questions about short sales.  My direct number is 703-662-1466. 

Select Portfolio Servicing and Litton Loan Servicing Short Sale Demand/Approval Letter

Here's a short sale we did with Select Portfolio Servicing and Litton Loan Servicing.  It was a quick and smooth transaction.

Banks: 

Select Portfolio Servicing (formally American Home Mortgage) (First)

Litton Loan Servicing (Second)

Days for Approval:

Select Portfolio Servicing - 36 days

Litton Loan Servicing - 36 days

Here's the approval/demand letter from Select Portfolio Servicing.

 

Here's the short sale approval/demand letter for Litton Loan Servicing second lien. 

If you have any questions about doing a short sale with Select Porfolio Servicing or Litton Loan Servicing, give me call for a private consultation.  Direct number is 703-662-1466.

Simon Hahn - Keller Williams Realty

Select Porfolio Servicing short sale specialist Litton Loan Servicing Short Sale Demand/Approval Letters
    

CitiMortgage/Citibank Short Sale Demand/Approval Letter for Second Trust

I received a phone call couple days ago from someone asking about dealing with CitiMortgage colllections attorney.  No one in the transaction knows what's happening with the short sale.  With CitiMortgage second trust (like most banks), the account goes into the recovery department after 180 days of non-payment.  When this happens, you can either deal with CitiMortgage recovery department or some collections attorney.  The former is desirable.  Once it goes to collections attorney, it's much harder to negotiate.  My advice to anyone doing short sale with CitiMortgage second trust, make sure you don't go 180 days without making a payment.  When it goes to recovery department, it takes lot more work.  You can see here that the demand/approval letter was prepared by the collections attorney.

If you have a second trust swith CitiMortgage and you have been missing payments, make sure your agent/negotiator/attorney stay on tops of things. If you have any questions concerning CitiMortage or any short sale, feel free to call me at 703-662-1466.

CitiMortgage Citibank Recovery Department Short Sale Demand Letter Collections Attorney

Bank of America and BB&T Short Sale Demand/Approval Letters

Here's a recent short sale that settled with Bank of America being the first trust and BB&T being the second trust.   Here's the summary. 

Banks: Bank of America (first trust), BB&T (second trust)

Days for Approval:  Bank of America - 90 days, BB&T - 92 days

Hardship: Loss of job

With second liens, many times the account will go into recovery department if the account is 180 day delinquent.  Some are easy to work with but others can be really difficult if it gets sent to collections attorney.  

Here's the demand letter from Bank of America.

Here's the BB&T short sale demand/approval letter.

  
 

 If you are considering a short sale, call for a private consulation.  Direct number is 703-662-1466.

 

Wells Fargo Short Sale in Potomac Club (Woodbridge, VA)

The Hahn Group of Keller Williams Realty is listing a Wells Fargo short sale in Potomac Club in Woodbridge, VA.

Download instructions and disclosure.

 Property:

2500 Eastbourne Dr #307

Woodbridge, VA 22191

Click here for more photos.

Price:

$225,000 

Bank:

Wells Fargo  

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   

Note to Buyer's Agent and Buyer(s):

Download disclosure and contract instructions.

Simon Hahn - Keller Williams Realty