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

Countrywide / Bank of America Short Sale Approval Letter

Here's a sample Countrywide / Bank of America short sale approval/demand letter.  You should always have an attorney review the short sale approval/demand letters.  I highlighted the part that's critical on the approval/demand letter.  It states the following:

BAC Home Loans Servicing, LP and/or its investors may pursue a deficiency judgment for the difference in the payment received and the total balance due, unless agreed otherwise or prohibited by law, if the short sale closes on the loan referenced above. In addition, if this loan is covered by mortgage insurance, the mortgage insurance company may reserve the right to pursue the seller for the deficiency based on the terms of the mortgage insurance policy. Furthermore, there may be tax consequences associated with entering into a short sale. The seller is encouraged to seek guidance from an independent tax advisor, and/or an attorney, before proceeding with the short sale.

It's a standard language that Countrywide / Bank of America uses.  I can post at least half dozen short sale letters.  If you have any questions about the letter, you can email me and I can share what 2 short sale attorneys told me about the letter but since I'm not an attorney, I won't post anything. 

Also, the contract date on this short sale was 11/7/09.   

 

  

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sales specialist

703-662-1466

 
countrywide bank of america short sale approval demand letter

Dumfries VA Short Sale (Four Seasons)

The Hahn Group of Keller Williams Realty is listing a Bank of America short sale in Four Seasons community in Dumfries, VA.

 
Address:

16068 DANCING LEAF PL 
DUMFRIES, VA 22025 

List Price: $359,900

Bank:

Bank of America

Listing Agent:

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

Download Instructions and Download Disclosure. 

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sale specialist

703-662-1466

 
umfries VA short sale expert, dumfries short sale, dumfries prince williams county short sale, dumfries short sale expert realtor agent specialist 

Round Hill, VA Short Sale

Simon Hahn Group is listing a Countrywide/BOA short sale in Round Hill. 

Address:

17244 ARROWWOOD PL

ROUND HILL, VA 20141

Click here for MLS info.

Bank:

Countrywide/BOA (1st and 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.   

Instructions for Agents

Coming by Sat

Round Hill, VA short sale specialist.

Culpeper VA Short Sale (Countrywide / Bank of America)

The Simon Hahn Group of Keller Williams Realty is listing a Countrywide / Bank of America short sale in Culpeper, VA (PELHAMS REACH). 

 

Property:

231 WHITWORTH DR 

CULPEPER, VA 22701   

Click here for MLS info.  

Price:

$199,900

Bank:

Countrywide (1st)

Bank of America (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.  

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

• We will submit one offer to the bank.  Others will be back ups.    
• Short Sale is being professionally negotiated by Wreath Title.
• Seller prefers Wreath Title in Vienna, VA.   This will make this short sale smoother.
• Please use Short Sale Contingency Addendum to Regional Sales Contract & Information for Purchasers Concerning Short Sales.
• Remember this is an "AS-IS" contract so please use NVAR Contingency Addendum.
• Please no escalation addendum.  Submit the buyer's final and best offer.  Keep in mind that this is a short sale. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Following items do not convey: washer, dryer, water treatment system, chandlier/ligting in foyer.
• Please be willing to wait few months.  If you can't, this short sale is not for you.
• Please email (preferred) or fax contracts to 866-348-5461.
• Please call Simon Hahn at 703-662-1466 or email him with any questions.

  

Culpeper, VA Short Sale Specialist, Countrywide Short Sale Specilist, Bank of America Short Sale

Countrywide Short Sale in Manassas Park, VA

The Simon Hahn Group is listing a short sale in The Reserve condos in Manassas Park, VA. Here's helpful information.

Property:

9700 ELZEY PL #306

Manassas Park, VA 20111

Click here for virtual tour.

Sorry, the photos are not best!

Price:

$165,000

Banks:

1. First trust is Countrywide. (BPOs done)

2. Second trust is Wells Fargo. (Already approved!)

Listing Agent:

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

Agent has been 100% successful with Countrywide short sale in the past (5 transactions).

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

• Please use NVAR Short Sale Addendum.
• Please use NVAR Contingency/Clause Addendum and initial next to "As-Is" Clause. 
• Please make sure the buyer has a preapproval and copy of earnest money check. 
• Seller will not pay for home warranty.
• Please do not ask for seller subsidy unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Wreath Title of Vienna.  If you choose to use your own title company, please provide estimated HUD1 with the contract.  Emailagent prior to submitting an offer.

Transaction Updates:

Once we have a ratified contract, buyer's agent and buyer(s) can log inhere for weekly updates.

Tale of Two Countrywide Short Sale Approval Letters

Here's couple Countrywide short sale approval letters that I received in March 2009.  Getting short sales approved for homeowner's with financial hardship is not that hard.  It's really how the bank approves the short sale.  Here's an example of a good short sale approval letter.

You can download the entire page.  Download Countrywide Good Short Sale Approval Letter

Here's an example of what you don't want but might have to settle with. 

You can download the entire page here. Download Countrywide Not So Good Short Sale Approval Letter

There's some techniques in getting the bank to approve the short sale like the first example.  I have been doing Countrywide (now Bank of America) short sales since 2007.  It seems like they change their process few times a year.  Feel fee to contact me with any questions.

Countrywide / Bank of America Short Sale in Vienna, VA

Simon Hahn Group is listing this short sale in Vienna, VA.

Property:

2726 GALLOWS RD #507

VIENNA, VA 22180

Click here for MLS info.

Price:

$339,000

Bank:

Countrywide / Bank of America.

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully closed on half dozen Countrywide short sales.  The bulk of the negotiation will be done by an attorney.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Property:

2726 GALLOWS RD #507

VIENNA, VA 22180

Click here for MLS info.

Price:

$339,000

Bank:

Countrywide / Bank of America.

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully closed on half dozen Countrywide short sales.  The bulk of the negotiation will be done by an attorney.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Countrywide / Bank of America Short Sale In Leesburg/Lansdowne, VA

Simon Hahn Group is listing this short sale in Leesburg/Lansdowne, VA.

Property:

29 HANCOCK PL

LANSDOWNE, VA  20176

Click here for MLS info.

Price:

$70,000

Bank:

Countrywide / Bank of America.

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully closed on mulitple Countrywide / Bank of America short sales.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Property:

29 HANCOCK PL

LANSDOWNE, VA  20176

Click here for MLS info.

Price:

$70,000

Bank:

Countrywide / Bank of America.

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully closed on mulitple Countrywide / Bank of America short sales.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Countrywide Short Sale in Falls Church, VA

Simon Hahn Group is listing this short sale in Falls Church, VA.

Property:

7126 Idylwood Drive 

Falls Church, VA 22043

Click here for MLS info.

Price:

$599,900

Bank:

Countrywide / Bank of America.

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully closed on half dozen Countrywide / Bank of Amreica short sales. The bulk of the negotiation will be done by an attorney.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Property:

7126 Idylwood Drive 

Falls Church, VA 22043

Click here for MLS info.

Price:

$599,900

Bank:

Countrywide / Bank of America.

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully closed on half dozen Countrywide / Bank of Amreica short sales. The bulk of the negotiation will be done by an attorney.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Countrywide Short Sale in Fairfax (Fair Chase)

Simon Hahn Group is listing a short sale in Fair Chase in Fairfax, VA.

Property:

12006 Grenshaw Drive

Fairfax, VA 22030

Click here for MLS info.

Price:

$410,000

Bank:

Countrywide

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully negotiated multiple short sales with Countrywide. The bulk of the negotiation will be done by an attorney at Ekko Title in Vienna.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Transaction Updates:

Once we have a ratified contract, buyer's agent and buyer(s) can log in here for updates.

Property:

12006 Grenshaw Drive

Fairfax, VA 22030

Click here for MLS info.

Price:

$410,000

Bank:

Countrywide

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   Listing agent has successfully negotiated multiple short sales with Countrywide. The bulk of the negotiation will be done by an attorney at Ekko Title in Vienna.

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

• We will submit the best offer to the bank.  Others will be back up.  
• Please use Short Sale Contingency Addendum To Regional Sales Contract & Information For Purchasers Concerning Short Sales.
• Remember this is an "As-Is" contract. 
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please do not ask seller for closing cost help unless it's a VA or FHA loan. 
• Please be willing to wait up to 3 months.  We can get this done.  If you can't, this short sale is not for you.
• Sellers prefer to use Ekko Title in Vienna (703-537-0800).  This will make this short sale much smoother.

Transaction Updates:

Once we have a ratified contract, buyer's agent and buyer(s) can log in here for updates.