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

Loancare Mortgage Short Sale in Woodbridge, VA

Simon Hahn Group is listing a short sale in Woodbridge, VA.

 

5006 QUELL CT 

WOODBRIDGE, VA 22193    

$485,000

Bank:

Loancare Mortgage (1st)

GMAC (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 sales specialist

703-662-1466   

 
 woodbridge VA Short Sales, woodbridge Short Sales, woodbridge short sales realtor agent specialist expert,woodbridge va CDPE

GMAC / Homecomings Financial Short Sale Demand or "Approval" Letters

Here's few short sale demand / "approval" letters.  Homecomings or GMAC are the same company. One is a recent one and the others are from last year.  If you have Homecomings Financial or GMAC mortgage and you are considering a short sale, contact us for a private consultation.  You can call us at 703-401-0571 or email us.  Even if your property is not in Virgina, we'll gladly refer a short sale specialist in your area. 

Here's a case with GMAC being first trust and another bank being second.  GMAC is giving $3,000 to junior line.  No mention of deficiency judgment which we requested when the short sale package was submitted.  An attorney reviewed the letter and gave his approval.

Here's another short sale demand / "approval" letter from last year.  Here, Homecomings is the first and second mortgage.  The sellers did not miss any payments.  Homecomings agreed to the short sale by accepting $10,000 from sellers.  

Here's the Homecomings Financial as the second trust. 

Hopefully these GMAC / Homecomings Financial demand / short sale letters help. If you have Homecomings Financial or GMAC mortgage and you are considering a short sale, contact us for a private consultation.  You can call us at 703-401-0571 or email us.  Even if your property is not in Virgina, we'll gladly refer a short sale specialist in your area.

Simon Hahn Group

Certified Distressed Property Expert (Short Sale)

Keller Williams Realty

GMAC Short Sale Approval Letter

Here's a GMAC short sale approval letter.  This is a short sale that just recently closed.  It's a decent approval letter.  If you look on the second page at the bottom, you will see this language:

A "Short" or "Negotiated" Payoff of your mortgage loan may have tax consequences.  To determine if, or to what extent, you have any tax liablities, you are enouraged to consult a tax professional.

This is far better than many of Bank of America's approval letters stating that they reserve the right to pursue deficieny judgement.

The other big plus in this approval letter is how much GMAC is giving to junior lien.  Typically we see $3,000 to junior lien but here they are giving $15,400 which was the 10% balance that the junior lien (United Bank) wanted.  This is a rarity. 

Each short sale is different due to seller's situation, bank, investor/MI company, etc..  If you prepare in advance and know the tricks of the trade, you can increase the likely to get a favorable approval letter.  Here's the actual short sale approval letter from GMAC.

If your mortgage is with GMAC and you are considering doing a short sale, you can email me or call me at 703-401-0571.

Simon Hahn - Keller Williams Realty (VA, MD, DC)
Certified Distressed Property Expert (CDPE)

703-401-0571

GMAC Short Sale in Brambleton (Ashburn), VA

Simon Hahn Group is listing a short sale in Brambleton Summerfield Condos.  Here's more details. 

Address:

42425 Goldenseal Square

Ashburn, VA 20148

Price:

$210,000

Banks:

Multiple bank sceanrio.  Primary bank is GMAC.

Listing Agent:

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

Negotiation itself is handled by an attorney who specializes in 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 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. 
• Please send proof of funds for downpayment.  
• 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 Smarter Title (703-753-9005).  It will be MUCH easier if the buyer use Smarter Title. If you choose to use your own title company, please provide estimated HUD1 with the contract.  Email agent prior to submitting an offer.

Transaction Updates:

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