Corpus Christi Texas 78412 Preforeclosure Shortsale


ShortSale Approval Letter

Short Sale Documents


Shortsale Details

Anticipated Foreclosure DateOct 5, 2010
First Mortgage with Litton Loan Servicing, LP$600,000.00
Total Owed$284,042.00
Market Value$360,000.00
Accepted by Debt Holders$44,042.00
Savings$240,000.00
Time to Negotiate Shortsale30 days

Client Testimonial

The short sale was submitted to the lender on April 5, 2010, they ordered the BPO on April 13, 2010.  I spoke with the BPO Agent the same day and emailed them my BPO package for review, which I built from your instruction.  The agent used my values and submitted their BPO to the lender on April 17, 2010. I received a phone call from the Liquidation Specialist at Litton Loan Services, who asked "is 360K your best offer?" I said, "yes, it is my best and final offer.” May 12, 2010 I received the acceptance letter from Wells Fargo and closed on May 26, 2010.  Paid $360K for a house with a value of $360K and loan balance of $600K.

Thanks for the postponing the sale and getting this approval in 47 days!

Short Sale Location


Property Details

AddressCorpus Christi, Texas 78412
SQFT5125
Bedrooms5
Bathrooms4.5
Stories2
Year Built1965
SubdivisionSouth Shore Estate
County Nueces