6519 SOUTH GENA LEE HOUSTON TX 77064 Preforeclosure Shortsale

Shortsale Details
| Anticipated Foreclosure Date | Jul 3, 2007 |
| First Mortgage with HOMECOMINGS FINANCIAL #7436974315 | $188,056.00 |
| Total Owed | $188,056.00 |
| Market Value | $170,000.00 |
| Accepted by Debt Holders | $148,000.00 |
| Savings | $40,056.00 |
| Time to Negotiate Shortsale | 41 days |
Client Testimonial
My interest rate is 14.75%. I listen to my loan officer and got an adjustable rate mortgage. I tried to call her to refinance but she said my property did not appraise and my credit score was bad. After several months I gave up. I received a letter from houston preforeclosure that said we buy 100% finance loans and I called right away. They negociated with the bank and the bank took a little discount but I was able to sell and avoid foreclosure.
Maria Dolores
Short Sale Location
Property Details
| Address | 6519 SOUTH GENA LEE HOUSTON, TX 77064 |
| SQFT | 2485 |
| Bedrooms | 4 |
| Bathrooms | 2.5 |
| Stories | 2 |
| Year Built | 2003 |
| Subdivision | SILVER OAKS TRAIL |
| County | HARRIS |
HOMECOMINGS FINANCIAL BPO 165,000
OFFER 170,000 ALL CASH 4-28-2007.
Need to postpone sale to continue closing 6-8-2007.
Sold for 170K, contribute 3800 towards c/c

