HOUSTON TEXAS 77070 Preforeclosure Shortsale


ShortSale Approval Letter

Short Sale Documents


Shortsale Details

Anticipated Foreclosure DateJul 1, 2008
First Mortgage with Washington Mutual Loan#0044151983$120,000.00
Total Owed$120,000.00
Market Value$110,000.00
Accepted by Debt Holders$110,000.00
Savings$10,000.00
Time to Negotiate Shortsale63 days

Client Testimonial

I first listed my home for $145,000. After 8 months, I reduced it to $125,000 and there were still no offers. My payoff at the time was $120,000. I decided to let the property go into foreclosure. However, my husband didnt want his credit ruined so we contacted Julie Nguyen at Preforeclosure Specialist. They held an auction at the property and within 10 days I got an offer at $110,000. Two months later Wamu excepted the short sale and our credit was saved from foreclosure.

Short Sale Location


Property Details

AddressHOUSTON, TEXAS 77070
SQFT1938
Bedrooms4
Bathrooms2
Stories1
Year Built1972
SubdivisionPrestonwwod Forest
CountyHarris

I first listed my home for $145,000. After 8 months, I reduced it to $125,000 and there were still no offers. My payoff at the time was $120,000. I decided to let the property go into foreclosure. However, my husband didnt want his credit ruined so we contacted Julie Nguyen at Preforeclosure Specialist. They held an auction at the property and within 10 days I got an offer at $110,000. Two months later Wamu excepted the short sale and our credit was saved from foreclosure.