HOUSTON TX 77064 Preforeclosure Shortsale


ShortSale Approval Letter

Short Sale Documents


Shortsale Details

Anticipated Foreclosure DateJul 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 Shortsale41 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

AddressHOUSTON, TX 77064
SQFT2485
Bedrooms4
Bathrooms2.5
Stories2
Year Built2003
SubdivisionSILVER OAKS TRAIL
CountyHARRIS

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