Houston TX 77082 Preforeclosure Shortsale
ShortSale Approval Letter
Short Sale Documents
|Anticipated Foreclosure Date||May 1, 2012|
|First Mortgage with Bank Of America||$139,244.00|
|Second Mortgage with bank surrenders||$6,000.00|
|Accepted by Debt Holders||$65,202.00|
|Time to Negotiate Shortsale||36 days|
On a final note, last night was the first night in awhile that I was able to sleep well because I felt at ease knowing that I have your company to guide me through the foreclosure process so thank you.
Short Sale Location
|Address||Houston, TX 77082|
Loan Number: 221867121 I have completed my review of this file. Based on HUD Guidelines, I have verified that the Seller qualifies to Participate in the Pre-Foreclosure Sale Program. I have requested the file proceed to the next Phase and be assigned to your Phase 2 Negotiator. Please allow 7-10 business days for the file to be assigned. Your Phase 2 Negotiator will be contacting you within 3-5 business days of being assigned and will be issuing you the Approval to Participate (Seller’s Approval).
If you have a current Buyer please have a HUD-1 prepared. Please ensure the offer is netting 88% of the appraised value. The appraised value of the property is $70,000.00.
Please feel free to contact me if you have any further questions and/or refer to Mortgagee Letter 2008-43 for more information.
Thank you for your continued participation in the Pre-Foreclosure Sale Program.
Short Sale Negotiator
FHA Short Sale
Bank of America Home Loans