Houston TX 77082 Preforeclosure Shortsale

ShortSale Approval Letter

Short Sale Documents

Shortsale Details

Anticipated Foreclosure DateMay 1, 2012
First Mortgage with Bank Of America$139,244.00
Second Mortgage with bank surrenders$6,000.00
Total Owed$145,244.00
Market Value$70,000.00
Accepted by Debt Holders$65,202.00
Time to Negotiate Shortsale36 days

Client Testimonial

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

Property Details

AddressHouston, TX 77082
Year Built1984
Subdivision Ashford Park
County Harris County

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.   

Thank you,


Victor Sturgis

Short Sale Negotiator

FHA Short Sale

Bank of America Home Loans

Phone: 904-987-3313

Fax: 877-859-3962

Email: victor.sturgis@bankofamerica.com