KATY TEXAS 77450 Preforeclosure Shortsale

ShortSale Approval Letter

Short Sale Documents

Shortsale Details

Anticipated Foreclosure DateJan 1, 2008
First Mortgage with GMAC Loan# 0835016777$155,000.00
Total Owed$155,000.00
Market Value$120,000.00
Accepted by Debt Holders$96,000.00
Time to Negotiate Shortsale180 days

Short Sale Location

Property Details

AddressKATY, TEXAS 77450
Year Built2020
SubdivisionCanyon Gate

I had an ARM that I wasnt aware of and at the same time my mother got really sick. I wasnt able to work as much since I was at home taking care of my mom. I was a contractor for Preforeclosure Specialist so I asked for some help. They got GMAC to discount $59,000 and they sold the house for $105,000. Now I can start over and continue to take care of my mother with no strees and worries.


Thank you! Vinh Truong