Treasury Effort May Boost Short Sale Usage

Jan 13, 2010

The use of short sales as a foreclosure avoidance tool may get a boost now that the Treasury has issued guidelines to streamline the process which can be frustrating for sellers and homebuyers alike.
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ShortSale Testimonial

Property Value: $285,000
19930 SKY HOLLOW LANE, KATY, TEXAS 77450

Total Owed: $319,000
Accepted: $250,000
Time to Negotiate: 1 Days

GREAT JOB VINH, SALE STOPPED IN ONE DAY FROM LITTON LOAN SERVICING.

Recent Houston Preforeclosures

Houston Tx 77025 Preforeclosure Shortsale

Trustee Sale Date: Feb 3, 2012
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Owed:$200,166 | Accepted:$133,000

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Owed:$1,569,784 | Accepted:$885,000

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Owed:$268,546 | Accepted:$200,000

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Owed:$261,024 | Accepted:$175,000

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Trustee Sale Date: Jan 3, 2012
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Owed:$705,000 | Accepted:$503,000

Houston Texas 77027 Preforeclosure Shortsale

Trustee Sale Date: Dec 6, 2011
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Owed:$371,845 | Accepted:$271,000

Houston Tx 77389 Preforeclosure Shortsale

Trustee Sale Date: Dec 3, 2011
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Owed:$1,002,380 | Accepted:$769,277

Auburn MA 01501 Preforeclosure Shortsale

Trustee Sale Date: Dec 2, 2011
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Owed:$354,423 | Accepted:$194,000

Cypress Texas 77429 Preforeclosure Shortsale

Trustee Sale Date: Nov 3, 2011
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Owed:$824,165 | Accepted:$370,000

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Trustee Sale Date: Nov 2, 2011
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Owed:$397,657 | Accepted:$254,990

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