This homeowner worked double time to save their home on Tritapoe in Lovettsville, VA from foreclosure. They tried to keep up with payments, but got behind and asked Bank of America for help. They were getting no where, so they listed as a short sale with our team. Then after we were ratified and headed to approval, BofA reached out to them with their “Hope for America” packet offering loan modification…so they withdrew their listing and we sent our apologies to the buyers. (This does happen sometimes and we’re the first to encourage our sellers to try everything they can if they want to stay in their home with refinance or loan modification, but many times it does not work out in their best interest.) That was in April 2010. Then 2 months ago, the loan modification they thought they could handle ended up being a payment they could not sustain, even with the lower price. So we re-listed their home and Bank of America has approved their short sale. The sellers bought in 2005 for $520,000 – it SOLD today for $360,000. The approval letters are below for you to see. FYI – the 2nd trust actually was approved for HAFA in the end. All deficiency rights were waived on this one by BofA! Call me at (703) 774-9572 if our team can help you or someone you know as well.
Bank of America Co-Op Short Sale Program Works to Pay Sellers CASH at Closing!
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About Jennifer Young
Jennifer Young is the CEO and Team Leader of Jennifer Young Homes with Keller Williams Realty. Jennifer is a highly experienced real estate agent and industry leader specializing in the Virginia, Maryland and Washington DC market. Jennifer sells Regular Sales, Short Sales, Foreclosures, Rural Residential & Land. Her team has helped hundreds of troubled homeowners for FREE! Call Jennifer today for a free consultation at (703) 651-5655 or email her.
Hear from our clients…
Jennifer Young was a great agent, especially because of the amazing team working behind the scenes. Her and her staff knew so much about short sales.
Jennifer Young sold our home for us in Fairfax, VA and did an incredible job. It was priced right and went under contract in less than 10 days.
We worked with Jennifer Young and her team when short selling our property. They were on-the-ball and completely on top of my case at all times. .