Woodbridge, VA Short Sale SOLD by JYH Team – Bank of America Approved $2,500 in Relocation Assistance for Seller!

We closed on our client’s short sale yesterday on Cressida Place in Woodbridge, VA after an unexpectedly longer negotiation process with Bank of America. This one took 6 months, even though the lender had appraised the home ahead of time AND approved the sale price for a short payoff. Our client bought the home for over $313,000…we sold it for $180,000. (BofA originally wanted the home listed for $200,850.) In the end, we were able to secure $2,500 in relocation assistance for the seller, some of which they needed to use on unexpected costs, like past due HOA fees. BofA also agreed to waive deficiency rights. Congrats to our clients! For more info on this case or if you know anyone who needs our help, call me at (703) 774-9572 or email jennifer@jyhteam.com . Here is a copy of the instructions sent to our seller when BofA first told them to list their home as a short sale.

Cressida Short Sale Instructions from BofA