Another successful Short Sale
On 4/29/11, The Gutting Group has done it again!
Another successful short sale closing!!
Borrower owed nearly $110,000, was in a financial hardship, lost his job, behind on his payments, had moved out of the state, a short sale was necessary. (Short sale is when a borrower sells his/her home for less than what is owed). The Gutting Group successfully negotiated an offer of $72,000 and got the bank to accept the deal and we closed on this property 66 days after the date of acceptance, which is very quick and efficient for a short sale transaction. Plus, we were able to negotiate with the lender to waive any future collection of the deficiency ($110,000 appx owed - $67,000 appx net to bank.. almost $43k).
Another borrowers financial future saved by The Gutting Group of Keller Williams Realty.
If you know of anyone facing a financial hardship and would like to discuss the difference between a foreclosure and a short sale, please do not hesitate to call, 317 846-4888.
Derek Gutting, The Gutting Group, Keller Williams Realty, www.GuttingGroup.com
DISCLOSURE: Keller Williams Indy Metro North is not associated with the government and our services is not approved by the government or your lender. Even if you accept this offer, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit.
