LMN Short Sales

We’ve developed this website to specifically cater to your type of loan with Wachovia Bank.  Wachovia has made special arrangements for your type of loan to be sold as a Short Sale*.  This is very beneficial to you, the current owner.  This is a unique opportunity for you to be free of financial and emotional burden of owing more on a house than it is currently worth. 

Potential Benefits to a Short Sale:

     1. Your lender will waive your deficiency….meaning, you won’t owe the difference on your current mortgage vs. the amount you sell for.

     2. IRS will also waive the deficiency income until December 2012.  So if you short sell your home before then, you won’t have a tax deficiency.

     3. CASH RELOCATION ASSISTANCE – The bank will give you money at the closing of your home, to use to find a new residence.

     4. Wachovia will report the loan as closed with zero balance, which will help your credit FICO score go up faster.  This will allow you to buy a new house again after 1 or 2 years.

      5. Having the short sale approved will be a quick easy process.  The lender will approve the short sale without the usual high amount of paperwork that needs to be filled out.

*A short sale is real estate sale that takes place when a borrower owes more on their home than its currently worth. And the lender agrees to sell it for less then the mortgage amount. 

Our goal is to help you in this stressful situation and find the best solution.  We have direct connections with Wells Fargo and Wachovia to expedite the short sale process if that is the best option.

Set up a confidential appointment by calling 773-307-2449 or email LReidl@Dreamtown.com today to understand the options available to you.

Curious about Foreclosures in your neighborhood? - Click Here

Neeti Arndt                                                   Lynn Reidl                                             Mike Volpe

FEATURED
PROPERTIES

See All
FEATURED
PROPERTIES