On a short sale we had to have a Pre-liminary HUD or Closing Statement prepared by an Attorney and had to get payoffs on all liens and present that with the contract, the hardship letter and proof of hardship to the bank for their approval.
We worked diligently with the bank and were able to get approval from them today to close and are now looking to close at the end of the Month. We were able to get from contract to approval within 60 days or so. SO, if you know of anyone that needs to sell and is upside down or may be in a position where they may lose their home, this is a much better alternative.
It costs the seller nothing and it keeps her from having a foreclosure on her record so when this hardship is over and a thing of the past she will be able to easily restore her credit rating.
Call me for details. I have obtained my Certified Distressed Property Expert or CDPE and my SFR or Short Sale and Foreclosure Realtor designations in order to be able to better help people in these situations.
They will also remember it for a long time and hopefully refer me to their friends and family as they know how hard we worked to get this accomplished for them. I have helped other home owners on Daniel Island as well and know that I can put my expertise to work for you or those that you refer and will provide them with the kind of service you can be proud to have recommended.
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