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Approved Short Sales
Since 2006 our short sale team has received short sale approvals from lenders such as Wells Fargo, Bank of America, Ocwen, Service Link, LBPS, Chase, JP Morgan, Citi Bank, and many others. The type or name of the lender makes little difference, in fact many times we are working with the lenders 3rd party processing company and not directly with the
lender. This is because many lenders are over loaded with short sales and have hired third party companies to process these transactions for them.
What's in it for you?
- No Tax - The Mortgage Debt Relief Act of 2007 generally allows taxpayers to exclude income from the discharge of debt on their principal residence. This provision applies to debt forgiven in calendar years 2007 through 2012.
- November 2009 - US Treasury Requires that borrowers be fully released from future liability for the debt.
- Stop a foreclosure lawsuit against you, save excess damage to your credit report that can last up to 10 years if you are foreclosed.
- It's a bad situation if you can't make your payment but lets make it into something good. You could remain in your home without making payments while we are working the short sale for many months. I've seen over 16 months in many cases, a average would be 6-12 months. However with vacant homes many times we can complete the short sale process in 3-4
months. [short sale now]
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