Another Successful West Knoxville Short Sale
My team and I where just involved in a successful Knoxville short sale on a home in West Knox located at 10512 Eagles View Drive. It was a Knoxville Short Sale that had been taking awhile to get
done with the lender Bank Of America. The other agent who had it listed for sale had several offers on the home over a several months. But the previous buyers had walked away from the Knoxville Short Sale because of the length of time it was taking to get the short sale approved with BOA.
Our buyer had contacted us about the home because he had interest in buying it because of the exceptional value for the West Knoxville area. So we prepared an offer to buy the home and got it presented to the seller and got it accepted by the seller subject to BOA approval.
That is the easy part when buying a West Knox area home on a short sale. The work really begins once you start working with the lender to work out the terms of the short sale. This home had 3 mortgages on it all with BOA. My team went to work to get this transaction done for the seller and buyer so this home wouldn’t have to got to foreclosure.
We where able to get the first mortgage approved after a few weeks but then had to begin negotiating with the 2nd and 3rd mortgage holders. During the negotiation of the Knoxville Short Sale on the 2nd and 3rd we had to go back to the 1st mortgage several time to get approval on payoff numbers.
Our team negotiator stayed on top of things and was able to get approvals on all 3 mortgages and get it closed in 93 days. That is what really makes our team stand out from other Realtors in the Knoxville Market and being successful and getting short sales closed. We have a full time negotiator as part of our team who gets these short sales closed for our clients.
If you are a Knoxville homeowner having problems making you mortgage payments and want to know your options. Please feel free to download my free reports
You do have options as a Knoxville homeowner who may be facing foreclosure. Don’t let your home go to foreclosure call me at 865-675-8326 or email me [email protected] let’s setup a time to talk about your situation and talk about your options. I’m here to help you as a trained Realtor with the CDPE designation I can help you…
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Home Saved By Selling on a Short Sale
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[...] expectations Buyers who make an offer on a short sale property need to know that lenders has to understand why they [...]