The transaction moved along very smoothly.
We initiated short sale on May 23rd. It took about 20 days to receive a short sale approval (Short Sale Relocation Assistance Program).
We received the first offer just 4 days after listing the property on June 14th. The seller and I decided not to jump on the first offer and waited 10 days, received other offers and chose the most qualified.
Seller, buyer, escrow and Bank of America processed all the documents, and the property went into “Sale Pending” status on July 18th. FHA buyer and buyer’s agent were very cooperative, We just reminded them that this was an as-is sale, no termite clearance, and the transaction closed with no issues.
Lender credited the seller’s relocation fee, property tax, and buyer’s closing costs!
If you or someone you know is interested in doing a short sale, please contact Mark Kunce 619-663-7139.
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