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19727 BLUFF CANYON WAY KATY TEXAS 77450 Preforeclosure Shortsale

Property Details
Market Value$120,000
Address19727 BLUFF CANYON WAY
KATY, TEXAS 77450
SQFT1614
Bedrooms3
Bathrooms2
Stories1
Year Built2020
SubdivisionCanyon Gate
CountyHarris
Financial Details
First MortgageGMAC Loan# 0835016777
Owed on First Mortgage$155,000
Second Mortgage0
Owed on Second Mortgage$0
Total Owed$155,000
Shortsale Details
Anticipated Foreclosure DateJan 1, 2008
Accepted by First Mortgage$96,000
Accepted by Second Mortgage$0
Total Accepted$96,000
Total Savings$59,000
Time to Negotiate180 days

I had an ARM that I wasnt aware of and at the same time my mother got really sick. I wasnt able to work as much since I was at home taking care of my mom. I was a contractor for Preforeclosure Specialist so I asked for some help. They got GMAC to discount $59,000 and they sold the house for $105,000. Now I can start over and continue to take care of my mother with no strees and worries.

 

Thank you! Vinh Truong

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