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410 FERN MEADOW MISSOURI CITY Texas 77459 Preforeclosure Shortsale

Property Details
Market Value$160,500
Address410 FERN MEADOW
MISSOURI CITY, Texas 77459
SQFT3114
Bedrooms4
Bathrooms3
Stories2
Year Built1994
SubdivisionOyster Creek Village
CountyFort Bend
Financial Details
First MortgageWashington Mutual Loan# 0666187489
Owed on First Mortgage$200,000
Second MortgageEmc Loan# 0011457603
Owed on Second Mortgage$47,500
Total Owed$247,500
Shortsale Details
Anticipated Foreclosure DateJul 1, 2008
Accepted by First Mortgage$150,692
Accepted by Second Mortgage$45,500
Total Accepted$196,192
Total Savings$51,308
Time to Negotiate28 days
I had a distressed client that was facing foreclosure and wanted to desperately help. I found Preforeclosure Specialist through the internet and decided to give them a call. With in a week, I gave Elizabeth Nguyen all the necessary documents to start the shortsale. She quickly got it approved so that I could find a new buyer. The first lender ,Wamu discounted $44,308 and the second lender, EMC discounted $45,500. With in weeks we were able to find a new buyer and save my client going into foreclosure

Short Sale Location


Short Sale Documents