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8227 COOLSHIRE HOUSTON TEXAS 77070 Preforeclosure Shortsale

Property Details
Market Value$110,000
Address8227 COOLSHIRE
HOUSTON, TEXAS 77070
SQFT1938
Bedrooms4
Bathrooms2
Stories1
Year Built1972
SubdivisionPrestonwwod Forest
CountyHarris
Financial Details
First MortgageWashington Mutual Loan#0044151983
Owed on First Mortgage$120,000
Second Mortgage0
Owed on Second Mortgage$0
Total Owed$120,000
Shortsale Details
Anticipated Foreclosure DateJul 1, 2008
Accepted by First Mortgage$110,000
Accepted by Second Mortgage$0
Total Accepted$110,000
Total Savings$10,000
Time to Negotiate63 days

I first listed my home for $145,000. After 8 months, I reduced it to $125,000 and there were still no offers. My payoff at the time was $120,000. I decided to let the property go into foreclosure. However, my husband didnt want his credit ruined so we contacted Julie Nguyen at Preforeclosure Specialist. They held an auction at the property and within 10 days I got an offer at $110,000. Two months later Wamu excepted the short sale and our credit was saved from foreclosure.

Short Sale Location


Short Sale Documents