Houston TX 77082 Shortsale

Shortsale Details

Anticipated Foreclosure Date	May 1, 2012
First Mortgage with Bank Of America	$139,244.00
Second Mortgage with bank surrenders	$6,000.00
Total Owed	$145,244.00
Market Value	$70,000.00
Accepted by Debt Holders	$65,202.00
Savings	$80,042.00
Time to Negotiate Shortsale	36 days

Client Testimonial

On a final note, last night was the first night in awhile that I was able to sleep well because I felt at ease knowing that I have your company to guide me through the foreclosure process so thank you.

Property Location

Property Details

Address	Houston, TX 77082
Subdivision	Ashford Park
County	Harris County

Loan Number: 221867121 I have completed my review of this file. Based on HUD Guidelines, I have verified that the Seller qualifies to Participate in the Pre-Foreclosure Sale Program. I have requested the file proceed to the next Phase and be assigned to your Phase 2 Negotiator. Please allow 7-10 business days for the file to be assigned. Your Phase 2 Negotiator will be contacting you within 3-5 business days of being assigned and will be issuing you the Approval to Participate (Seller’s Approval).

If you have a current Buyer please have a HUD-1 prepared. Please ensure the offer is netting 88% of the appraised value. The appraised value of the property is $70,000.00.

Please feel free to contact me if you have any further questions and/or refer to Mortgagee Letter 2008-43 for more information.

Thank you for your continued participation in the Pre-Foreclosure Sale Program.

Thank you,

Victor Sturgis

Short Sale Negotiator

FHA Short Sale

Bank of America Home Loans

Phone: 904-987-3313

Fax: 877-859-3962

Email: victor.sturgis@bankofamerica.com