Houston TX 77070 Shortsale


Shortsale Details

Anticipated Foreclosure DateJul 1, 2008
First Mortgage
with Washington Mutual Loan#0044151983
$120,000.00
Total Owed$120,000.00
Market Value$110,000.00
Accepted by Debt Holders$110,000.00
Savings$10,000.00
Time to Negotiate Shortsale63 days

Client Testimonial


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.

Property Location


Property Details

AddressHouston, TX 77070
SubdivisionPrestonwwod Forest
CountyHarris

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.


ShortSale Approval Letter

Short Sale Documents