Katy TX 77450 Shortsale

Shortsale Details

Anticipated Foreclosure DateJan 1, 2008
First Mortgage
with GMAC Loan# 0835016777
Total Owed$155,000.00
Market Value$120,000.00
Accepted by Debt Holders$96,000.00
Time to Negotiate Shortsale180 days

Property Location

Property Details

AddressKaty, TX 77450
SubdivisionCanyon Gate

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

ShortSale Approval Letter

Short Sale Documents