Katy TX 77450 Shortsale
Shortsale Details
| Anticipated Foreclosure Date | Jan 1, 2008 |
| First Mortgage with GMAC Loan# 0835016777 | $155,000.00 |
| Total Owed | $155,000.00 |
| Market Value | $120,000.00 |
| Accepted by Debt Holders | $96,000.00 |
| Savings | $59,000.00 |
| Time to Negotiate Shortsale | 180 days |
Property Location
Property Details
| Address | Katy, TX 77450 |
| Subdivision | Canyon Gate |
| County | Harris |
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
Appraisal
HUD
GMAC FINANCIAL STATEMENT
