Our client bought this dream home on Garrett in Sterling, VA in 2007 for $815,000. But, with income down and expenses up, they could no longer manage the mortgage payment. In this case, we originally listed the home comparable to the area at $699,000. But with no offers, we dropped it to a low of $609,900. At that price, we ratified an offer and pushed the short sale package through. The lenders involved are Bank of America & Green Tree- they approved the short sale and have waived deficiency rights to the remaining balance owed! We closed on this home today at a sale price of $615,000. Congrats to all parties involved. Here are the approval letters for an example. For more info, call or email me at 703-400-6757 or jennifer@jyhteam.com.

Our client bought this dream home on Garrett in Sterling, VA in 2007 for $815,000. But, with income down and expenses up, they could no longer manage the mortgage payment. In this case, we originally listed the home comparable to the area at $699,000. But with no offers, we dropped it to a low of $609,900. At that price, we ratified an offer and pushed the short sale package through. The lenders involved are Bank of America & Green Tree- they approved the short sale and have waived deficiency rights to the remaining balance owed! We closed on this home today at a sale price of $615,000. Congrats to all parties involved. Here are the approval letters for an example. For more info, call or email me at 703-400-6757 or jennifer@jyhteam.com.