Did you receive a letter in the mail from us regarding a short sale program that you qualify for? McBride Kelly & Associates Realty has partnered with Wells Fargo, World Savings, and Wachovia, to help homeowners who currently owe more than their home is worth. Certain types of these loans qualify for the below assistance:
Certain loans have been classified as higher-risk loans as a result of: dropping property values, negative amortization, balloon loan, etc. Banks want to be proactive in assisting these homeowners who may run the risk of future default on these types of loans.
No. If your loan qualifies, you will not have to be behind on your mortgage.
We will negotiate a payoff with your second mortgage in order to have both released at closing. Second mortgages are common in this program and we are trained to handle them accordingly.
This type of short sale approval includes a deficiency waiver. The lender will not seek future damages from the customer.
It varies from loan to loan, but overall it is very light.
Since they have already been selected by the lender, it can take as little as 30-45 days.\
It varies, but up to $5,000.
Contact us today and we will setup a private interview at your convenience to discuss your options!