Summit Home Consultants Short Sale Approvals

Below is a list of a few of our recently completed short sales, along with their corresponding short sale approval letters. In ALL cases, we were able to obtain FULL DEFICIENCY WAIVERS for our clients. Eliminating the potential for a deficiency is critical to a successful short sale. Our job is to help you not only get the short sale approved, but to make sure that your lender can NEVER come after you for the deficiency balance.

Bank Of America

-$303,000 owed, sold for $175,000. $137,000 Deficiency, fully-waived by BofA.
BofA Short Sale Approval Letter

-$270,000 owed, sold for $203,000. $84,000 Deficiency, fully-waived by BofA.
BofA Short Sale Approval Letter

-$145,000 owed, sold for $51,000. $94,000 Deficiency, fully-waived by BofA.
BofA Short Sale Approval Letter

-$320,000 owed, sold for $170,000. $150,000 Deficiency, fully-waived by BofA.
BofA Short Sale Approval Letter

-$227,500 owed, sold for $175,000. $52,500 Deficiency, fully-waived by BofA.
BofA Short Sale Approval Letter

-$237,000 owed, sold for $90,000.  $155,000 Deficiency, fully-waived by BofA

BofA Short Sale Approval Letter

Central Mortgage Company

-$197,000 owed, sold for $172,000 (net of $152,349.92 to lender).  $44,650 Deficiency, fully-waived by Central Mortgage Company.

Central Mortgage Short Sale Approval

Chase/EMC Mortgage

-$360,000 owed on 1st Mortgage, $60,000 owed on 2nd, and sold for $330,000. $90,000 Deficiency, fully-waived by Chase, and the seller received a $23,000 check from Chase at the close of escrow! Chase Short Sale Approval Letter

-$337,000 owed, sold for $115,000. $250,000 Deficiency, fully-waived by Chase, and the Seller received a $20,000 check from Chase at the close of escrow! Chase Short Sale Approval Letter

-$837,000 owed, sold for $400,000. $463,000 Deficiency, fully waived by Chase. 2nd Mortgage was a $110,000 HELOC, and Chase waived it for a $15,000 cash contribution from the Seller at close of escrow! Chase Short Sale Approval Letter-1st Mortgage. Chase HELOC Short Sale Approval Letter

-$256,000 owed, sold for $95,000. $174,000 Deficiency, fully waived by EMC/Chase.
EMC/Chase Short Sale Approval Letter

-$74,000 owed on 2nd Mortgage HELOC, settled for $4,346.00, of which $3,000 came from the 1st Mortgage, leaving our client with a cash contribution of $1,346.00 at Close Of Escrow.  Deficiency, fully waived on remaining balance.

Chase Short Sale Approval Letter

CitiMortgage

-$225,000 owed, sold for $104,000. $130,000 Deficiency, fully waived by CitiMortgage.
CitiMortgage Short Sale Approval Letter

-$320,000 owed, sold for $199,000. $143,000 Deficiency, fully-waived by CitiMortgage.
CitiMortgage Short Sale Approval Letter

-$225,000 owed, sold for $150,000. $88,000 Deficiency, fully-waived by CitiMortgage.
CitiMortgage Short Sale Approval Letter

-$220,000 owed, sold for $127,900. $109,000 Deficiency, fully-waived by CitiMortgage.
CitiMortgage Short Sale Approval Letter

GMAC Mortgage

-$265,000 owed, sold for $94,900. $178,000 Deficiency, fully-waived by GMAC.
GMAC Short Sale Approval Letter

-$128,000 owed, sold for $69,900. $66,000 Deficiency, fully-waived by GMAC.
GMAC Short Sale Approval Letter

-$181,000 owed, sold for $97,900. $96,000 Deficiency, fully-waived by GMAC.
GMAC Short Sale Approval Letter

-$250,000 owed, sold for $139,900. $124,000 Deficiency, fully-waived by GMAC.
GMAC Short Sale Approval Letter

-$208,000 owed, sold for $144,500. $87,000 Deficiency, fully-waived by GMAC.
GMAC Short Sale Approval Letter

HSBC

-$160,000 owed on a HELOC 2nd Mortgage. Seller made a cash contribution of $7,000, and the $153,000 Deficiency was fully-waived by HSBC.
HSBC Short Sale Approval Letter

LBPS/Seterus

-$240,000 owed, sold for $169,900. $80,000 Deficiency fully-waived by Seterus/LBPS.
Seterus Short Sale Approval Letter

-$187,500 owed, sold for $60,000. $133,500 Deficiency fully-waived by LBPS.
LBPS Short Sale Approval Letter

-$275,000 owed, sold for $155,000. $127,000 Deficiency fully waived by Seterus/LBPS.
Seterus Short Sale Approval Letter

-$220,000 owed, sold for $102,000.  $134,000 Deficiency fully waived by Seterus/LBPS.

Seterus Short Sale Approval Letter

Litton

-$86,000 owed on HELOC 2nd Mortgage, settled for $6,000 from 1st Mortgage. $80,000 Deficiency fully waived by Litton.
Litton HELOC Short Sale Approval Letter

MetLife

-$181,000 owed, sold for $115,000. $75,000 Deficiency fully waived by MetLife.
MetLife Short Sale Approval Letter

Nationstar Mortgage

-$177,000 owed, sold for $144,000 (net of $128,301 to Nationstar).  $15,699 Deficiency fully waived by Nationstar Mortgage.

Nationstar Short Sale Approval

PHH Mortgage

-$320,000 owed, sold for $170,000. $164,000 Deficiency fully waived by PHH Mortgage.
PHH Mortgage Short Sale Approval Letter

USAA

-$264,000 owed, sold for $134,900. $142,000 Deficiency fully-waived by USAA.
USAA Short Sale Approval Letter

Wells Fargo

-$380,000 owed on 1st Mortgage, and $120,000 owed on HELOC 2nd Mortgage. Sold for $380,000. Total Deficiency was $140,000, and Seller received a full deficiency waiver on both the 1st and 2nd mortgages, and walked away with $3,000 from HAFA.

Wells Fargo HAFA Short Sale Approval Letter

-$240,000 owed on 1st Mortgage.  Sold for $110,000.  Total deficiency was $145,000, and Seller received a full deficiency waiver for the balance.  Wells Fargo Short Sale Approval Letter

We are always only a phone call away, so if you have any questions about Arizona short sales, what your options may be or just want someone to talk to about your situation, give me a call directly, and I'll be glad to help.

Bob-