FHA Short Sale Elk Grove – SOLD by Short Sale Specialist Allan Sanchez
Many people think that you can’t short sale a home with a FHA mortgage. In fact, you can! Take a look at this FHA short sale I just sold in Elk Grove. 4809 Noriker Drive had a FHA loan with Bank of America. This is a lovely 4 bedroom, 2 bath home that closed for $185,000.
FHA short sales are different than typical short sales. Elk Grove short sale agents can get a FHA pre-approval with a pre-approved list price BEFORE listing the house on the market. Once, FHA gives their pre-approval it’s pretty easy to find a buyer. The agent will submit it to the bank and it takes about 30 days to get the short sale approval. This eliminates the long wait times by buyers and lessons the chance they will get discouraged and move on to another property.
Elk Grove short sale sellers can also get move-out assistance with FHA short sales. In this case, the buyer got $1000 for participating in the short sale…not bad!
Elk Grove short sales, especially FHA short sales, are very different from traditional sales. Only Elk Grove real estate agents with short sale experience understand how to negotiate with the bank, submit a complete short sale package, and secure a short sale approval. Unfortunately, some agents attempt short sales without realizing it’s a specialty. They end up going nowhere and wasting the seller’s valuable time, often costing them the opportunity to short sale.
See if you qualify to sell your Elk Grove home as a short sale.
FHA Short Sale Elk Grove – SOLD by Short Sale Specialist Allan Sanchez
Posted by Elk Grove Real Estate Agent – Allan Sanchez
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