Philadelphia, PA, April 25, 2013 --(PR.com
)-- Melanie Banks and Ken Murawski close a NationStar Mortgage Short Sale. Award Winning Short Sale Agent Team closes Pennsylvania Short Sales.
Melanie Banks and Ken Murawski just closed a Short Sale with Nationstar Mortgage for a property on Princeton Ave. in the Lawncrest neighborhood, which is in the Far Northeast area of Philadelphia.
The short sale had one lien holder with Bank of America that was sold to Nationstar mortgage during the short sale negotiating period in December 2012. The original list price was $189,000 and the short sale closed at $125,000. This was a cash buyer who did not receive any contributions from the seller or the mortgage company who held the lien. This short sale took a total of 636 days from list to close. There were two previous short sale negotiators involved. Melanie Banks took over the short sale process in November 2012 for the sellers, and in less than 119 days the short sale was negotiated and closed with Nationstar. The Nationstar deficiency to the seller was waived.
Many Philadelphia mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation. Many Philadelphia home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The home owner hires a Real Estate agent, such as Melanie Banks and Ken Murawski, Short Sale Agents to sell their home and negotiate the sale with the bank.
Melanie Banks and Ken Murawski are an award winning real estate team in Northeast Philadelphia with Keller Williams Real Estate. Melanie Banks and Ken Murawski consistently rank in the top 1% of producing real estate agents at Keller Williams Real Estate
Melanie Banks and Ken Murawski | Northeast Philadelphia Short Sale Services | Keller Williams Real Estate Northeast Philadelphia
1917 Welsh Rd, Philadelphia, Pa 19115
When Ready to sell your Northeast Philadelphia Home - if you owe more than the mortgage, we can help. Call us to discuss short sale options. Northeast Philadelphia Short Sale Specialists with Keller Williams Real Estate NE Philadelphia.