Suitland, MD, July 19, 2014 --(PR.com
)-- LaTanya Rowe just closed a Short Sale with Nation Star and Greentree for investor sellers, whose property was located on Lanier Avenue. Nation Star was the first lien holder and Greentree was the second lien holder on the townhouse.
The townhouse was listed for $205,000 and sold for $205,500 where the purchaser used a conventional loan and received no closing assistance from the sellers, NationStar nor Greentree in this short sale. The Sellers received an approval letter from both NationStar and Greentree. An approval was obtained 5 months after the sellers and purchasers signed the ratified contract and settled within 30 days after final approval.
LaTanya Rowe, a Virginia and Maryland Short Sale Specialist under the Keller Williams Metro Center brokerage, put together a comprehensive Maryland, Virginia and Washington DC Savvy Short Sale System for sellers. Homeowners who are facing Maryland, Virginia or Washington DC foreclosure can request a consultation with LaTanya Rowe about their needs. LaTanya Rowe has created a custom hardship package allowing the homeowner to complete the documents required by the bank to ease the process. Although LaTanya Rowe never encourages a Virginia, Maryland or Washington DC Short Sale, many homeowners in this metropolitan area are facing true hardships that force them to attempt a Short Sale rather than face a very public Virginia, Maryland or Washington DC Foreclosure.
Many mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation. With the decreased sales prices and the interest rates on previous sub-prime loans increasing, many DC Metropolitan area home sellers have no choice but to negotiate with the bank to take less on the sale of the property. The seller proves a hardship to the bank which could include high medical bills, loss of income, reduced income, divorce, military transfer, distant employment and other various situations proving the monthly mortgage payments are problematic for the homeowner to pay. The homeowner hires a Real Estate Short Sale agent, such as LaTanya Rowe, to sell their home and negotiate the sale with the bank.
Visit www.MdVaShortSales.com to read more information on Short Sales or www.MdVaShortSales.info to request a confidential consultation.