Posted on Jan 18, 2013 in Roseville and Sacramento Short Sale FAQs

Hi, this is Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialists. I want to talk to you today about a short sale that just got closed. It’s a VA short sale and it’s kind of interesting. The borrower made their payments to a company called Mortgage Investors Corporation and they are actually sub servicing for GMAC. GMAC is the actual servicer of it and VA is backing the loan. So we got this one approved and there were no issues with it. This was probably one of the easier short sales if you want to call any of them easy. The VA actually put a reasonable value on the property, one that was reasonable market value and we had buyers that were willing to pay it. This one actually closed out pretty quickly. If you have a VA short sale that you have some questions on or if it’s another GMAC file or some other servicer out there, feel free to give us a call and we can help you with that. If you have any specific questions or if you are considering a short sale and not really sure if it’s the best option for you, I highly recommend our short or stay calculator on our website. If you plug in your information, it will give you a detailed report on whether or not a short sale might be the right decision for you. It will tell you how long it’s going to take you to break even and how long should you wait. It will also give you some appreciation low, mid and high appreciation differences. We can’t really project accurately obviously the future and how much pricing might go up or how fast it might go up or if the rates might change. So, try that calculator, it’s a great tool to give you a better idea of whether a short sale might be right for you. Again, I’m Mark Peek with Keller Williams Real Estate, your Roseville and Sacramento short sale specialist and I’m here to help answer any questions you may have. Thanks and have a great day.

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