The Barr Team did it again! We helped another of our clients with another successful short sale closing, allowing them to settle their debt with their lender.
We closed 5512 Piercy Avenue in Lakewood. The homeowner had two different loans on the house, from SPS and SLS, totaling $850,000. We helped the homeowners negotiate a sale price of $610,000, allowing them to settle their debt with both lenders, allowing them to start a new chapter in their lives.
Short sales are meant to help homeowners that have had some type of financial hardship and were no longer able to make their mortgage payments. Instead of getting their house repossessed, short sales allow homeowners to sell their home for less than what is owned on the mortgage to settle their debt with their home lender. After a short sale, the homeowner will not owe their lender the difference on the loan, and the account will be settled.
Contact us today to see how we can help you get out of your debt and start a new chapter in your life.