Atlanta, GA (1888PressRelease)
February 23, 2012 - The Scott and Nadine RE Team at Keller Williams Atlanta Partners just closed a Short Sale with Wells Fargo for a property on the street: Coan Road in Locust Grove,Georgia. There was one lien holder. The property was originally listed for $62500 and sold for $59999 with 3% closing costs or contributions from the bank. It took 63 days from accepted offer to approval and the seller was waived of any deficiency pursuit AND received $750 from Wells Fargo!
Many Atlanta mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is becoming excessive in Atlanta. With the prices of Atlanta,Georgia homes decreasing, and the interest rates on previous subprime loans increasing, many Atlanta 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 The Scott and Nadine RE Team at Keller Williams, Certified Short Sale Agents to sell their home and negotiate the sale with the bank.
The Scott and Nadine Team with Keller Williams Atlanta Partners is a High Level Professional Real Estate Group that provides Real Estate Services in the Atlanta,Georgia Real Estate Market. We offer Seller and Buyer Brokerage, Luxury New Home Marketing, as well as Short Sale facilitation. We offer over 28 years of combined dedicated professionalism.
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