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Alameda CA Short Sale SOLD | Shoreline Drive Beachfront Condo

by Scott Fuller on May 7, 2013
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Alameda CA Short Sale SOLD! | Shoreline Drive Beachfront Condo

Alameda CA short sale specialists have sold another short sale in Alameda, this time a beachfront condo on Shoreline Dr. This is a wonderful condo overlooking the water in Alameda, overlooking the bay. Great property out here. This one was a 2 bedroom, 2 bath, 1,360 square feet; very large condo. Had a deck that overlooked the water, right across the street from the beach, down the street from a park. Just a fantastic property.

 

This Alameda CA short sale had a first loan with Indymac. We put it on the market for $349,000. Within a couple of weeks, we had probably 7 or 8 offers up towards $360,000. Did a lot of great marketing on this property and was able to get it into contract very quickly. Sent it over to Indymac for their short sale approval process. It took probably about 45 days to get them to come back with a response and an approval for us. At that time, we were able to get the buyers to close within 30 days.

Great thing about this particular Alameda CA short sale transaction is we were able to get the seller $13,000 at close of escrow.  Indymac sometimes will pay short sale sellers a relocation fee. In this case, we were able to get this particular seller $12,000 at close of escrow. The property closed at $356,000. Buyers were real happy to get in here. The seller, obviously, is real happy to get out of the property, be able to get those relocation funds, and be able to move forward.

If you have any questions about the Alameda CA short sale process works, we cover every city in Alameda and Contra Costa County. Visit our website, or you can contact us at 925-567-6720.

For more info on our past short sales visit out YouTube page!

 

Alameda CA Short Sale SOLD | Shoreline Drive Beachfront Condo

Alameda CA Short Sale SOLD | Shoreline Drive Beachfront Condo

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