Martinez Short Sale Realtor Closes Another Martinez Short Sale on Horizon Dr. near the Lafayette and Pleasant Hill borders
Martinez Short Sale Realtor is excited to have closed another Martinez Short Sale located at 780 Horizon Drive. This property is a real nice, single story, single family residence, four bedroom, two bath, about 1900 square feet. Has a real nice pool in the back yard with plenty of grass and recreation area, also includes a large shed on the side of the house. Actually, this is a property where the tenants had been living in the property, renting it for a couple of years.
Unfortunately, the owner was upside down every month on the mortgage payment. Rents didn’t cover the mortgage payment. He had to get rid of it, so, he called up the Martinez short sale realtor Scott Fuller, and said, “Can you do a short sale on this for me?” As it turns out, the tenants were in a position to be able to purchase the property, even though they had done a short sale a few years prior.
We were able to get the tenants to purchase this Martinez short sale for $510,000, well below the market value for this neighborhood in Martinez. The first loan for the seller was Nationstar Mortgage, and the second loan was called SLS. That is a smaller servicing company that started take over more short sale loans for second lien holders. Many investment property owners are under the incorrect assumption that you cannot sell a home as a short sale if it was an investment property. That is not true, and your Martinez short sale realtor Scott Fuller has successfully closed dozens of these types of transactions.
If you have any questions on how to do a short sale in Martinez, or anywhere else for that matter, we’d be happy to have a no cost consultation to talk to you about how the process works, and more importantly, we take care of the entire process for you. It does not cost you anything so let us know how we can help!