Oakland CA Short Sale SOLD | 3018 Madeline St. Oakland CA
Another very happy Oakland resident has just completed a short sale in the Laurel District. This property is located at 3018 Madeline Street Oakland CA. This particular property is a single-family residence; 2-bedroom, 1-bath, about 1,000 sq ft. Owner did some very nice updates throughout the kitchen. For a smaller square footage home, very nice layout. It looks a lot bigger than it actually is. They also had added on to the garage, added on some living space back there, which included probably about 600 or 700 more square feet. Very nice property.
We listed this Oakland CA short sale on the market for a little bit over $400,000. Short sale with Bank of America being the first lien holder. We were able to get this into a contract in less than a week with multiple offers. We submitted this over to Bank of America. In less than 60 days, we had a full approval, including the ability to get the seller about $11,000 in relocation assistance, which of course, certainly helped them to be able to find a new place to move to and have all their expenses taken care of. $3,000 came from the government HAFA short sale program, the other $8,000 was given to the seller as an incentive from the investor. Again, we closed this Oakland CA short sale at about $415,000 final sales price.
If you have any questions about doing a short sale yourself in Oakland CA or elsewhere, if you’re upside-down on your property and you own more than what the value is right now, we’d be happy to tell you about how the process works; tell you about what your options are, what the timeframes are, and certainly, what some of the benefits to you being a short sale seller could be. If you have any questions or if you’d like a free consultation, you can reach us at www.EastBayShortSaleGroup.com. Be happy to answer any questions that we can for you. Again, we service all of Alameda and Contra Costa County.
- 3018 Madeline St, Oakland
We have closed over 
