Award Winning Short Sale Agent Team closes Georgia Short Sales.
Brittany Purcell & Associates just closed a Short Sale with Bank of America for a property on the street Dillard Heights Drive in Bethlehem, Georgia which is just outside of Athens.
The Short Sale had one Mortgage. Therefore this Georgia Short Sale had to be approved with only Bank of America. The original list price was $109,900 and it closed at $109,900. This was an FHA buyer who received 1% contributions from the seller or the mortgage companies who held the liens. The deficiency was waived. The seller also received $4,000 in relocation assistance from Bank of America and was able to use that money to pay off 2 FIFA liens and an HOA lien on the property. She walked away with $1500 cash from the relocation assistance provided.
Many Athens mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in Athens. With the prices of Athens homes decreasing, and the interest rates on previous subprime loans increasing, many Athens 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 Brittany Purcell & Associates, Short Sale Agents to sell their home and negotiate the sale with the bank.
Brittany Purcell & Associates is an award winning real estate team serving Athens, Georgia with Keller Williams Realty and is owned by Brittany Purcell Realtor. Brittany Purcell & Associates ranks in the top 20% of all producing real estate agents in the area.
Brittany Purcell & Associates | Athens Georgia Short Sale Services | Keller Williams Realty |
3730 Village Way Suite 160 Braselton, GA 30517 | 706-389-0771 http://www.NGeorgiaShortSaleServices.com | http://www.BrittanySells.com
Athens Short Sales, Georgia Short Sales, North Georgia Short Sales