Another Bank of America Short Sale in Georgia has closed

Nov. 4, 2012 - PRLog -- Another Bank of America Short Sale in Georgia has closed with Athens Short Sale Agent Team.

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Brittany Purcell & Associates closes A Bank of America Short Sale Athens using, The Purcell Method to short sales. 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 Camelot Dr in Athens, Georgia.

The Short Sale had one Mortgage. Therefore this Georgia Short Sale had to be approved with Bank of America. The original list price was $69,900 and it closed at $60,000. This was a cash buyer who received 0% in contributions from the seller or the mortgage companies who held the liens. The deficiency was waived.

Many Athens Area 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 facilitate the sale with the bank.

Brittany Purcell & Associates is an award winning real estate team in Georgia with Keller Williams Realty and is owned by Brittany Purcell - Realtor. Brittany Purcell & Associates consistently ranks in the top 20% of all producing real estate agents in the area.

Brittany Purcell & Associates | Athens & Northeast Georgia Short Sale Services | Keller Williams Realty 3730 Village Way Suite 160 Braselton, GA 30517 | 706-389 0771  

Athens Short Sales, Georgia Short Sales, North Georgia Short Sales