Short Sale, Preforeclosure, and Bank owned Information in the Bay Area

Wachovia has increased their incentive for you to short sale your home this month of October 2009. If you can't afford to make your payments and your equity is upside down, see if you can apply for a loan modification by calling 888-308-3964. If you don't have a job or can't prove your income you will not qualify for the loan modification and the short sale will be your next best option. Wachovia will pay up to $5000 for you to list and short sale your home and they have a very quick turn around time for approvals here in the Bay Area. The vice president of the Wachovia short sale department here in Livermore told us they can have an approval within a week since they currently don't require income documentation or a hardship. You don't have to be late to short sale your home and ti can be your owner occupied property, second home or investment property. If anyone decides to walk and think that's their best option the lender will 1099 you for the full amount. Call me today to go over your options.

Good Afternoon,

If you or someone you know has a Wachovia home loan in California and they are struggling to make their mortgage payments and are coming up on a foreclosure, even if they are current, 1 or 2 months behind and short sell their home, Wachovia will pay the homeowner $2500 at the close of the sale. This is good for this month only and I received this news from the VP of Wachovia short sale.