The IML Real Estate Blog

If your Orange County home is underwater and you need to sell,  find an agent that is experienced with short sales and has a track record of protecting clients from deficiency judgments, promissory notes and seller contribution requirements.

RECENT ACHIEVEMENTS

(Our Last 4 Short Sale Transactions)

Chase 1st / Cadlerock 2nd: Sale Price $1,800,000 (Total Balance Owed of $3,205,728)

Chase 1st with a balance of $2,730,728.  Chase accepted short payoff of $1,650,014.

Cadlerock 2nd with a balance of $475,000. Cadlerock accepted short payoff of $35,000.

No Seller Contribution, No Promissory Note. 

GMAC 1st / Citmortgage 2nd: Sale Price $295,000 (Total Balance Owed of $491,126)

GMAC 1st with a balance of $395,700. GMAC accepted short payoff of $266,243.

Citimortgage 2nd with a balance of $95,426.  Citimortgage accepted short payoff of $9,600.

No Seller Contribution, No Promissory Note.  GMAC waived their deficiency rights.

OneWest 1st / OneWest 2nd: Sale Price $143,000 (Total Balance Owed of $271,575)

OneWest 1st with a balance of $227,920. OneWest accepted a short payoff of $124,490.

OneWest 2nd with a balance of $43,655. OneWest accepted a short payoff of $2,000.

No Seller Contribution, No Promissory Note. Both loans were non-recourse (purchase) loans.

OneWest 1st / GreenTree 2nd: Sale Price $113,000 (Total Balance Owed of $290,465)

OneWest 1st with a balance of $233,410. OneWest accepted a short payoff of $97,424.

GreenTree 2nd with a balance of $56,945. GreenTree accepted a short payoff of $5,850.

No Seller Contribution, No Promissory Note.  Both loans were non-recourse (purchase) loans.

No Matter How Large Or Small The Transaction, We're Here To Help Protect Your Interests If You Need To Sell Your Underwater Home.  Choose With Confidence When You Choose IML Real Estate To Sell.

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