We heard that Wachovia is giving short sale approvals in days. They have been successful in other areas and are now coming to the south land.
Most banks are taking 4-6 months to approve a short sale. Wachovia wants to get it done fast. In addition to that, they may be giving you, the seller, a walk-away price of 1% of the home price. Which means, they’ll let you walk away with cash in your pocket at the end of the day, equal to 1% of the sales price.
As we understand, they are not requiring all the financial documents normally required when submitting a short sale package. You also don’t have to prove to them that you are worthy of the short sale process. What they want to see is a sales contract with a buyer at fair market price.
If you have a Wachovia home loan, please contact us. Our team will work on it right away. We’ll market your home and promote it to find buyers quickly and provide and assist with the forms and documents to submit to Wachovia. So, if you do need to sell your home as a short sale (your home is worth less than your loan amount), please call today at 661-726-0696 or email here.