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short sale approval letters
by Jeff Cameron
October 29, 2010
Short Sales
Here is an approval letter from Wells Fargo we received on one of our short sales this month. This is a great letter. They added no “recourse” verbiage as Bank of America is doing on every approved short sale. I want to publicly thank Wells Fargo for being a leader in trying to solve the …
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by Jeff Cameron
July 19, 2010
Short Sales
Above is an example of a Short Sale approval letter from GMAC. This approval letter gives this seller a FULL RELEASE. Every home owner doing a short sale should be looking for a full release, or the bank may pursue them with a deficiency judgment and that would be followed by wage garnishment. The only …
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