A lovely couple spent close to three years working diligently to try and save their Alta Dena home by applying for all loan modification programs available including NACA; seeking to get their $638,000 loan balance reduced on their home value that was estimated at $450,000. Unable to get the reduction they contacted Advant Wealth, and we were successful in getting Bank of America to agree to a short sale for $324,400.
This allowed the owners to stay in their house during the 6 month negotiation phase, as well as receive $30,000 in relocation funds. They were able to walk away from $188,000 in negative equity without recourse from Bank of America, and without tax liability. After rehabilitation of the property, Advant Wealth was then able to sell the property for $555,000.
Alta Dena, CA 91001
Selling Price: 555,000
Sq ft: 1228