Alan Nguyen, Broker/Owner of Infinite Investment Realty, Inc, specializes in the listing and selling of residential properties in San Jose area and greater Bay Area. Whether you’re looking to buy the perfect home or want to maximize your current home sale, Alan is the answer to your real estate needs. Alan also specializes in short sales, foreclosures, and bank owned properties in San Jose, Gilroy, Milpitas, Campbell, Santa Clara, Sunnyvale, Cupertino, Saratoga, Los Gatos, Fremont, Union City, Redwood City.
The Bank of America Cooperative Short Sale. The Bank of America Co-op is what Short Sales should be.
■ Low to no documentation from the Seller.
■ Pre-approved pricing with aggressive price reductions.
■ $2,500 cash to the Seller at closing.
■ Full Waiver of Deficiency.
■ 6% Commission.
■ Can be an investment property.
It’s basically HAFA without all of the paperwork and time delays. One key point is that you want to be sure to go through the Co-op approval process prior to placing the property on the market.
Once you have these things in, the process is very straight forward.
■ List the property at the approved price.
■ Sell it.
■ Upload the contract and HUD into the Equator system.
■ Received the final approval. Usually within 15-30 days
■ Close the transaction.
Please contact me at alan@i2realty.com or call me at 408-835-7743 if you want to do a short sale.
Alan Nguyen, Broker
www.i2realty.com
If you never missed a payment during your Short Sale, your credit should still be reasonably good and there are banks that likely will lend you money right away. However, most people who complete short sales fell behind on payments, and it takes 2 years before they can get another loan. So if you want to unload your upside down home and purchase a lesser home, you have a choice. Obviously, if you’re paying cash, there’s nothing stopping you from buying a home at any time.
If you have any other thoughts, please email me at alan@i2realty.com or call 408-835-7743
Alan Nguyen
http://www.brokeralan.com
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