Tuesday, March 17, 2015

Just Sold Another Short Sale in Upper Marlboro: 10505 Babbling Brook Ct, Upper Marlboro

Just Sold Another Short Sale  in Upper Marlboro: 10505 Babbling Brook Ct, Upper Marlboro


Keji & Associates of Fairfax Realty, Inc a Real Estate Agent Team, Closes Another  Short Sale In Upper Marlboro  Maryland- February 2015

Keji & Associates, experienced short sale agents  at Fairfax Realty, Inc has helped another seller avoid foreclosure by successfully selling the house short sale in Upper Marlboro. Keji & Associates, specializing in Short Sales has successfully closed another short sale transaction where a lender( Chase Home Loan) accepted a short amount on the Upper Marlboro detached Real Estate, saving the sellers from becoming another Maryland Foreclosure statistic.


The large detached house on Babbling Brook Ct in Marlton was sold for $250,000 after being listed for over 90 days, the short sale lender(Chase Home Loan)  accepted the current market value and also allow $5000 for the buyers to use  towards closing cost. The sellers in return got a full deficiency waiver, that is they will not be responsible for the difference between what they owe and what the property sold for.
The home buyer of this short sale in Upper Marlboro are move up buyers looking for a large house in Upper Marlboro and this house in Marlton meets their need. The buyers waited for 45 days to get the short sale approved and took them  40 days to close.

This detached house  in Upper Marlboro was  bought for  $265,000  in 2010,with the sellers facing financial difficult they are unable to keep the house and decided to sell short sale.


 The sellers on Babbling Brook ct Upper Marlboro were  in default for about one year  facing foreclosure in Upper Marlboro. After many negotiations with the bank with no solution, the home owner contacted Keji & Associates to process and negotiate a Upper Marlboro  short sale on their behalf. The process was very tedious, but working with a  knowledgeable team, a comprehensive marketing plan and a detailed title company, Keji & Associates successfully got the short sale approved to close the townhome. As with all  short sale process, all the parties involved must be willing and ready to corporate to provide all the documents that are required. As with all buyers of short sale in , they must be patient and willing to purchase the home at what the bank considers a fair market value based on their appraiser. The seller decided to do short sale rather  than allow another foreclosure in Upper Marlboro  in hopes of recovering quickly credit wise and  have the ability to purchase another house in 2 years

Keji & Associates of Fairfax Realty, a top team of short sale specialist has put together a comprehensive team to assist home owners facing foreclosure. Home owners who are facing  foreclosure can request a no obligation consultation with them to discuss their needs. Additionally, the team has created a custom package tailored to each mortgage lender and  servicers allowing the homeowners to complete the required document quickly. Many homeowners in the metro area  and surrounding areas are facing true hardships that force them to consider a Short Sale rather than face foreclosure.


Many Upper Marlboro  mortgages still exceed the fair market value of the property. Negative equity is an increasing problem in Maryland, but it is excessive in Prince George's county. With the price of homes not increasing as it did back in 2006 and
many home sellers have no choice but negotiate with the bank to take less than what they owe also known as short on the sale of the property. The seller will need to prove a hardship to the bank which could include loss of income, health issues, divorce , excessive use of credit and other various situation that make it impossible for home owner to continue paying the monthly mortgage. The homeowners hires a Real Estate Agent ,such as Keji & Associates , Short Sale Agents to sell their home and work with the bank to accept the current market value.

Related Article:
About:
Keji & Associates of Fairfax Realty specializes in Upper Marlboro, Bowie, Fort Washington, Silver Spring Real Estate, short sales and  Upper Marlboro Foreclosures.
Contact:
Keji & Associates of Fairfax Realty,Inc
10210 Greebelt Rd #120
Lanhham, MD 20706
301-613-2043
301-794-9400


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