3611 Dunsinane Drive, Silver Spring, MD
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$ Click for current price
4 BEDROOMS | 4 (3 full, 1 half ) BATHROOMS | 2024 SQUARE FEET
Property Description
Keji & Associates of Fairfax Realty, Inc a Real Estate Agent Team, Closes Another Short Sale In Silver Spring Maryland- May 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 Silver Spring. Keji & Associates, specializing in Short Sales has successfully closed another short sale transaction where there are 2 different lenders and 2 additional lien holds (Specialized Home Loan, Bank of America, Condominium Lien and Credit Union ) accepted a short amount on the Silver Spring detached Real Estate, saving the seller from becoming another Maryland Foreclosure statistic.
This large 3 level townhouse house on Dunsinane Dr in Georgian Colonies, Silver Spring was sold for $175,000. it was originally listed for $174,500 in February 2015, and within a few days multiple offers are received.
The seller 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 and also $10,000 in relocation assistance for successfully completing the short sale.
The home buyers of this short sale in Silver Spring are investors looking to add to their rental portfolios. The buyers waited patiently for 90 days to get the short sale approved, as with all short sale it takes time to get them approved.
The seller on Dunsinane Dr in Georgian Colonies in Silver Spring was in default for over one year facing foreclosure in Silver Spring , with outstanding balance of $376,000 for the first lender, $68,000 for the 2nd lender, $14,500 for Condominium and $8600 for the credit union. They've tried unsuccessfully to modify the loan, sell it with another broker.
The home owner contacted Keji & Associates to process and negotiate a Silver Spring 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 house. 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 and buyers of short sale 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 Silver Spring in hopes of recovering quickly credit wise and have the ability to purchase another house in 2 years
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About:
Keji & Associates of Fairfax Realty specializes in Silver Spring, Bowie, Fort Washington, Silver Spring Real Estate, short sales and Silver Spring Foreclosures.
Contact:
Keji & Associates of Fairfax Realty,Inc
10210 Greebelt Rd #120
Lanhham, MD 20706
301-613-2043
301-794-9400
