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…Read More→
GMAC SHORT SALE APPROVAL LETTER – WHAT TO LOOK FOR TO GET FULL RELEASE
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…Read More→
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