Short Sale Case Study: Homeowner Wipes Out $101,00 In Upside Down Debt

SALT LAKE CITY, UTAH – Here is a case study of a homeowner that wiped out $101,279 in upside down debt. They built a brand new home at the peak of the market.


They were forced to sell for job relocation a few years later. They found themselves upside down, despite that fact that they had put over $50,000 down when they built their home.

They had no choice but to short sell the home. They put it on the market and it sold several months later. At first the lender wanted a promissory note.

But, they refused to accept it. The short sale was declined and the home was put back on the market. A few months later the home sold again.

The short sale was submitted to the lender. The seller’s told the lender that they would not accept a deficiency under any circumstance.

This time the lender approved the short sale with no deficiency or promissory note. According to our calculations the lender lost $101,279.60.

If the home owners had instead waited for the bank to foreclose and then sell the home, then they may have found themselves owing around $120,000 to $140,000.

Thinking about a short sale? I can help you short sale your property and never pay the bank another penny.

Send me an e-mail at forsiecity@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707

Discover how other sellers successfully completed a short sale and request a free consultation by calling me at 801.651.0707

Thinking about a loan modification? Our Utah loan modification kit has the instructions you will need to get a loan modification approved with your bank.

Thanks for reading this, Dave Forsberg.

Dave is a Real Estate Agent at Presidio Real Estate - Bountiful. Bountiful Short Sales Realtor:

Phone: (801) 651-0707.
Email: forsiecity@gmail.com.

Greater Salt Lake Short Sales. Real Help for those that need it most.

Need to sell immediately?  We buy homes and condos in ANY Condition.  Call me at 801.651.0707 for a free consultation.

David Forsberg specializes in loan modification assistance and short sales in Bountiful Utah. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor Bountiful UT Short Sales. Utah Realtor.

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Bountiful Short Sales: Why Should I Short Sale? It Costs You Nothing

Bountiful UTAH – This is a continuation of yesterday's article about short sales. We often get asked if a short sale is even worth the effort.


“Why don’t I just let the bank have the property”, sellers tell us. “I don’t ever think I’ll be able to fix my credit to be able to buy another house.”


Discover how other sellers successfully did a short sale to avoid foreclosure by clicking here.


Short sales are worth the extra effort. They enable you to buy another home much faster than you would have to wait if you experience a foreclosure.


And they cost you nothing. All the costs are covered by your lender. Now, I’m sure you’re thinking, “I might have to pay my agent to sell the house. That sounds risky.”


That is a legitimate concern. Here is why the lenders are willing to pay your agent. If they foreclose on the home, they will have to hire an agent to sell it.


So why not just pay the short sale agent. Extensive studies have been done on the advantages of a short sale versus a foreclosure.


The study results showed that a lender will make more on a short sale than a foreclosure. Oftentimes the difference is huge.


I have seen some lenders lose hundreds of thousands of dollars. They turned down a short sale thinking the home would sell for more as a foreclosure.


The home ended up selling for much less. That is why lenders like short sales and are willing to pay all of the costs. Thinking about a short sale?


I can help you short sale your property and never pay the bank another penny. Send me an e-mail at utahhomesaver@gmail.com. I will contact you for a free consultation.


When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (801) 651-0707


Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a short sale? I can help you short sale your property and never pay the bank another dime. Send me an e-mail at utahhomesaver@gmail.com. I will contact you for a free consultation.  When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call Dave at 801-651-0707.

Thinking about a loan modification? Our Utah Home Saver Loan Modification Kit has the instructions you will need to get a loan modification approved with your bank.  This is a FREE for you, all you have to do is call or  email us today.

Thank you for taking a few minutes of your busy day to read this, Dave Forsberg.

Dave is a Realtor with Prudential Utah Real Estate - Bountiful.

Phone: 801.651.0707   Email: utahhomesaver@gmail.com

Dave Forsberg and The Utah Home Saver Team specialize in helping Davis County, Utah Homeowners short sale and never pay the bank another dime. Bountiful Loan Modification Help, Bountiful Short Sales. Bountiful Short Sale Realtor. Bountiful Realtors. Bountiful Realty. Bountiful Realtor. North Salt Lake Short Sales. Woods Cross Short Sale Realtor. Centerville Short Sales. Farmington Short Sale Realtor. Fruit Heights Short Sales. Kaysville Short Sales Realtor. Layton Short Sales. Layton Short Sales Realtors. Syracuse Short Sales. Clearfield Short Sales Realtor. Davis County Utah Realtor. Stop Foreclosure. Stop Utah Foreclosure. Avoid Foreclosure. Avoid Utah Foreclosure. Foreclosure Alternatives. Utah Foreclosure Alternatives. Bountiful Homes for Sale. Bountiful Houses for Sale.utahhomesaver@gmail.com