Kevin Vitali successfully closed another Methuen MA Short Sale. The mortgage was held by Bank of America and was backed by the FHA.
One of the advantages of an FHA short sale is that if the short sale is approved the deficiency balance is automatically written off as settled with the credit agencies. This allows the homeowner to move on with out additional recourse from the bank. The FHA will also include up to $1000 in relocation fees for the home seller. The seller will get a check at closing up to $1000.
If you are contemplating a short sale in either Essex County or Northern Middlesex County Massachusetts, give Kevin a call at 978-360-0422. Find out about Methuen MA Real Estate.