Here's an example of recent short sale with Quicken Loan for a home in Virginia.

Contact us if you have any questions concerning short sales in Virginia, Maryland, DC & Illinois.

Simon Hahn -    Quicken Loans short sale specialist for homes in Virginia, Maryland, Washington DC and Illinois.

703-662-1466

We recently completed a short sale with Charter Bank.  The loan was originally serviced by Loancare and then they transferred to Capital Mortgage.  

Quick Facts

Hardship: Decrease in income

Days for Approval:  Over 3 months after loan was transferred.

Amount Forgiven: $250,000+.

Missed Payment: Yes

Contact us if you have any questions concerning Chater Bank (Capital Mortgage) short sale or short sales in general.

Hahn Group  703-662-1466

We recently received a short sale approval for a National Mortgage short sale.  Hopefully you'll find this helpful.

Quick Facts

Hardship: Decrease in income

Days for Approval: 2 months+

Amount Forgiven: ~$60,000.

Missed Payment: Yes

Lessons Learned: Nationstart Mortgage is little bit slower than others so it's important to stay on top of things.  Depending on the net amount they receive, they will either release deficiency or seek it.  In this case, Nationstar is releasing deficiency. 

Contact us if you have any questions concerning Nationstar Mortgage short sale or short sales in general.

Hahn Group - Nationstar Mortgage Short Sale Specialist

703-662-1466

Simon Hahn Group is listing this beautiful 2 BR, 3 BA townhome in Centreville, VA.  It's listed at $229,900.  Bank involved is ASC and Citimortgage. 

Contact us if you have any questions concerning ASC short sale or short sale with bank.

Simon Hahn - Centreville Short Sale Specialist / Expert

703-662-1466

http://www.ftc.gov/opa/2010/11/mars.shtm

We have never collected fees from any homeowner in the last 4 years.  Anytime someone asks for upfront fee, be skeptical.  There are plenty of agents and services out there that do not charge any upfront fee.  Agents are paid by bank in the form of commission.   

Contact us if you have any questions concerning this short sale or if you're thinking about listing your home as a short sale.

Simon Hahn - Virginia Short Sale Specialist

703-662-1466

We recently completed a short sale with Ocwen Loan Servicing.  Fortunately, the borrowers didn't have to bring any cash or sign any promissory note.  The borrowers were forgiven of their debt. 

Quick Facts

Hardship: Decrease in income

Days for Approval: 14 days

Amount Forgiven: ~$100,000.

Missed Payment: Yes

Lessons Learned: Ocwen Loan Servicing is very quick with their short sale process.  One important thing to remember is that once Ocwen set a foreclosure date, Ocwen will not postpone the foreclosure date even with an active short sale contract.  I hope this was an isolated case but we had to push the file along quickly to avoid foreclosure.

Contact us if you have any questions concerning Ocwen short sale or just short sale in general.  We have successful completed well over 100 short sales to date.  

Simon Hahn - Ocwen Loan Servicing Short Sale Specialist

703-662-1466

Simon Hahn Group is listing this beautiful 3 BR, 2.5.5 BA townhome in Tysons Corner (Dunn Loring), VA.  This home shouldn't last too long so contact us if you want to see this home.  It's priced at $570,000. 

Contact us if you have any questions concerning this short sale or if you're thinking about listing your home as a short sale.

Simon Hahn - Tysons Corner/ Dunn Loring, VA Short Sale Specialist

703-662-1466

Quick Facts

Hardship: High debt ratio

Days for Approval: Initially 2 months.  The negotiator forgot that there was a second lien. This resulted in about 4 month delay.  So all in all it took 6 months.  

Amount Forgiven: ~$125,000.

Missed Payment: None

Lessons Learned: Capital One is going through some internal changes with their short sale process.  They closed down their Laurel, MD office causing this delay.  We did a short sale earlier this year that took little over a month.  However these days it's common for Capital One short sale to take much longer.  This transaction was a little tricky because we had to get mortgage insurance approval of the short sale as well.  We actually contacted MI directly speeding the process.  We had 3 negotiators along the process.  Whenever there's a change in negotiator, the process can slow down because it takes some time for the new negotiator to get up to speed.  Patient and persistence is the key.  

If you have any questions concerning Capital One / BF Saul short sale, contact us.  We have proven record with Capital One short sales.  We can help you with Capital One short sales in Virginia, Maryland, Washington DC and Illinois. 

Here's the copy of the short sale approval letter.  Although this letter does not mention anything about 1099 or tax consequences, we have in writing that they will issue 1099.  Download PDF copy of Capital one short sale approval letter.

If you have any questions about Capital One short sale or any short sale, please contact us for free, confidential consultation.

Hahn Group Realty

Keller Williams Realty

703-910-3157 Direct

866-348-5461 Fax

Quick Facts

Hardship:  Loss of job

Days for Approval: 60 days for initial response. After the first buyer walked, it took 14 days for approval on the second offer.

Amount Forgiven:  ~$175,000 with deficiency waived.

Missed Payment: Forced to miss one payment after the first buyer walked but mostly current.

Lessons Learned:  Acacia takes little longer than other banks so staying on top of communicating with the bank is important.  The first buyer walked after the bank countered the buyer's offer by 10%.  

Here's the Acacia Federal Savings Bank short sale approval letter.  On second page, the banks states "The preforclosure sale may have an impact on your income taxes. You should consult with your tax preparation professional.  Additionally this transaction will be reported to the credit bureau as 'Settled in full for less than total payoff.'"  According the attorney, this is a good letter.  

If you have any questions concerning Acacia Federal Savings Bank short sale, contact us.  We have proven record with Acacia short (preforeclosure) sale.  We can help you with Acacia short sales in Virginia, Maryland, Washington DC and Illinois. 

Simon Hahn - Keller Williams Realty

14155 Newbrook Drive Suite 100

Chantilly, VA 20151

703-662-1466 (Direct)

703-815-5700 (Broker)