Dawn Loding, Realtor
The Loding Group
New Braunfels Short Sale Specialist, closes another Wells Fargo Short Sale for a
homeowner in New Braunfels TX
Dawn Loding, short sale agent in New Braunfels at Keller Williams Realty New Braunfels, has solved
The property on Kraft Lane was listed for $120,000 and closed at $105,000 with $3,000 credit to the seller to assist with moving, from Wells Fargo. Offer was a cash offer and took a little over a month to get approved from Wells Fargo, and less than two weeks to close after approval.
The sellers on Kraft were in default due to very unfortunate circumstances and the homeowner was facing Foreclosure in Texas. After many negotiations with the bank with no solutions, the home owners contacted The Loding Group to negotiate a New Braunfels short sale on their behalf. The process was not easy, but with the strong negotiating powers, problem solving and a comprehensive marketing process, Dawn Loding achieved the difficult approval to close the home. As with all New Braunfels short sale approvals, there must be a ready & willing buyer to purchase the home at what the bank considers “fair market value” based on their appraisers values. The seller opted to short sale their home rather than allow a New Braunfels Foreclosure in hopes of having a better credit score and the ability to purchase Texas Real Estate again in approximately 2 years. This is also a much better option for our community as it keeps our foreclosure rates low.
Dawn Loding, a New Braunfels Short Sale Specialist under the brokerage Keller Williams Realty New Braunfels has closed several Short Sales in her Real Estate career. Her passion is to help people in need of assistance in this delicate financial situation. Homeowners who are facing Texas foreclosure can request a consult with Dawn to go over their needs. In addition, Dawn Loding has created a custom hardship package allowing the homeowner to complete the documents required by the bank to ease the process. Although The Loding Group never encourages a Short Sale, many homeowners in New Braunfles and surrounding areas are facing true hardships that force them to attempt a Short Sale rather than face Texas Foreclosure.
Many mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, and although it is not common in our area of New Braunfels, when a homeowner does find themselves in this situation, it is of the most importance to find a Realtor who is familiar with the Short Sale Process. Even though home values in the New Braunfels or San Antonio area are not really decreasing, the interest rates on previous subprime loans are still increasing, as well as the many other situations with our economy, many home sellers have no choice but to negotiate with the bank to take less (also known as a “short”) on the sale of the property. The seller proves a hardship to the bank which could include divorce, loss of income, health issues and other various situations proving the monthly mortgage payments are impossible for the homeowner to pay. The homeowner hires a Real Estate agent, such as Dawn Loding, Short Sale Agent to sell their home and negotiate the sale with the bank.
If you find yourself in this situation, call me today, don't wait another minute! Let me help get you the assistance you deserve to do a Short Sale in New Braunfels, TX.
Dawn Loding, Realtor
Keller Williams Realty
830-481-7580
