Brittany Purcell & Associates closes another short sale with Bank of America
Online PR News – 21-June-2013 – Jefferson/GA – Brittany Purcell & Associates closes a Bank of America Short Sale Athens using, The Purcell Method to short sales. Award Winning Short Sale Agent Team closes Georgia Short Sales.
Call 706-389-0771 for immediate assistance selling or short selling your Athens, GA House.
Brittany Purcell & Associates just closed a Short Sale with Wells Fargo for a property on the street 655 East Campus #22 Athens, Ga 30605 which is just outside of Athens.
The Short Sale had one mortgage. Therefore this Georgia Short Sale had to be approved with Bank of America. The original list price was $164,900 after multiple buyer offers it closed at $155,000. This property was purchased by a cash buyer. The short sale was approved in 60 days and the deficiency was waived. The bank also paid $4,650 in closing costs for the buyer.
Many Athens mortgages now exceed the fair market value of the home. Negative equity has become an increasing problem for the nation, but is excessive in Athens. With the prices of Athens homes decreasing, and the interest rates on previous subprime loans increasing, many Athens 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 home owner hires a Real Estate agent, such as Brittany Purcell & Associates, Short Sale Agents to sell their home and negotiate the sale with the bank.
Brittany Purcell & Associates is an award winning real estate team serving Athens, Georgia with Keller Williams Realty and is owned by Brittany Purcell Realtor. Brittany Purcell & Associates ranks in the top 20% of all producing real estate agents in the area.
Brittany Purcell & Associates | Athens Georgia Short Sale Services | Keller Williams Realty |
3730 Village Way Suite 160 Braselton, GA 30517 | 706-389-0771 | http://www.BrittanySells.com
Athens Short Sales, Georgia Short Sales, North Georgia Short Sales
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