Another Closed Short Sale In Bowie MD.

We just closed on this short sale in Adnell Woods in Bowie MD - This property was just a year old and was originally sold for $650,000 in July 2007 and we just close the short sale for $450,000. The property is located in old Bowie MD a new subdivision with similar homes. The property boasts of many upgrades with huge backyard, sun room and finished basement.

The short sale lender for this property is Specialized Loan. This is one short sale that did not give much grief as the loan lender is very responsive. We are able to talk to the loss mitigation department quickly and a negotiator was assigned within two weeks of getting all the required documents. We ran into some problem when the lender is concerned about the current value and they wanted multiple BPO- luckily I have comparables to justify the listing price.

We are getting success rate on our short sale listings, but we are able to get greater success when we start the process early. If you have missed two or more payments, or anticipating missing payments don't wait act quickly.

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If you are listing your home as a short sale in Bowie MD make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are negotiating our short sale listings successfully. Call us at 301-613-2043 to find out more about Bowie MD Short Sales.