SUCCESS STORIES

We are proud to be helping homeowners in the Bay Area avoid foreclosure by successfully short selling their homes! Here are some of our success stories.

101st Avenue (Alameda County)
This was a duplex that was double the challenge. The current owner inherited the property as the last remaining family member. The property did not go through probate, so we had to hire a probate attorney to insure that the process was handled correctly. Meanwhile, the bank sold the loan to a servicer right as we were going to obtain a short sale approval. The new loan servicer, Nationstar Mortgage, was a piece of work. In collusion with Auction.com, they tried to force the seller to put the property up for auction, or otherwise they would foreclose on the property. This was in violation of various state and federal laws, but Auction.com and Nationstar didn’t seem to care. We put up our biggest fight yet and won. The short sale was approved, the succession through probate was approved through the court, and the tenants were happy that they were going to be able to remain in the property. Lenders, servicers, and non-transactional parties like Auction.com seem to be getting bolder in flat out ignoring the law, often knowing they can easily push around and manipulate most realtors. Thankfully for our clients, we don’t fall into that lame category and know what it takes to win these types of battles with banks and loan servicers alike. A vacation was definitely needed after closing this short sale. The file closed in October 2013.

21st Street (San Francisco County)
This was the most difficult short sale we have ever worked on, thanks to the scumbags at Bank of America. Seemingly hellbent on trying to foreclose on this property, they tried nearly every trick in the book to take this property back. This included foreclosing on the property even though the homeower was going through a bankruptcy at that time and cancelling the short sale file without explanation just ahead of another foreclosure sale date. Funny how that happens. But given out collective corporate and banking experience in previous professionals lives, we were able to counter every move the bank made and force the short sale to go through. This included escalating to the CEO’s office and escalating to various regulatory agencies, ordering multiple appraisals to make certain the value was reasonable, and working with our attorney to keep this short sale on track. The short sale was ultimately successful, and the homeowner was happy to have the debt and the burden lifted off his shoulders. This file closed in April 2013.

39th Avenue (Sacramento County)
We were contacted by the owner of the property, who had tried to go the loan modification route for the previous year without any success. We were able to stop the impending foreclosure so that a short sale could be negotiated. Thankfully the servicer was cooperative in this case, which is more the exception than the rule. Even though the loan servicer was cooperative, it did take some time to get the short sale approval, since the servicer had outsourced the work on this loan to India. Once the short sale was approved, the closing process was fairly smooth and a record low purchase price was negotiated for the happy buyer of the property. The file closed in April 2013.

Cabrillo Drive (Alameda County)
This property was saved from foreclosure in August 2012 when the homeowners came to us 1 week before the foreclosure sale was to take place. We were first able to get the foreclosure sale postponed. Next, we quickly submitted and negotiated a short sale approval with the loan servicer. Upon the successful short sale of the property, we were also able to negotiate allowing the homeowners to stay through the Christmas season, so that they could move into their new home after the New Year. This file closed in November 2012.

Rheem Avenue (Contra Costa County)
The owner of this property had tried to work with the lender on a loan modification for more than 2 years. After repeated denials, they decided to move forward with the short sale. After many battles with the lender on the appropriate pricing on the property (the lender wanted nearly double what the property was actually worth), the short sale was approved. We were also able to get an extension on the closing so that the owner could move into his new residence before the Holiday Season. The homeowner was very relived and happy to have the process successfully completed and to be out from under the burden of the mortgage debt and taxes. This file closed in November 2012.

Bush Avenue (Contra Costa County)
The owners of this 4-plex had tried to work with Bank of America for nearly 3 years on a loan modification. Frustrated with the process, they decided to work with us on the short sale of the property. After referring them to a CPA to assess the potential tax consequences for a short sale on an investment property, we proceeded with the process. Predictably, Bank of America was unjustifiably difficult with the file. After escalating the file to the investor of the loan (Fannie Mae), we were able to resolve the valuation issues and get the short sale approval and get the property sold. The property owners were thrilled to have the short sale successfully closed and to have a weight removed from their shoulders. This file closed in August 2012.

22nd Street (Contra Costa County
Sometimes a lender will just drag its feet, causing shareholders and taxpayers money, while also creating more headaches for the homeowner. This was the case with this file, as we had to negotiate with the City of San Pablo and the lender to allow the short sale process to move forward. Once completed, the short sale closed without issue. This file closed in August 2012.

Crestview Drive (Contra Costa County)
The owner of this property had to leave for Afghanistan as part of his military duty. We first got the foreclosure sale postponed and then went to work on getting the short sale approved. Once done, the short was completed without a hitch. This file closed in June 2012.

Acapulco Drive (Contra Costa County)
The previous real estate agent had tried to short sale this home for more than 2 years. Overwhelmed by a lender that was pushing them around and problems with the local city, we took over the file and cleaned up the mess. We escalated the file, got the lender to accept a proper valuation on the property despite their attempts at fraud, and handled all the details with liens from multiple lenders and the local municipalities. The homeowners were very relieved and happy to have this problem property behind them. This file closed in April 2012.

Sunnydale Ave (San Francisco County)
The previous real estate agent had tried to short sale the home for over a year. Once we took over helping the homeowner, we escalated the file and got the lender to cut over $150,000 from their purported value of the property and closed the short sale successfully in January 2012. The homeowners were very happy and were able to relocate back to their native country in Central America without worrying about this property any longer.

N Golden Gate Ave (San Joaquin County)
This home was saved from foreclosure after nearly 6 months of negotiations with the lender, one of the largest money center banks. The lender tried to say the property was worth twice market value, but our negotiators and due diligence proved otherwise, and the lender ultimately agreed.

Tudor Road (Alameda County)
This home was saved from foreclosure in April 2011 after nearly 4 months of orderly negotiations with the lender. The tenants were cooperative throughout the process and we were able to negotiate 2 extensions needed for the buyers to close on the property.

Blair Place (Alameda County)
This home was saved from foreclosure after 4 months of intense negotiations and outright lying by the lender. The trustee sale was postponed 3 times, allowing the homeowner to stay in the house during the holidays and transition to a new home.

N Golden Gate Ave (San Joaquin County)
This home was saved from foreclosure after nearly 6 months of negotiations with the lender, one of the largest money center banks. The lender tried to say the property was worth twice market value, but our negotiators and due diligence proved otherwise, and the lender ultimately agreed.

W Gertrude Ave (Contra Costa County)
This home was saved from foreclosure in September 2010 after nearly 4 months of negotiation with the lender.

Douglas Ave (San Mateo County)
This home was saved from foreclosure in December 2009 after nearly 4 months of negotiations with the lender.

  • WHO WE ARE

    We provide professional, stand-up service to the homeowners we work with by being completely transparent and answering every question that arises as we talk through each option and decide together on the best course of action to avoid foreclosure. With the professionals from AvoidBayAreaForeclosure.com on your side, you benefit from our expertise, experience and proven track record of success.
  • HOW WE CAN HELP

    Do you have questions about the foreclosure process? Would you like to find out what your options are and how we can get the ball rolling immediately? Are you looking for a trusted advisor with a track record of success in helping homeowners proactively avoid foreclosure? We are here to help!