Wachovia Implements Streamlined 7-10 Approvals On Fast Track Short Sales

Jennifer and I have been trained to process Wachovia Fast Track Short Sales by a manager from Wachovia's Loss Mitigation division, who has been assigned to handle short sales in North Los Angeles County, Santa Clarita Valley and Ventura County.

I'm sure as homeowners you have heard the horror stories or experienced them yourself with regards to the Loan Modification & Short Sales process and are confused about the ramifications associated with doing these types of transactions. Wachovia understands the position this market has created and now offers homeowners, Realtors and buyers the assistance necessary to streamline the short sale process and approve these transactions within traditional time lines.

Wahcovia has implemented their "streamlined" approval process by assigning a local representative (Loss Mitigation Manager) with the authority to approval these transaction within a 7-10 period.

Wachovia Short Sales Manager Marc Souza states, "70% of our loans in California are at least 60 days behind in their payments. Wachovia needed to create a program and leverage realtors that are short sale experts to determine which customers can benefit from short sales quickly."

Any homeowner in Calfironia who has either a Wachovia, Golden West or World Savings loan that is in danger of foreclosure can be a candidate for the Fast Track Short Sale Program. Wachovia wants to lessen their loss by helping homeowners secure a short sale now, verse a costly foreclosure later.



Here are some of the programs highlights:

*Must have financial hardship or emanate default pending.

*One local point of contact for homeowners, Realtors and buyers to submit offers to and close the transaction

*On-site property and seller interviews by a Loss Mitigation Manager if necessary

*Approvals in 7-10 days

*Average closing from start to finish: 48 business days

*$2500 up to $5000 cash for cooperation/moving expenses

*All Deficiency issues Waived

This is a great opportunity for homeowners with Neg Am or interest only loans, who will not qualify for loan modification due to their negative equity position and debt to income ratios. Don't miss out on the opportunity to speak directly with a Loss Mitigation Manager who can explain your options and show you how this program can help your family.

Homeowners struggling with Wachovia, Golden West or World Savings loans who are considering a short sale, this is the time to take advantage of this program, with limited inventory and low interest rates Realtors have nothing to show and sell their buyers. Take full advantage of this seller market and position yourself to minimize your financial loss, limit the damage to your credit history and shorten your recovery period. Homeowner's don't need to be behind on payments to qualify for this program.

Contact Jennifer or I to make an appointment with Wachoiva's Loss Mitigation Manager. 661-290-3837