은행에서 short sale approved letter를 받았습니다..
약 26만불 론을 했는데 집은 13만불로 결정이 되었습니다..
제가 겁이 나는것은 나머지 론 13만불 정도인데..이것을 탕감해준다는건지..
부탁 합니다…제발 그냥 지나가지 마시고 요약해서 해석좀 부탁 합니다..
감사 합니다,,,
Wells Fargo Home Mortgage approves the sale of the above referenced property. This sale will result in a short
payoff of the mortgage loan referenced above, and the mortgagor(s) by completing the short sale based on this
Demand Statement, acknowledge and waive any and all rights to any escrow balance, insurance proceeds or
refunds from prepaid expenses. Neither the seller nor any other party may receive any sale proceeds or any funds
or any funds as a result of this transaction except as noted in this Demand Statement. In accordance with state
and local laws, the Demand Statement may be voided at any time.
When Wells Fargo Home Mortgage receives the required payoff and all required documentation, we will arrange
for the mortgage of record to be released. Wells Fargo Home Mortgage will notify the mayor credit bureau(s) to
reflect “account paid in full with less than full balance?which should appear on the credit report within 60-90
days the date of notification, however, Wells Fargo Home Mortgage is not a credit bureau and cannot control how
or when the report will reflect information to other users of credit reports. Compliance with this Demand
Statement coupled with release of the mortgage shall waive the bank뭩 right to seek a deficiency under the loan
documents or any of its other rights there under, and the obligations evidenced by the note.
What you need to know about foreclosure
Even though you have been approved for a short sale, it뭩 important to understand that the foreclosure process
may proceed at the same time. Foreclosure may continue and a sale date may be scheduled as you are actively
working towards completing the short sale.
Please note, as part of the foreclosure process you may receive notices delivered by mail or see steps being taken to
proceed with a foreclosure sale of your home. There isn뭪 much time. So in order to help you, it뭩 critical that you
comply with the requirements of the short sale promptly.
Once certified funds are received and approval is final, a document releasing the mortgage will be sent to record
this decision. If the property was in foreclosure, that action will stop when the terms of the approval are met.
Sale approval details
This approval is based on the purchase contract dated August 31, 2011 between , the seller(s), and
A LLC, the buyer(s), for a purchase price of $130000.00 and in a HAFA closing an executed Request
for Approval of Short Sale. The terms of our approval and instruction to the Settlement Agent are as follows:
1. The required payoff is $127846.07, scheduled for settlement on or before April 23, 2012. Your contribution and
settlement costs for this transaction are:
Mortgagor contribution:
Cash at Closing: 10000.00
Promissory Note: 0
Approved Seller Closing Costs:
Real Estate Commission: 7800.00
Settlement fees 1300.00
Title ins 725.00
taxes 543.93
Title search fee 125.00
Tax & lien search 250.00
stamps 910.00
estoppel 250.00
Atty fee 250.00
Approved seller concession to buyer’s closing costs: 0
Itemization of concession:
Excess funds, if any, must be paid to Wells Fargo Home Mortgage.
Please be advised that any reference to the junior lien holder payoff is contingent upon separate written approval
of the transaction by the junior lien holder. Furthermore, if the junior lien holder is affiliated with Wells Fargo &
Co. or any of its subsidiaries, the approval must be obtained separately. This does not constitute approval on
behalf of any junior lien holder. In addition, per the Home Affordable Foreclosure Alternatives (HAFA)
program, prior to releasing any funds to holders of subordinate liens and/or mortgages, the closing agent must
obtain a written commitment from the subordinate lien holder that it will release Seller from all claims and
liability relating to the subordinate lien in exchange for receiving the agreed upon payoff amount.
2. You as the Settlement Agent must contact Wells Fargo Home Mortgage no later than 48 hours before the
scheduled settlement date and provide a copy of the final HUD-1 Settlement Statement. The final estimated
HUD-1 must comply with the approval terms noted above and must contain complete buyer and seller
information including a forwarding address for the seller. In addition, the Settlement Agent must provide the
information required on the enclosed title worksheet as well as the fully executed HUD Closing Worksheet, for
FHA loans. If settlement is delayed and/or rescinded, Wells Fargo Home Mortgage must be notified immediately
to review the request and provide written approval, if granted per investor or mortgage insurance guidelines.
3. Furthermore you as the Seller, for and in consideration of the approval, closing, and funding of the short payoff,
agree that you will re-execute any documents after closing should any corrections be needed due to any
typographical or
clerical errors discovered in any or all of the closing documentation required to be executed at
the time of settlement.
4. The purchase contract may not be amended without Wells Fargo Home Mortgage prior written approval.
Furthermore, the seller acknowledges that the buyer is not related to the seller, and any relationship between a
participating Broker/Realtor has been disclosed prior to issuing this Demand Statement. This transaction may
not close if it involves any third party who received a deed from mortgagor at, prior to, or after settlement, and the
purchase contract may not be assigned.
5. The required payoff funds together with any excess funds must be wired to:
Wells Fargo Home Mortgage
Account No.:
ABA No.:
Special Information for Beneficiary:
Apply Funds to loan:
Mortgagor:
From: Sender’s Name and phone number
* If this information is not provided the wire will be rejected.
6. Settlement Agent and Seller(s) must execute this Demand Statement which shall evidence their understanding
and agreement of the conditions and terms under which Wells Fargo Home Mortgage agrees to the short sale and
release of mortgage.
7. The Closing Documents including the fully executed Demand Statement, and original executed Promissory
Note, in applicable, must be delivered to us prior to the settlement to:
