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San Jose Real Estate Agent, Realtor Daniel Pizano, Short Sale real estate agent

Wachovia World Savings Short Sale Foreclosure Overview

If you have a home mortgage with Wachovia Bank formerly known as World Savings Bank and are beihind on your mortgage there is hope. Wachovia Bank has created a streamlined process to help with the short sale. Short sales with other banks typically take months and months, however, with Wachovia the have shortened the process and created a win-win for everyone involved in the short sale.

The Obama Administration should stand up and take notice on what Sandra Villapando is doing at Wachovia. I saw her speak at a business luncheon on August 12, 2009 at Maggiano's in San Jose, CA and she received nothing but praises from fellow Realtors that packed the room. Sandra is a Short Sale Manager with Wachovia and she covers the entire Santa Clara County, San Benito County, Monterey County and San Joaquin County. She covers Los Banos and she covers Monterey as well as San Jose, California.

I work with Sandra at Wachovia Bank and will make sure that we close escrow in 45 days from the date of the sale. In other words, I'll place your home on the maket and receive an offer and from the day that we accept the offer we will get the home sold. A short sale is something that needs to be considered when you are upside down on the value of the house.

The lender wants to see the following when considering a short sale:

1. a hardship letter - this is a simple letter that explains why you need to sell (divorce, loss of employment, etc)

2. income taxes for the last two years

3. paystubs for the last month

4. bank statements of all savings, checkings, cd, retirement, etc.

5. personal financial statement - explain in detail all your monthy income and monthly expenses including food, gas, and insurance,etc.

6. an offer from a qualified buyer whom has been pre-approved with Wachovia's lender

7.HUD -estimated settlement statement from a title company

I will help coordinate all the forms and information you need to gather as well as place your home on the maket and get an offer. Once we get an offer we will then send the short sale packet to Wachovia and we should get an answer within a week. Compare this to the lenders that typically take a month to get an answer. Once we receive the ok on the short sale we'll close escrow within 30 to 45 days.

Call me to handle your Wachovia short sale or former World Savings short sale transaction so that you do not end up going into a foreclosure and ruining your credit. Before you decide to sell your home through a short sale process you need to consult with a tax professional and get legal advice. I only sell homes and connot give any legal or tax advice concerning a short sale.

If you are in the San Jose, CA area

Call Realtor Daniel Pizano, Short Sale Real Estate Agent

(408) 460-8401