Wachovia World Savings Streamlines Short Sales for Simi Valley Home Owners in Distress

You’re in luck if you have a Wachovia or World Savings home loan and you are facing a short sale as your only option. There is a local representative for Wachovia assigned to the Simi Valley – east Ventura County area covering into the San Fernando Valley including the Santa Clarita areas. This process is unlike any other in the industry.

First, call or text me at (805) 432-7705 and I will come over with a comprehensive Market Evaluation and Marketing Plan for your home.  After we list your home for sale, I contact the Wachovia Rep directly who will then schedule an appointment to meet with you in your home and discuss your hardship in person.  This in person meeting is extremely important and I believe a welcome step by Wachovia. When the bank representatives can see the property and the condition and directly hear your hardship case, it helps tremendously when we try to justify an offer price from potential buyers.

The sets up essentially a conditional pre-approved Short Sale.  Part of the Wachovia plan is to turn around approval on an acceptable offer in 7 days.  Currently the process with most banks I have worked with take more than four weeks and in many cases 6 to 8 weeks to obtain approval. Keeping buyers interested during these long approval times has been the biggest problem in the short sale process. Buyers get tired of waiting and many times move on to different properties by the time the approvals come through.

Another advantage to the Wachovia system is that they require very little paperwork to move forward with short sale. All the other lenders I’m working with now require detailed financial data where Wachovia is not making this a requirement. If you are considering Short Sale as one of your options and you have a Wachovia or World Savings Home Loan, this is the opportunity to forward.

To understand the short sale process better please read

• Simi Valley Short Sale Information
• What Is a Short Sale & Can I Short Sell My Home?
• Simi Valley Home Buyers 3 Important Concerns with Short Sale Offers
• SB 401 – What’s My Short Sale Tax Liability With The State of California?
• Contingent Simi Valley Homes in Escrow out number Sales by 3 times, why?

Thanks for reading Simi Valley’s Premiere Real Estate Blog!

Author – Ted Mackel Simi Valley Real Estate Agent – Keller Williams Realty

Ted Mackel is a top producer at Keller Williams Realty Simi Valley,

specializing in Simi Valley Real Estate

(805) 432-7705