Michael Gaddis recently closed a short sale located at 29553 Silver Summit in Menifee, CA. Prior to retaining Michael Gaddis to represent her she had been working with a different real estate agent. However, the homeowner and the agent had a difference of opinion over the short sale strategy and ultimately, they mutually decided to terminate the listing agreement. Another reason that the homeowner did not feel comfortable with her previous agent was that short sales require the homeowner to review and sign numerous legal documents and the homeowner did not feel comfortable with the previous agent’s handling or guidance of these legal documents. The homeowner contacted Michael Gaddis for a free consultation and ultimately decided that Michael Gaddis was the best fit to represent her going forward. The short sale had one loan with Bank of America. The homeowner had a second lien on the property also with Bank of America but that loan was forgiven via the Department of Justice settlement. The homeowner received relocation assistance in the amount of $5,000 for cooperating with Bank of America.
The property was a beautiful, one-story, single-family residence with a pool. The property sold for $220,000 with the buyers receiving $5000 in closing costs from Bank of America.
Michael Gaddis is a real estate broker and licensed California attorney. Michael Gaddis’ experience and knowledge make him an excellent choice for any homeowner seeking to sell their home. Michael Gaddis charges the same as any other real estate agent but brings with him the ability to provide top-notch service and representation rarely paralleled in the real estate industry. If you are a homeowner in Orange, San Diego or Riverside county and are thinking of selling your home contact Michael Gaddis today at 760-754-2121.