Pennymac Short Sale and SLS Short Sale Success

1st Lien: Pennymac Short Sale
2nd Lien: SLS Short Sale (Specialized Loan Servicing)
Listed: 6/27/2012
Days on Market: 26
Short Processing Time: 7 weeks
Sold Price: $115,000
Price per square foot: $49
Type of Purchase: Cash
Other notes: Pennymac wanted $129,900 – had to challenge their valuation as it didn’t match the condition of the home, flooring needed to be replaced.