38th St., Springfield
Number of Mortgages: 1
Date Submitted: February 19, 2009
Date of Bank Appraisal: March 17, 2009
Date Closed: May 7, 2009
Total Payoff: $178,000
Total Discounted Payoff: $116,750
Total Discount: $61,250
The Rest of the Story:
Mark and his wife were both working and enjoying their lives together when a devastating accident occurred.
Mark was in a car accident leaving him unable to work and support his family. The couple went from a
comfortable two income home to one. Facing foreclosure and owing a lot of money on their property and medical
bills, Mark and his wife contacted Stewardship Properties for help. In 6-months, the couple was happy as there
was no money owed to the lender and the short sale had closed.
Maple St., Junction City
Number of Mortgages: 2
Date Submitted: February 18, 2009
Date of Bank Appraisal: January 26, 2009
Date Closed: May 11, 2009
Total Payoff: $180,848
Total Discounted Payoff: $84,477
Total Discount: $96,371
The Rest of the Story:
Ricky was the primary resident at this house for 8 years. He had bought another house and with the two, he fell
behind on payments and was near bankruptcy. In effort to stay afloat, he sold his other house and moved into this
one. When Stewardship Properties were brought into the picture, Ricky was able to successfully avoid foreclosure
and save his credit. This home was distressed and Stewardship Properties replaced the roof as well as upgraded the plumbing
and fixed the dry rot.
Meadow Ln., Creswell
Number of Mortgages: 1
Date Submitted: February 19, 2009
Date of Bank Appraisal: February 28, 2009
Date Closed: June 1, 2009
Total Payoff: $184,524
Total Discounted Payoff: $104,001
Total Discount: $80,523
The Rest of the Story:
Scott and Chelsea is a young couple that was facing a rising mortgage payment and medical bills as their second
child was on the way. Working with two different companies to modify their mortgage, Scott and Chelsea were not
finding any luck. Through the help with Stewardship, Scott and Chelsea were able to sell their house in two
months and ten days. During the short sale, the couple was offered a mortgage modification and turned it down, as
they did not wan to be in debt anymore. The short sale closed and the lender satisfied all the debt. Here is a letter
that Scott and Chelsea gave to Stewardship Properties.
Jered & The Stewardship Properties Staff,
Scott and I want to thank you all for the incredible work you did on the short sale of our home. The months
surrounding our looming foreclosure date were filled with a lot of doubt, fear, and anxiety. The moment I spoke
with Margo, we were convinced to give Stewardship's help a shot--and it saved our financial future--and our
sanity. The short sale process was unbelievably simple for us as homeowners in comparison to the months of
struggling to communicate with our mortgage holder. Jered did a phenomenal job of keeping us updated on the
status of the settlement process. Every member of the Stewardship Properties team treated us with utmost respect,
kindness and empathy through one of the most difficult times in our life. Our time was running out, foreclosure was
closing in, and Stewardship Properties rescued us with time to spare. We are very grateful for all of you, what you
stand for, and the work you do.
Thank you for everything.
Sincerely,
Scott and Chelsea Pisani
Pacific Ave., Springfield
Number of Mortgages: 2
Date Submitted: February 20, 2009
Date of Bank Appraisal: April 7, 2009
Date Closed: June 9, 2009
Total Payoff: $155,310
Total Discounted Payoff: $99,284
Total Discount: $56,026
The Rest of the Story:
The homeowner had lost her job and could not find more work except short, part-time jobs. She knew she needed
to sell her house and contacted us directly from one of our mailers. Her home had been listed as a short sale for
over six months and she had received several offers, which backed out because it was taking too long to work
things out with her lenders. Even though she was unable to get 100% satisfaction of the debt of the debt she was
grateful to have this terrible house situation off her back.
Polk Ave., Cottage Grove
Number of Mortgages: 1
Date Submitted: April 21, 2009
Date of Bank Appraisal: February 9, 2009
Date Closed: June 9, 2009
Total Payoff: $180,651
Total Discounted Payoff: $70,086
Total Discount: $110,565
The Rest of the Story:
Unable to find work due to a job loss, this young family of three was struggling financially. Within a short eight
month period, and help from Stewardship Properties, this family was able to sell their house and get out of debt.
They owed $180,000 and the lender accepted an offer for $81,000, with a full settlement of debt. The family truly
benefitted in the end.
Don St., Springfield
Number of Mortgages: 2
Date Submitted: March 18, 2009
Date of Bank Appraisal: April 9, 2009
Date Closed: June 16, 2009
Total Payoff: $198,174
Total Discounted Payoff: $116,008
Total Discount: $74,654
The Rest of the Story:
Contacted by our Knock and Talk Specialist, this once University of Oregon football player was relieved to see
that his house would be saved from foreclosure. This individual was out of work for six months because he lost his
job as a salesman at a local car dealership. As his unemployment was starting to run out, he was ready to just put
this all behind him. With the help of Stewardship Properties, however, he was able to smoothly walk away without
owing any money.
Quail Meadow Way, Eugene
Number of Mortgages: 2
Date Submitted: April 9, 2009
Date of Bank Appraisal: April 27, 2009
Date Closed: June 29, 2009
Total Payoff: $603,503
Total Discounted Payoff: $412,221
Total Discount: $191,282
The Rest of the Story:
When this couple originally purchased this beautiful 3900 sq/ft. house, they knew that they had found their dream
home. What seemed like a great investment turned out to be too much to handle. The couple’s marriage began to
crumble, as they were not able to afford to keep up on the house and its payments. The couple decided to separate.
With thoughts of filing for bankruptcy, a realtor referred the couple to Stewardship Properties. In a quick
turnaround with Stewardship Properties, the couple was able to walk away without any debt hanging over their
heads and able to get over $200,000 forgiven from their loan.
Souza St., Eugene
Number of Mortgages: 2
Date Submitted: February 20, 2009
Date of Bank Appraisal: April 3, 2009
Date Closed: July 8, 2009
Total Payoff: $152,497
Total Discounted Payoff: $104,523
Total Discount: $47,974
The Rest of the Story:
Randy had been out of work since August 2007 and had used up all of his 401K and savings to keep up on his
house payments. Unable to draw any unemployment because he was fired, Randy sold almost everything to keep
himself afloat. Distraught over where he was in life and suffering from severe depression, Stewardship Properties
came to the rescue! With a quick turnaround, Randy was able to walk away without owing anything and able to get
a fresh start with the help of a friend.
Van Ave., Eugene
Number of Mortgages: 2
Date Submitted: January 31, 2009
Date of Bank Appraisal: April 1, 2009
Date Closed: July 8, 2009
Total Payoff: $265,681
Total Discounted Payoff: $125,953
Total Discount: $139,728
The Rest of the Story:
Krista had a great job and was doing quite well. After raising her family here, she realized that this home was too
big for just her. She refinanced and pulled every penny of equity out of house and ended up over leveraging it.
Krista was paying $2300 a month on a $170,000 house. These large payments were eating into her savings and she
knew she had to down size her life because she would not be able keep up on her payments. Already moved out
and willing to face foreclosure, it wasn’t until Margo knocked on Krista’s door, offering her a way out of her
dilemma. Krista signed a note to pay back 10K to the 2nd lender, which was a small, local bank. The other 115K
was forgiven, and she no longer had the pressure of the house hanging over her head.
We received the following e-mail the day after Krista’s home closed:
I just wanted to say “thank you” for all of your help. I am glad that the house became your property and that I was
able to get out from under it with some dignity. You made everything very smooth for me, so much so that I had a
hard time getting all my stuff out because you allowed me all the time I needed to do so. (I work so much better
with a deadline!)
But I did want to say “thank you” to you and your team. Everyone has been so kind, considerate, and very
professional when it came to myself and my house. It was hard to leave it after 25 years. It’s where I raised my
daughter and bought my very first house. But it’s good to look forward and to look at what’s out there and to know
that there are really great people willing to help you out in this world.
So, Kenny, I hope our paths cross again in much better, different circumstances. I wish Steward Properties all the
best. If anyone is ever on the fence in their decision-making, have them call me. I’d love to be a reference for you.
Krista
Esprit Ct., Veneta
Number of Mortgages: 1
Date Submitted: April 16, 2009
Date of Bank Appraisal: June 9, 2009
Date Closed: July 20, 2009
Total Payoff: $192,936
Total Discounted Payoff: $127,524
Total Discount: $65,415
The Rest of the Story:
Brought to Stewardship Properties by a realtor, this couple was having difficulties finding work. The wife ran a daycare that
wasn’t going well and the husband had been laid off and unable to find work. With one child and another along the
way, the couple knew they had to do something. With the help of Stewardship Properties, the short sale was
successfully completed. The lender forgave $62,000 of the debt and they are currently carrying a note of 0% for
$52 a month.
A St., Springfield
Number of Mortgages: 1
Date Submitted: April 9, 2009
Date of Bank Appraisal: March 6, 2009
Date Closed: August 3, 2009
Total Payoff: $171,196
Total Discounted Payoff: $117,273
Total Discount: $53,923
The Rest of the Story:
The owner had lost his job and had no income. The lender was a very small lender that didn’t do interior BPOs and
so there was no way to get the bank to see the interior damage to the home. We were able to get to the lender’s
bottom line and offered it to the market place at that price. We found a cash buyer quickly and the owner sold it
directly to that buyer.
49th St., Springfield
Number of Mortgages: 1
Date Submitted: June 9, 2009
Date of Bank Appraisal: June 1, 2009
Date Closed: August 15, 2009
Total Payoff: $205,649
Total Discounted Payoff: $83,015
Total Discount: $122,632
The Rest of the Story:
The seller’s mother was contacted by our Knock and Talk Specialist. The seller was in foreclosure and had been
behind on his payments for over a year. The actual homeowner was incarcerated in Colorado and his mother
obtained a Power of Attorney to sell the house. This case was especially difficult because the seller had not worked
a regular job in years, nor had any mortgage statements or tax returns, bank accounts, or pay stubs. He also was not
able to communicate with his mother or us during the process.
Kesling St., Harrisburg
Number of Mortgages: 2
Date Submitted: May 14, 2009
Date of Bank Appraisal: June 1, 2009
Date Closed: August 15, 2009
Total Payoff: $138,082
Total Discounted Payoff: $85,362
Total Discount: $52,720
The Rest of the Story:
A Remax agent brought us this short sale deal in mid-May. The homeowner was a self-employed carpet cleaner
that had a successful business working for many RV manufacturers in the area. When the RV industry tanked he
found himself making very little or no money. After working diligently with his lenders we were able to relieve
him of his mortgage debt and close the deal in mid-August. The total discount we received on his home was
$52,720. Now that his house has sold he is working to rebuild his credit and his business without a foreclosure
hanging over his head for 10 years.
Hunsaker Ln., Eugene
Number of Mortgages: 1
Date Submitted: April 16, 2009
Date of Bank Appraisal: July 8, 2009
Date Closed: September 2, 2009
Total Payoff: $181,190
Total Discounted Payoff: $78,825
Total Discount: $102,364
The Rest of the Story:
In this particular situation the homeowner came directly to us. She was a young mortgage broker and real estate
investor that got in a little over her head when the economy was hot. When the real estate market turned she lost
her job and the rent she collected from the house tenants didn't cover her monthly payments. Her tenants moved
out of the house and she was in over her head. We were able to complete the short sale swiftly and she has since
moved back to her home state where she can start over with without a foreclosure.
Thurston Rd., Springfield
Number of Mortgages: 3
Date Submitted: May 18, 2009
Date of Bank Appraisal: June 9, 2009
Date Closed: September 17, 2009
Total Payoff: $268,769
Total Discounted Payoff: $127,417
Total Discount: $141,352
The Rest of the Story:
The homeowner had a job relocation in Utah and she was unable to sell her home because it had structural issues.
Stewardship Properties were able to negotiate three mortgages to be released from the property, 90% of which the
debt was forgiven, and process the short sale as an A-B-C transaction.
Yew Ave., Redmond
Number of Mortgages: 1
Date Submitted: August 7, 2009
Date of Bank Appraisal: August 13, 2009
Date Closed: September 23, 2009
Total Payoff: $230,950
Total Discounted Payoff: $81,353
Total Discount: $149,597
The Rest of the Story:
This short sale was brought to us about a week before the auction. The owners had experienced a significant loss of
income. The property was extremely over leveraged in one of the hardest hit real estate markets in Oregon–
Redmond. We rushed to submit a complete short sale packet three days before the auction and got an extension.
Stewardship Properties received a short sale approval in just a month after submission. The homeowner avoided a
foreclosure on their credit record and the lender agreed to a final and full settlement of debt.
H St., Springfield
Number of Mortgages: 1
Date Submitted: May 28, 2009
Date of Bank Appraisal: July 16, 2009
Date Closed: October 13, 2009
Total Payoff: $126,816
Total Discounted Payoff: $65,272
Total Discount: $61,544
The Rest of the Story:
The homeowner had spoken with our Knock-and-Talk Specialist about his options before realizing a short sale was
the best route. The homeowner is a Korean War Veteran, and owned his home for over forty years. He took out a
mortgage on his house to pay for his deceased wife’s medical bills and also for his war-related medical needs. He
tried to rent the house but was unsuccessful. The home was in need of some repairs, some of which we did after we
purchased the home. This successful short sale allowed the homeowner to get a settlement of debt and move on
with his life.
Quiet Ln., Eugene
Number of Mortgages: 2
Date Submitted: May 4, 2009
Date of Bank Appraisal: May 29, 2009
Date Closed: October 14, 2009
Total Payoff: $220,801
Total Discounted Payoff: $162,508
Total Discount: $58,292
The Rest of the Story:
These responsible homeowners went from a two-income household to a one-income household when the husband
lost his 60k per year job with one of the local RV companies. Unable to cover all of their obligations and owing
more on their house than it was worth, their agent came to Stewardship Properties for help. Their house sold for x
less than what was owed. The lender required the homeowner to bring in 3,000 and with that money all of the debt
was satisfied. They now owe the lenders nothing and are foreclosure free!
East B St., Halsey
Number of Mortgages: 1
Date Submitted: June 26, 2009
Date of Bank Appraisal: July 9, 2009
Date Closed: October 21, 2009
Total Payoff: $192,134
Total Discounted Payoff: $142,267
Total Discount: $49,867
The Rest of the Story:
This home was brought to Stewardship Properties by an Albany real estate broker. The town of Halsey has been it
hard by the motor coach industry shutting down in Coburg. When it was determined that Salem Stewardship was
unable to purchase the home as an investment property, Stewardship Properties worked with the broker to find a
retail buyer. After re-submitting an offer to the lender, the retail buyer was able to purchase the home at a
reasonable price and the homeowner avoided foreclosure.
Riley Ln., Eugene
Number of Mortgages: 2
Date Submitted: March 3, 2009
Date of Bank Appraisal: March 23, 2009
Date Closed: October 29, 2009
Total Payoff: $216,501
Total Discounted Payoff: $145,007
Total Discount: $71,494
The Rest of the Story:
The homeowner called us directly looking for a solution to her upcoming foreclosure. The homeowner lost his job
and his wife is permanently disabled, and just had made their last payment on their home. They had never fallen
behind on any kind of loan or bill. The home was worth substantially less than what they owed. In this situation,
Stewardship Properties processed the sale and relieved the homeowners from getting a foreclosure.
Mill St., Springfield
Number of Mortgages: 2
Date Submitted: July 6, 2009
Date of Bank Appraisal: August 13, 2009
Date Closed: November 3, 2009
Total Payoff: $332,195
Total Discounted Payoff: $73,721
Total Discount: $258,474
The Rest of the Story:
When the owners bought the house in 2005 they had two contractors look at the house and both said it was a good
house. Later on the homeowner found out that the original half of the house was not on a foundation but sitting on
rocks and stumps and had significant termite damage. The homeowner had spent all of their time and money
digging out underneath the house and pouring a new foundation. The couple’s incomes dwindled and they faced
marital difficulties, they realized they could no longer afford to dump all their money into this house because of all
of its problems. After doing the short sale with Stewardship Properties, their lenders allowed them to sell the house
for $81,000 even though they owed over $300,000.
17th Ave., Albany
Number of Mortgages: 1
Date Submitted: August 4, 2009
Date of Bank Appraisal: August 9, 2009
Date Closed: November 4, 2009
Total Payoff: $123,100
Total Discounted Payoff: $88, 800
Total Discount: $34,300
The Rest of the Story:
This owner of this home was an elderly couple that purchased it for their son. The home fell into extreme disrepair
and the owner was left with a major problem property. Facing foreclosure, the seller was introduced to Stewardship Properties by an Albany real estate agent. Although Stewardship Properties was unable to purchase the home,
another investor was able to step forward and close the deal. The homeowner avoided a foreclosure and the house
is on the path to repair.
Parker Pl., Eugene
Number of Mortgages: 1
Date Submitted: April 13, 2009
Date of Bank Appraisal: May 11, 2009
Date Closed: November 16, 2009
Total Payoff: $240,807
Total Discounted Payoff: $138,959
Total Discount: $101,848
The Rest of the Story:
This short sale was brought to us by our Knock-and-Talk Specialist, Margo. The homeowners wanted to know
their options and came in to discuss them with us. Short Sale was the best option for these homeowners, because
their home was worth less than what they owed. Both of the homeowners worked for a RV Coach company, and
the husband lost his job temporarily, while the wife lost her job permanently. They were living on unemployment,
but couldn’t make ends meet. The house was pretty difficult to sell because of its location, but Stewardship Properties got this sale approved and sold the home directly to a buyer.
Centennial Blvd., Springfield
Number of Mortgages: 1
Date Submitted: September 3, 2009
Date of Bank Appraisal: September 30, 2009
Date Closed: November 24, 2009
Total Payoff: $131,442
Total Discounted Payoff: $50,146
Total Discount: $81,296
The Rest of the Story:
The homeowner walked in off the street into our office three days before his foreclosure auction date. He was
desperate to find a solution and tried everything (refinance, load modification and selling his property). His loan
modification application was denied the day before he contacted us. His auction date was postponed and we
received approval on the short sale within a few months.
32nd St., Springfield
Number of Mortgages: 1
Date Submitted: February 26, 2009
Date of Bank Appraisal: July 17, 2009
Date Closed: December 2, 2009
Total Payoff: $229,724
Total Discounted Payoff: $136,225
Total Discount: $93,499
The Rest of the Story:
The short sale began when the homeowner came to us seeking to find a way to avoid foreclosure. The homeowner
had been cut back hours at a local car dealership and was not bringing in enough income to support her mortgage.
The short sale process began, but trouble arouse when the lender failed and was taken over by the FBI. It took
several months to re-start the short sale and took nearly a year to complete this A-B-C transaction. All in all, the
short sale was successful and she received a full settlement of debt, despite the serious obstacles we faced. The
homeowner is free of foreclosure and is happy this is now behind her.
Maple St., Eugene
Number of Mortgages: 1
Date Submitted: September 18, 2009
Date of Bank Appraisal: October 1, 2009
Date Closed: December 8, 2009
Total Payoff: $161,028
Total Discounted Payoff: $78,489
Total Discount: $82,539
The Rest of the Story:
The homeowner contacted our office to try and help him out of his financial crisis. He had lost his job due to the
slow economy and unfortunately bought his home at the peak of the housing boom and owed more than what his
house was worth. This short sale was successfully processed as an A-B-C transaction.
Fleck Rd., Veneta
Number of Mortgages: 1
Date Submitted: October 2, 2009
Date of Bank Appraisal: October 26, 2009
Date Closed: December 11, 2009
Total Payoff: $409,788
Total Discounted Payoff: $184,320
Total Discount: $225,468
The Rest of the Story:
This short sale was brought to us by a realtor. The homeowner lost his job as a plumber and couldn’t find any work
locally. The homeowner had a VA loan and the short sale was successfully processed as an A-B-C transaction with
a full satisfaction of debt.
Cascade Dr., Springfield
Number of Mortgages: 1
Date Submitted: September 28, 2009
Date of Bank Appraisal: October 3, 2009
Date Closed: December 21, 2009
Total Payoff: $327,386
Total Discounted Payoff: $175,172
Total Discount: $152,214
The Rest of the Story:
These homeowners were referred to Stewardship Properties by their friend. They were in the middle of a divorce
and needed to sell their home because neither could afford the home on one income. Unfortunately it was
extremely overleveraged and could not sell it on the market. The short sale process was successful as an A-B-C
transaction and all the debt was forgiven. The divorce was finalized before the short sale and each went their
separate ways avoiding foreclosure.
Ridgecrest Dr., Springfield
Number of Mortgages: 1
Date Submitted: March 19, 2009
Date of Bank Appraisal: April 6, 2009
Date Closed: December 23, 2009
Total Payoff: $177,897
Total Discounted Payoff: $102,524
Total Discount: $75,373
The Rest of the Story:
This short sale was brought to us by Margo, our Knock-and-Talk Specialist. The homeowner had lost his job but
got a job earning half of what he made before which in turn didn’t allow him to afford his mortgage. This short
sale was successfully processed as an A-C transaction.
Fox Hollow Rd., Eugene
Number of Mortgages: 2
Date Submitted: October 19, 2009
Date of Bank Appraisal: November 6, 2009
Date Closed: January 13, 2010
Total Payoff: $174,650
Total Discounted Payoff: $140,985
Total Discount: $33,665
The Rest of the Story:
The homeowners owned and ran a local gym and with the economy slowing down, their business was not
making enough to cover their expenses and their house payment. This short sale was successfully processed as
an A-B-C transaction and they received a full satisfaction of debt.
Greenwood St., Eugene
Number of Mortgages: 1
Date Submitted: July 8, 2009
Date of Bank Appraisal: September 29, 2009
Date Closed: January 15, 2010
Total Payoff: $154,247
Total Discounted Payoff: $80,723
Total Discount: $73,524
The Rest of the Story:
The homeowners retired are living in Eastern Oregon. They leased their home to family who was supposed to
make payments and fix up the home. The homeowner received notices that payments were not being made and
when they went to the house, it was completely gutted. They did not have the means to make payments on the
home or do the necessary repairs. Their realtor referred them to Stewardship Properties and we were able to
successfully negotiate their first mortgage, second mortgage and one credit card judgment.
Terri Ln., Albany
Number of Mortgages: 1
Date Submitted: September 9, 2009
Date of Bank Appraisal: November, 18, 2009
Date Closed: January 27, 2010
Total Payoff: $281,042
Total Discounted Payoff: $158,603
Total Discount: $122,439
The Rest of the Story:
The seller was referred to us by a local Albany realtor. The house for sale was a big beautiful house in N.
Albany (Millersburg). The seller's had lost his full time job in March and was working a different job at a
drastically reduced monthly income. This financial hardship, coupled with the fact that they owed far more on
the house then what it was worth made it an excellent candidate for a short sale. We were able to obtain a full
settlement of debt and the homeowner has been able to move on with their life.
G St., Springfield
Number of Mortgages: 3
Date Submitted: July 16, 2009
Date of Bank Appraisal: October 21, 2009
Date Closed: January 28, 2010
Total Payoff: $210,099
Total Discounted Payoff: $85,529
Total Discount: $124,570
The Rest of the Story:
The homeowner lost their job and also had medical issues which led to falling behind on their mortgage
payments and faced foreclosure. The home was in disrepair and could not be sold in the condition it was in. The
homeowner’s lender, Bank of America, was very difficult to work with but the short sale was successful as an
A-B-C transaction. In addition, Stewardship Properties paid off the homeowner’s $5,000 in medical bills.
Suncrest Ave., Eugene
Number of Mortgages: 2
Date Submitted: August 24, 2009
Date of Bank Appraisal: August 31, 2009
Date Closed: January 28, 2010
Total Payoff: $896,804
Total Discounted Payoff: $514,732
Total Discount: $382,072
The Rest of the Story:
The homeowner was a builder and built his dream home but got caught by the market with multiple homes and
lots that he couldn’t sell. Stewardship Properties paid $62,000 extra to get a full satisfaction of debt and was able to process this short sale as an A-B-C transaction.
21st St., Springfield
Number of Mortgages: 1
Date Submitted: June 3, 2009
Date of Bank Appraisal: September 29, 2009
Date Closed: February 11, 2010
Total Payoff: $129,826
Total Discounted Payoff: $109,195
Total Discount: $20,631
The Rest of the Story:
The homeowner came to us after getting into financial difficulty due from losing his job with a construction
company. He found another job as a long haul truck driver but his income was not what it used to be. This short
sale was processed as an A-B-C transaction.
G St., Springfield
Number of Mortgages: 2
Date Submitted: August 27, 2009
Date of Bank Appraisal: November 12, 2009
Date Closed: February 12, 2010
Total Payoff: $166,972
Total Discounted Payoff: $68,781
Total Discount: $98,191
The Rest of the Story:
The homeowner worked for a local mill and his hours were cut back because of the recession. He tried to
refinance and modify his loan, but after several months of trying he was unsuccessful. After trying to sell his
house for several months with the help of a realtor, he again was unsuccessful. Facing foreclosure, his last
option was to try a short sale. His short sale was successful as an A-B-C transaction and he received full debt
forgiveness on both of his loans. In addition, Stewardship Properties paid $7,000 extra to settle a debt of $30,000 for the 2nd
lender.
Birch St., Junction City
Number of Mortgages: 1
Date Submitted: June 11, 2009
Date of Bank Appraisal: August 10, 2009
Date Closed: February 18, 2010
Total Payoff: $167,410
Total Discounted Payoff: $93,015
Total Discount: $74,395
The Rest of the Story:
The homeowner lost his job and had an FHA loan. The son-in-law also signed on home, so his credit was being
damaged as well until they decided to do a short sale. This short sale was successfully processed as an A-C
transaction.
Angels Flight, Leaburg
Number of Mortgages: 1
Date Submitted: October 23, 2009
Date of Bank Appraisal: November 11, 2009
Date Closed: February 19, 2010
Total Payoff: $217,364
Total Discounted Payoff: $93,892
Total Discount: $123,472
The Rest of the Story:
These homeowners faced financial hardship and a lot of debt and were unable to pay for their mortgage. They
connected with a realtor or referred them to Stewardship Properties who helped process a successful short sale
and alleviate the homeowners from facing foreclosure.
26th St., Springfield
Number of Mortgages: 1
Date Submitted: December 9, 2009
Date of Bank Appraisal: January 4, 2009
Date Closed: February 19, 2010
Total Payoff: $130,085
Total Discounted Payoff: $64,745
Total Discount: $65,340
The Rest of the Story:
The homeowner’s lost their income and began to fall behind on their mortgage payments, and faced foreclosure.
They tried to sell their home, but ran into some problems because the home had a shaky foundation and caused
buyers to back out. This short sale was successful as an A-B-C transaction and the homeowners were able to
avoid a foreclosure.
Corky Ln., Veneta
Number of Mortgages: 1
Date Submitted: December 18, 2009
Date of Bank Appraisal:
Date Closed: February 22, 2010
Total Payoff: $233,216
Total Discounted Payoff: $141,273
Total Discount: $91,943
The Rest of the Story:
The homeowner lost his job and was unemployed for quite some time, and his wife was unable to support their
family with just her income. This couple had never been late on a payment of any sort before and felt they had
to sell to get out from under the debt. They began the process of relocating to Bend to find work but were
unsuccessful trying to sell their home. Their short sale was successfully processed as an A-B-C transaction and
all they received full forgiveness of debt. The couple was able to find better jobs in Bend and start fresh without
a foreclosure.
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