Lake Tapps
$355,000

A couple was tracking a distressed home they wanted to buy to move into and occupy.  They had tracked the property for nearly a year and made offers that were not accepted due to the amount of mortgage debt owed against the property.  The lender in senior lien position finally had scheduled an auction date.  The week of the auction the borrower was referred to Liberty Capital by a mortgage loan officer.  Liberty Capital was able to immediately qualify the borrower and get the value of the property.  Liberty Capital also verified Title making sure that it was clean of any additional potential liens to follow after the auction.  A Liberty Capital representative went to the Trustee foreclosure auction with the borrower and successfully bid on the property for the borrower.  The borrower put down 15% and acquired the home for nearly 25% off the current market value of the home.  The Liberty Capital auction loan was then paid off 32 days later with a 30 year fixed mortgage.  Liberty Capital helped the buyer get their family into their dream home. 

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