Short Sale Maze
We often come across sellers and agents who have tried to pursue a short sale on their own to no avail. In some cases it has only been a few weeks, but in others, the effort has already been dragged out for months before we are brought into the fold. We can and do get these deals closed, protecting the seller from foreclosure and securing the commission for the agent. However, to dig these “lost” cases out of a hole can take a lot additional effort, expertise, and creativity.
One particular FHA short sale with Bank of America exemplified this challenge. When the agent and seller got us involved, they had been in the process for 4 months and had already seen offers fall by the wayside while trying to navigate the maze of the short sale process. After 16 variances, the stars aligned and we were able to close the short sale. This protected the borrower from foreclosure and a deficiency judgment; the agent received their commission and the buyer moved into their new home.
This is what our client, the seller, had to say when it was all over: “You have been truly amazing. Thank you so much for assisting me in the sale of my home….I know I definitely could NOT have done it without you. I haven’t had the best of luck over the last six months, but you have come through and took such a huge weight off of my chest…allowing me to actually enjoy and celebrate the impending birth of my son. Thank you…so much, you have no clue what this has done for me. As you know, I lost my job in August. I would like to do something to show my appreciation for all of your hard work…it may just be a little delayed, given the crazy set of circumstances I have been dealt. But if it means anything…it was an extreme pleasure to work with you. You are prompt, so friendly, and on top of things, and I have a large amount of respect and admiration for you. For once, my worry was able to take a “back seat”, all because I knew you were handling things and taking care of business. Again, thank you so much for all of your hard work. You’ve lightened my load more than you know….”
Check out our Kayser Short Sale Guide