short sales: Tears of Relief - 01/15/11 02:37 AM
Tears of Relief I'm Sorry
I had just delivered the news over the phone to my client, and she was crying. The only words she could muster for over a minute were, "I'm sorry." There was nothing she needed to be sorry for. I was savoring the moment, holding back a tear or two myself. I had just told her that her short sale had been approved and that the lien holder had committed in clear, unambiguous terms that her remaining mortgage debt was being forgiven in full.
Disbelief
My client's friends and even her attorney had told her that even … (8 comments)

short sales: Get Back What I Paid For My House - 10/12/10 09:00 PM
Get Back What I Paid For My House Phone Calls From Homeowners
Increasingly I have noticed a virtual script in the calls I receive from homeowners who are considering selling their homes. The script goes something like this:
"We bought our house in 200__ and put about $___ thousand into some improvements. Now we're thinking about selling, and we know the values have gone down, so we're not expecting to get our money back on the improvements, but we just want to get back what we paid for the house."
No Sugar Coating
After I ask some questions about the type … (2 comments)

short sales: Before Judging The Next Short Seller... - 03/29/10 12:36 AM
In the midst of one of the busiest real estate weekends I've ever had, I spent some time with a potential short seller.  My story is short, too, because the seller deserves privacy and I'm not going into a great amount of detail.
I nearly shed a tear when I saw their home.  I thought it was staged, but it wasn't.  The care and attention to details conveyed by someone who is faced with losing almost everything tangible was moving in itself.  On top of that the seller's attitude of cooperation and helpfulness, when there is nothing self-serving to be gained from potentially … (5 comments)

short sales: Short Sales Not All Bad - 03/06/10 02:13 AM
Some brokerages are no longer willing to participate in short sale transactions, and who can blame them?  Most of us have either had bad experiences or heard horror stories from others about short sales turning into nightmares for all involved, especially for buyers and sellers.
It's definitely a positive development that there is growing caution with respect to short sales, because there are all sorts of unknowns and risks associated with them that are at a minimum, magnified in comparison to non-short transactions.  And differentiation in the marketplace, in this case between brokerages and other professionals who will work with short sales … (0 comments)

 
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David North

Duvall, WA

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Coldwell Banker Bain

Address: 15410 Main Street NE, Duvall, WA, 98019

Office Phone: (425) 836-3096

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