short sales wisconsin: The OTHER Realtor Said "NEVER do a short Sale" !
- 10/11/11 12:02 AM
We went to a listing appointment last night that was a referral never having met any family members but knowing their situation which was upside down and struggling with multiple medical expenses and a great deal of angst and frustration. We are often not the first Realtor...but as we tell our prospective short sale Sellers...we ARE the last...we will get the house sold.
"The other realtor we talked to....Linda Lee (not her name; it was a Realtor we know who is a veteran and known in the neighborhood) said was should never do a short sale." I know Linda … (14 comments)
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short sales wisconsin: Come Home to New Berlin, WI - Outstanding Colonial- Exceptional Value !
- 07/09/11 12:46 AM
15135 West Harmony Drive New Berlin, WI 53151 MLS 1211076
$215,555 Exceptionally well maintained and updated...isn't that just what you were looking for in a new home ? We found it for you ...right here on Harmony Drive...WOW !
Popular Regal Manors East Sub-division is the location for this corner lot curbalicious colonial with 3 bedrooms and a bath and a half. Updates everywhere from the light fixtures of … (5 comments)
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short sales wisconsin: Mlwaukee River side Ranch in Grafton - Great Location - Hurry !
- 12/27/10 04:22 AM
2028 Edgewater Dr, Grafton, WI MLS 1178398
$147,999
Perfect ranch with eat in kitchen and hardwood floors...2 bedrooms and a full bath. An additional bath on the lower level with finished bed/office/den. Enjoy the scenic lot of almost an acre - attached 2 car garage and an additional garage with 1.5 spaces for all your summer and winter recreation toys and landscape tools.
This listing is a short sale listed by an experienced, successful short sale team. Agents must be present for all showings and inspections; no home sale contingencies.
Call the Hansons … (6 comments)
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short sales wisconsin: "My Buyers signed everything, we'll close next week," said the selling agent for our Short Sale
- 04/01/10 08:32 AM
We recently listed a short sale that got multiple offers...a cute house that lots of families wanted to call home. The dirth of paperwork was completed by both the buyer and seller. The selling agent knew all about short sales..she had training in a sales meeting...and her signature indicated an "SFR" Short Sale Foreclosure Resource.
"Now that all the paperwork is completed, we can close next week," she decided.
Hmmm....that would be nice...but...there is this matter of approval by the lender which for some reason she felt was an instant conclusion when everything was signed and sealed.
We … (6 comments)
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short sales wisconsin: "How Long Did the Negotiator Say It Would Take to Close this Short Sale ?"
- 01/16/10 11:48 AM
We just listed a short sale...which will be open for the first time tomorrow...Cute exposed ranch...great location...well kept...super price....and yahooooo the buyers are out...and apparently the new agents as well.
RING ! RING !
"Hi this is Agent Suzy ...I see you have a new short sale listing...I would like to set up a showing at 3:30....Has the
negotiator told you how quickly it could close ?"
" There is an open house as it states in MLS Suzy....right at that time...Negotiator... ? It is a new listing...."
Please … (2 comments)
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short sales wisconsin: "I have to speak to the Sellers" said the short sale 2nd Lien Holder
- 08/28/09 02:43 PM
We do short sales...we get sooo much satisfaction from closing them...giving people their lives back. We have a team of five people or we would not be able to do the work necessary to give our distressed sellers the service they deserve and continue our practice. We all have different roles and each does what we feel we do best and can contribute the most to getting the transaction closed successfully.
We have learned that loss mitigators sometimes tell different team members different stories....fortunately we all know each other well enough to know that it is not one … (13 comments)
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short sales wisconsin: Lenders for Short Sale Buyers....Learn the Process
- 08/15/09 03:50 AM
You have to stop being amazed at what lenders do not understand who are working with buyers who have accepted short sale offers. You have to patient with the bank to approve the sale...and patient and informative with the other end of the transaction. Part of the job of a short sale listing agent is education...all the players in the transaction may not be as familiar with the process as the lister.
Just as with traditional sales...there can be some twists and turns in a short sale purchase. Patience is of course a virtue on the part of … (12 comments)
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short sales wisconsin: MORE Short Sale Myths..."I'm the Appraiser Calling for the Buyers, Of Course Your Short Sale Is Vacant..."
- 04/22/09 06:34 AM
We got calls from two appraisers for buyers of our Short Sale listings....and both appraisers made the erroneous assumption that the properties were vacant. One of the advantages to short sale seller is that they are able to remain in their home until it closes. While there are circumstances where sellers have moved...to find another job...to move in with relatives who can provide childcare, etc. It is not a requirement that a Short Sale Seller Move out when the property is listed. You would think an appraiser would not make that assumption. So you know that if an appraiser does not … (6 comments)
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short sales wisconsin: Outstanding Custom Country Estate 2 years old 7+ Acres...WOW !
- 04/20/09 12:27 PM
… (2 comments)
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short sales wisconsin: We Couldn't Have Had a Happier Easter....
- 04/13/09 01:16 AM
We were invited to a friend's house for brunch with our homade goodies and my mother in tow, we went out to a western Waukesha county suburb and feasted on the collection of everything from salads to desserts with the traditional Easter Ham tucked in the middle as the entree. It was enjoyable...but that was not the best part of our day.
On the way home, we would meet one of our short sale buyers (we also represented the sellers on this transaction) with the whole family to introduce their two children to the new home they would … (1 comments)
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short sales wisconsin: I Have the Best NBF ....
- 04/10/09 01:34 AM
We recently listed a short sale for a couple we had sold the house to...short sales are hard...I don't mean the time it takes, the lender negotiation...the explanations to realtors who "should get it" and the consumers who "never heard of it"....I mean watching the emotional toll it takes on someone...in this case someone we knew for years before the listing. They took a tremendous amount of pride in this home that they loved and nurtured it...from the oriental garden outside the deck to the bathrooms that were updated top to bottom...ceramic tile, gorgeous vanities, walk in … (0 comments)
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short sales wisconsin: Short Sale Seller Nerves....
- 03/25/09 02:25 PM
There once was a short sale seller who
Didn't want to leave the state before closing on her short sale even though she had a good over asking offer....at the very great risk of losing her new out of state job Paid a lawyer to tell her exactly what we already told her...paying him with money she didn't have made her feel better. Was sure if we lowered the price no one would feel any urgency to buy her once very over priced house Was sure, as a former real estate agent, her short saled house would sell in … (2 comments)
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short sales wisconsin: Knowledge is Power...MORE IS Better....Go Get Some !
- 03/21/09 02:31 AM
No one likes to admit "they don't know"....it gets in the way of sounding professional ....or that is what some folks would say....and we think it is just the opposite...Know what you don't know...find out...refer...research.....You are more help to the seller, buyer, general public, the image of the industry, the credability of your company...whether you are a realtor, lender, appraiser, attorney....you can never know EVERYTHING about EVERYTHING.
We don't quote mortgage rates or claim to know every program for lending avaiable...OR when a particular person goes for financing what that person's options are for financing....lending is … (3 comments)
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short sales wisconsin: Short Sale Open House....WOW ! What an Education !
- 02/23/09 12:41 AM
We listed a short sale recently...we had sold the sellers the home and through a combination of very sad hardships as hard as they tried...no one has ever tried harder...they could not stay in their home and remain employed. The house, in a wonderful neighborhood had some updates done...they had enjoyed the landscaping they did....and maintained it well. We priced it a little below market and had a brokers' open.....with over 30 showings....and on to the open house.
The phone started to ring with agents promising offers from their buyers....we always asked..."Do you and your buyers understand … (6 comments)
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short sales wisconsin: Who'd have thought Multiple Offers would be a sad thing ?....
- 02/22/09 12:32 AM
This morning there is a turkey on the grill, brownies in the oven and potatoes bubbling on the stove waiting to meet their masher....we are doing our best to bring a favorite meal to multiple offer presentation tonite for a family we sold a home to a few years ago that has had to short sale their home. We got the house all dressed up and ready to sell from the de-cluttering to the proper pricing...ready, set, list....!
There are those who would say it's JUST a short sale...there is no such thing as JUST a short sale....every … (9 comments)
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short sales wisconsin: Bittersweet for Short Sale Sellers....
- 02/21/09 04:38 AM
It is very often...almost always... sooo hard for sellers to come to grips with listing their home as a short sale...it is the house that they were going to "live in for a lifetime"...the one they raised their children in...the one they bought during the height of the market and has now adjusted to a no longer affordable rate. It is the one that the lender generously gave out the HELOC (Home equity Line of Credit) for the landscaping, remodeling, finished lower level, updating kitchens and or baths...the one that they put sweat equity in to truly make it the "dream … (5 comments)
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short sales wisconsin: Shut UP Your Mouth..Go Away..Mama Look a BooBoo ...Short Sale Rumors !
- 02/19/09 09:24 AM
My mother was a fan of Harry Belafonte and you could frequently hear the strains of calyso tunes flowing throughout the house as Harry belted out the folk music of his Carribean heritage...Matilda...Mary, Mary...Scarlet Ribbons, Jamaica Farewell.
I remember his bronzed physique prominently pictured on album covers...and as children, we learned every word of the often repeated melodies.
There was a song and the lyrics were in part, what we viewed then as "really naughty" ...we would not dared have said "Shut up your mouth..." and today when we got a call from a distressed short sale seller...these … (1 comments)
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short sales wisconsin: Steps From the Park...Mukwonago 4 bedroom Short Sale For You !
- 02/16/09 01:19 PM
Wow...great layout...steps from the park...ready for your family to enjoy with a little patience for a short sale. Mrs. Clean lives here....feel free to eat off any floor...from the spacious kitchen with island...and adjoining dinette...first floor laundry...cozy family room with fireplace...on to the living room...and a room now used for an office can be your dining room or whatever your imagination wishes it to be !
Great back yard with a patio and above ground pool. Come on upstairs to the master suite with whirlpool and separate shower....walk in closet and large bedroom. Three other generously sized … (1 comments)
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short sales wisconsin: Short Sale Tales...Rumors....Oh Not....Not Again...
- 02/12/09 05:59 AM
We recently listed a home as a short sale and the Seller was amazed...of course she believed that her home was worth the Zillion Dollars that her former agent for a list price. That would mean paying the mortgage, the HELOC (Home Equity Line of Credit) and giving her and her soon to be ex-husband a little bit to "start over"....and then the ugly housing market raised it's head..unemployment became reality for her and the reality of a short sale was the only answer.
Knowing what the Short Sale Price would be...not the inflated price that it had been listed … (9 comments)
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short sales wisconsin: Short Sale Tales - Understand the Term...Short Sale
- 02/01/09 01:48 PM
There seems to be a lot of confusion....and if realtors are this confused....it is understandable that the general public doesn't "get it" either. Agents are under the mistaken impression that some magical procedure allows you lengthy discussion with lenders when you list a property that tells the listing agent that the lender has given their blessings to "short sale the listing." That is really not quite how it goes gang. The mythical blessing does not make it a short sale.
If a seller is upside down....owes more than he/she/they can sell the house for...and you list the house … (0 comments)
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We went to a listing appointment last night that was a referral never having met any family members but knowing their situation which was upside down and struggling with multiple medical expenses and a great deal of angst and frustration. We are often not the first Realtor...but as we tell our prospective short sale Sellers...we ARE the last...we will get the house sold.
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