Sometimes a short sale is worth every minute you spend on it. There are times where passion runs deep. No matter how often you may tell yourself not to get emotionally involved there comes a story that pulls on your heart strings.
We had a client who had called us because she found our Active Rain blog online and asked us to do her short sale. It was one of the smoother ones we have done. After her short sale was finished she referred us to this elderly gentleman. We will call him Phillip.
I spoke with Phillip as I always do with short sale sellers on the phone. Sensing the urgency in his voice and his doubtfulness that anything would ever turn bright in his life I felt compelled that Nestor and I would need to drive down to his house to visit with him, holding his hand along this process of completing his short sale.
You see, most of our short sale listings are done through email, fax and phone. Rarely do we meet the sellers until the closing if they are around town, which most of them are not. Most people doing short sales here in our area have already moved on by the time they call us to help them. They are usually absentee owners.
But Phillip was a different matter altogether. It was one of those in the gut feelings that you get and you know you must follow. Most of our short sale sellers are not in the most dire of situations. In our area most short sales are the result of using homes as ATM machines, trying to flip the properties and got stuck or moved out of Florida, bought a home and now letting this one go. One time I even raised money for a couple that I really felt sorry for only to find out that they had assets they could sell to raise the money to keep their home.
Phillip is different. When we walked into his little house we immediately witnessed the care and pride that this single man had decorated his home with. The first thing he told me was that when we sell the house we can take whatever furnishings and accessories we would like to have or give away. He was so eager to explain to me that he had decorated and furnished his entire house for $1,200 from items at Good Will and with things that his neighbors threw to the curbside to be sent to the dump. He did find some treasures of art and baskets. I was stunned that this entire home was decorated in this manner.
The first thing I asked him as he proudly showed us his home was, "Where are you going to go? Where are you going to live?" It was very comforting to hear him say that both of his X wives have invited him to their homes where he will be taken care of. You see, he has Parkinson's Disease. Today there is attention to this disease especially with the work that Michael J Fox has done for awareness as he struggles with Parkinson's.
We enjoyed sharing his trip down memory lane.He proudly showed us his photo albums of the days when he did not have the disease. It was a bitter sweet moment of emotion for both Nestor and myself. Here was a man who had lived a great life full of adventure and excitement, good will and bravery and here he was stripped of all of who he had been. On the one hand we shed a tear for how sad we were to see him lose everything including his own control over his body and another tear of joy for the magnificant life he has lived. Not many people live their dream life like he did. He was strong, handsome and full of life. He saved people drowning in the oceans because he was an amazingly strong swimmer, he sailed all the way to the Fiji islands! He was a boat captain.
I felt his pain as he then told us how he had been stripped of his Captain's license- all those years of service and glory, fun and thrill- just a memory as the license gets yanked away as he is told that this is because of your Parkinson's disease. It is no longer safe for him to be on a boat.
In fact, one of the symptoms of Parkenson's is dimentia; we see the signs setting in. He will need assistance for the remainder of his life. It is no longer safe for him to continue to live alone in his home. I thank God that his loan is NOT with Countrywide as we negotiate his short sale.
We already received several offers on his property and the course is moving along smoothly.
Phillip has touched our lives in many ways in the short time we have known him. One of the most significant impressions is how we take our health for granted. We gained a new understanding of how blessed we are with our bodies that function so well. We were blessed to realize how we really need to live in gratitude for all that God has given to us and that we are each free to choose our own path in life and how we respond to the trials that come our way.
He shared with me one of his favorite musical groups, Il Divo. Oh my! My heart was touched with these amazing voices and talent. I had not ever listened to this group before. He played their CDs for us while we were there. It was tough for me to concentrate on explaining about the short sale process and paperwork as the music captivated my emotions. I looked at this man suffering from this disease amazed at his attitude and his love for life. It was a lesson, a life lesson that we can all learn from. I posted Il Divo, Enamorado, one of my favorite songs below. If you love Italian- You will be in Heaven! Turn your speakers on and volume up!
Scroll down, be sure you don't miss taking a moment out of your day to enjoy Il Divo.
I wrote the cover letter to his lender today and because the person who reads the cover letter may not have a clue of what Parkinson's disease is and how it affects your ability to get around I included the symptoms as listed at the Mayo Clinic. I am including those here so that you can understand more about this disease. I am including the words I wrote to the lender with a prayer to soften their hearts.
"Mr ------ is no longer able to pay his mortgage payments or keep his home. He is an older gentleman who has aged beyond his years due to being diagnosed with Parkinson's disease. This disease actually came on quite suddenly. He is shaking so much that the most he could write on his hardship letter was one paragraph; therefore we are writing in his behalf.
He was laid off of his job because of his Parkinson's disease. xxxx was a strong and able man all his adult life. He was a boat captain. He also saved many people's lives out in the ocean and prevented many drownings. He is well known for his bravery and integrity. Now all that was stripped away from this man. He was stripped of his captain's license because he poses a danger now on the seas with his disease. He was stripped of his dignity while the disease strips away his control of his muscles. He was stripped of his manhood as he is not able to physically work or do things that normal men can do even at his age.
The first thing we do when we list a short sale is to make sure our clients do not go homeless when they sell their homes. He will need to move out of Florida and move in to a room in his x-wife's house. At least we will not find him under a bridge somewhere. He is going to need constant assistance with his living and basic human needs.
The following are just some of the symptoms of this horrible disease in case you do not have any experience with it: ( Taken from the Mayo Clinic Website)
Tremor. The characteristic shaking associated with Parkinson's disease often begins in a hand. A back-and-forth rubbing of your thumb and forefinger, known as pill-rolling, is common. However, many people with Parkinson's disease do not experience substantial tremor.
Slowed motion (bradykinesia). Over time, Parkinson's disease may reduce your ability to initiate voluntary movement. This may make even the simplest tasks difficult and time-consuming. When you walk, your steps may become short and shuffling. Or your feet may freeze to the floor, making it hard to take the first step.
Rigid muscles. Muscle stiffness often occurs in your limbs and neck. Sometimes the stiffness can be so severe that it limits the range of your movements and causes pain.
Impaired posture and balance. Your posture may become stooped as a result of Parkinson's disease. Imbalance also is common, although this is usually mild until the later stages of the disease.
Loss of automatic movements. Blinking, smiling and swinging your arms when you walk are all unconscious acts that are a normal part of being human. In Parkinson's disease, these acts tend to be diminished and even lost. Some people may develop a fixed staring expression and unblinking eyes. Others may no longer gesture or seem animated when they speak.
Speech changes. Many people with Parkinson's disease have problems with speech. You may speak more softly, rapidly or in a monotone, sometimes slurring or repeating words, or hesitating before speaking.
Dementia. In the later stages of Parkinson's disease, some people develop problems with memory and mental clarity. Alzheimer's drugs appear to alleviate some of these symptoms to a mild degree."
I go on about the market and other important facts pertaining to this property. I pray that the lender's heart is softened and that do not give Phillip any grief through the short sale process.
Touching lives- making a difference when it really matters.
Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington,Boynton Beach, Manalapan, Manalapan Point, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida and Port St Lucie Florida.We are accepting referrals.
Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.
33 Comments on The Bitter And The Sweet- Fruits Of Short Sales
MAR
31
2009
Katerina and Nestor...,what a beautiful story. I will pray for "Phillip" that the lenders will not give him grief. He is SO LUCKY to have you two watching out and helping him through this process. God bless you both.
Katerina - I'm glad he found you and Nestor, you guys really gone the extra mile to reach out to him and help. I really find this is necessary, especially with elderly folks and people who are affected by this horrible disease and any other illness. I hope this will make it a smooth transaction with his lender.
Il Divo ahh...loved the music, but then again, Italian music is "amore" to me.
I love Il they are amazing, have you heard them sing Amazing Grace, it is awesome.
There is a sad story behind most short sales, and foreclosures, contrary to what the media would have us believe they were not ALL or MOST irresponsible folks.
"There are times where passion runs deep. No matter how often you may tell yourself not to get emotionally involved there comes a story that pulls on your heart strings." We may disagree? I don't know.
I've bought, sold, leased, traded, developed, consulted on and/or financed an awful lot of real estate over the last four decades yet I never did a deal so mundane as to lack passion! Love, hate, discuses, pride, and an overwhelming sense of accomplishment, but never animosity! Never, never, never, never!
Katerina - This makes it all worth it. It is stories like this that really make our industry as uniquely rewarding as almost any other. I wish Phillip the best going foward.
Ilyce- 80% of our short sales listings come directly from sellers who googled and found our ACTIVE RAIN BLOG. We have received over 60+ listings because from our blog over the past year and a half. That is why I write ten posts a week! Well, one of the reasons:) Katerina
Katerina, Phillip was very lucky to find you and Nestor to handle his short sale. When you see someone with severe health issues, it makes us appreciate every healthy day that we have. I hope everything goes smooth with the short sale.
Jason Sardi- I agree! Those shining moments drown out the rain also. Life is full of teaching moments. I am richer in spirit for our brief but intense encounter with "Phillip."
Katerina, Isn't it amazing how God puts incredible people in our lives just at the right time. What a gift you and Nestor have been to this man, and what a gift he has been to you. In addition you have given us the gift of this story to learn from. IL Divo is wonderful. Thank you for reminding me. Blessings, Alice
Great work Katerina. You brought a tear to my eye and a pride that I am associated with people through AR and this industry that care so deeply. I wish Phillip peace and every joy he can still have before this terrilbe desease takes it away. Thank you for being you
Very touching, moving story, Katerina. I feel bad for that poor man, but I also admire him, too. His story could help many of us realize things just aren't that bad and we just have to make the best out of what life hands us.
Mike- We felt those feelings as well. We admire him- he lived his life in love, he did what he was passionate about, he lived his dreams. Thanks for commenting.
Paddy- Thank you for reading this long post! It was one that I wrote with passion and emotion. To help a tear to drop from your eye means that I was able to impart my emotions through my writing to you. That is a wonderful compliment. Thank you.
Alice- Thank you, that was my intent. I wanted to impart to you what is full in my heart. We are so very blessed! I had no idea of these magnificant voices and will forever be grateful that "Phillip" introduced me to.
Roberta- Oh, and how grateful we are for our health! We are so truly blessed. SO much to be grateful for!
Bill- Thanks and you are always welcome to disagree:) I am glad to know you run your business with passion. There is nothing more rewarding that doing what we love!
Valorie- Thank you. I love to listen to Il Divo now whenever I just need to unwind and feel my passion and soul.
Petra- Now I want to learn Italian!!! Love the music!
Rebecca- Thank you for taking the time to read the post and the letter and also for listening to Il Divo.
Hi Katerina....Thank so much for sharing this story, only last night we watched Michael J Fox on Oprah with Dr Oz last night explaining and discussing Michael's life now. He certainly has a great attitude, and Dr Oz says he's confident there will be a cure in a few years as he says a lot of process has been made recently..Check into Oprah's web site for details.
Good Luck with your Short Sale, hopefully you'll get more money than is owned for your client.
Katerina, that is a very sweet story of the short sale. I wish I can say that for any of my sellers...! But I am glad this short sale seller was able to find someone like yourself to take care of his sale!
Katrina, congratulations on offers for Phillips house and my wish for Phillip, the buyer and yourselves a successful closing. What a gift that he has his former wives both willing to have him stay with him. So often in our media we don't hear these stories of how people really do care and help each other out (wives, realtors, neighbors, etc.). Thanks for posting.
How special for Phillip to have youboth in his life. I had an aunt who recently passed away from Parkinson's. Her illness was a constant reminder of how fragile we all are and how thankful we have to be for our health and all of life's blessings.
What a wonderful story! I hope Phillip's home will sell quickly.
On a side note, you mentioned that 60% of your listings are short sales? Are you also teaching a short sale course in the near future?
Kerry- I am in my first draft of my short sale ebook. I just finished the draft. Nestor just made a bunch of notes that I need to either add or delete. I tend to get too legal:) I hope to have it online before the end of June. I got sidetracked teaching SEO webinars for agents here on AR.
I do teach short sales and coach agents one on one in short sales. If there is a big enough group I will also do a webinar and I can also come in person to a board of realtors or other venue to teach short sales.
Kelly- Well, gee, that would not be a newsworthy story to tell of how people help others. We are the most generous nation on earth but by the media's opinion, we are all horrid creatures:)
I thought it was the coolest thing that both of his Xes would love to have him in their homes and that they will take care of him.
Good evening. Be sincere; be brief; be seated. Help me! There is an urgent need for sites: Mudd flat womens shoes. I found only this - mudd abida shoes. Com mudd shoes sunny lighted shoes aerating shoes or sandals shoes for salomon pro model boots where can I buy nike zoom tre skate shoes tranist shoes. Buy one pair, get the second pair of equal or lesser value for wear mudd! Because mudd shoes are all about your own voice and attitude. Thank :o Cheryl from Iceland.
Great job to both of you & the negotiator. Your homeowner & yourselves are definitely Heroes.
If you come across this again when the lender wants a promissory note for a principal residence & the homeowner is insolvent, then remind the lender that would be against Federal Law that was passed Dec 20, 2007. That is the Mortgage Forgiveness & Debt Relief Act & Debt Cancellation that was passed by President Bush. The link is below.
If the lender decides to not follow Ferderal Law, then ask them to provide a letter stating their intentions. Your homeowner should also consult with a Real Estate Attorney & show the letter from the lender stating they will not follow federal law.
Congratulations again & have a great weekend.
Warmest Regards,
Jeddy M. Ruiz United States Marine Corps (Retired) Real Estate Investor, Certified Distressed Property Expert http://www.IBuyHouses.Biz http://www.activerain.com/coach_jmr (850) 637-8104 1-866-428-9249
Wellington Florida Real Estate Blog By Katerina Gasset of International Properties & Investments, Inc. is a Great Place For Real Estate Agents and Potential Buyers and Sellers to get to know more about Wellington Florida as well as other parts of Palm Beach County.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Katerina and Nestor...,what a beautiful story. I will pray for "Phillip" that the lenders will not give him grief. He is SO LUCKY to have you two watching out and helping him through this process. God bless you both.
I enjoyed the beautiful music by Il Divo.