DUH  We got a call today from a co-broke who had a buyer interested in one of our short sale listings. Like many others, it had been listed too high by agents who "bought" the listing...adding the mortgages, commission and the famous "start over" funds and magically coming up with a price for which the home would never appraise. The agent had looked at the listing history in MLS and now that the price was done to a reasonable number for the market, it seemed impossible to him that the home would sell for sooo much less.  The truth is, at this time....the house would never sell for sooo much more !

   Can we close It ?  Duh....we try not to list what we can't close.... We are proudly CDPE designees (Certified Distressed Property Experts) and we have had the training and successful experience that has closed almost 100% of the short sales we have listed. Almost is due to in one case having the house burn down shortly before closing in another 3 more liens after the offer was received...

     If you or someone you know is unable to make their mortgage payments...call us or a CDPE trained realtor with successful experience...the credit you save will be your own.

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS

Sally K. & David L. Hanson  

 
Post is included in group: Certified Distressed Property Expert
Post is included in group: Short Sales
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3 Comments on If I Write on Your Short Sale ...Can You Close It ?

MAY
02
2009
617,086 Points 60 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Sally and David

Thus far, the lessons I've learned and have tried to convey to others is that a property with two loans from different lenders are going to be extremely difficult if not impossible to get short sale approval. So that's the first thing I research before we even look at a short sale listing.

My clients and I just got approval. We wrote an offer March 10 on a listing that was back on markert after the first buyer got tired of waiting and walked away. The listing agent said we should get approval in 10 days. Or so he thought. The previous loss mitigator went on vacation. When he returned, the file was assigned to someone else. So it was like starting all over again.

So while waiting, my buyers and I looked at other properties in the same area --- but we didn't see anything they really like. And those they did like are short sales as well. So we hung in there.

Finally received approval April 28. At last!

 

 
1:17am • #1
1,927,726 Points 155 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I hate that stupid question of "Can you close and when?" My question to them is can your buyer?

 
2:41am • #2
MAY
08
2009
5 Featured Posts Localism Sponsor

I get this same puzzling question on just about every one of my short sale listings. Typically it's always asked by a buyer's agent who lacks any experience with short sales. Since I am very well trained and experienced in short sales and distressed properties, I try to be understanding and patient with the buyer's agent.
9:25pm • #3


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Sally & David Hanson WI Realtors Luxury\Short Sale\CDPE\ABR\e-Pro\REDS

Brookfield, WI

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