I've said it before, but I'll say it again, I love working on Wachovia short sales. Give me nothing but Wachovia short sales in Sacramento and Elk Grove, and I'll be a happy, happy short sale agent.
A Wachovia short sale is like that lone flower growing out of a sun-drenched sidewalk crack. I work on enough short sales in Sacramento to thoroughly appreciate the no-nonsense way that Wachovia handles its portfolio of loans in default. Other banks pale in comparison to Wachovia. I'd say that Wachovia performs like a Gold Medal athlete at the Olympics while, let's say, Bank of America hobbles along like some old guy in a wheelchair with a flat tire.
I met with the manager of Wachovia's short sale department 6 days ago. We walked through one of my short sale listings in Elk Grove as I spoke with the relocated seller on my cell. The manager asked a handful of questions, the seller responded and, yesterday, we got short sale approval.
Not only did we receive approval, but Wachovia is paying the seller $3,500, providing we can close escrow in early December. The seller had gone into default after transferring out-of-state and tapped several credit cards to the tune of about $25,000 to try to keep the mortgage current -- a struggle that proved fruitless in the end.
But wait, the approval gets better; Wachovia is also paying a higher-than-traditional amount of commission. I charge more for my short sale negotiations than many other agents. I figure I'm worth it because I get results. Some buyer's agents snort when they hear about my listing agreement percentage because they don't believe that I'll get it; however, all commissions are negotiable and, on a short sale, subject to bank approval.
It's no secret that short sales are a lot more work than other transactions. I work extremely hard for the commissions I earn. I'm happy to report that Wachovia recognizes this and pays accordingly. As a Sacramento short sale agent, I've been doing them long enough to have established unparalleled systems, which handle the volume, and lets me give my clients the undivided attention they deserve. So, if you are contemplating a short sale in Sacramento, give me a ring. Call Elizabeth Weintraub at 916.233.6759.
And if you're a Sacramento Wachovia short sale seller, believe me, I'm rolling out the Red Carpet.
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Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.
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Elizabeth,
Just wow. I read so many horror stories about short sales, and reading something like is totally different. Getting the Seller some money is unheard of, and I can only imagine how glad thhey are havig you in their corner.