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Good News: My Short Sale Keeps Her Home/ Bad News: I Don't Get Paid!

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Real Estate Agent with California Lifestyle Realty DRE# 1780607

I have been working on a friends' short sale since last October-- with many phone calls, pitfalls, restarts, pot-holes, phone calls, faxes, e-mails, phone calls, well, you get it.  I refaxed the 78 page bundle twice-- and then was told just a month ago that I was starting over using an "automated" system and all info had to be uploaded AGAIN!

On Friday-- she came by the office and said that her situation has changed-- she has secured a new job-- and she wants to try to keep her home by doing a loan modification. We called the bank, and she actually stands a pretty good chance of qualifying for one of the new programs available. I am very happy for my friend and hope that she is able to keep her home and she has offered to pay me for my time on her behalf-- What do you think is FAIR? 

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Kathy Schowe   760.333.8886  California LifestyleRealty  California Lifestyle RealtySchowe Properties                                           

        

                  
                                   

Tina D Saporito, Your Dedicated Palm Desert, CA Realtor Since 2005
Ronald Christopher & Associates. Proudly serving Palm Desert, La Quinta, Indio, Rancho Mirage, & Palm Springs. - Palm Desert, CA
Call (760)799-8460. www.JustListedinPalmDesert.com

I think it is all the better if she can stay in her home with a loan modification. It is better for the real estate market as well. I hope it works out for her.

Feb 01, 2010 05:32 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Kathy, I hope she gets to stay there as well.  I'm sure she dreaded the thought of a Short Sale.  If she was a friend, I don't think I would take her money now in payment.  Someday she will be on her feet and may repay you in cash or other ways.

Feb 01, 2010 12:42 PM
Kathy Schowe
California Lifestyle Realty - La Quinta, CA
La Quinta, California 760-333-8886

I agree with both of you--- I hope it works out for her ( I know it will!)   Kathy

Feb 01, 2010 03:14 PM
David Dee
RMX REALTY - Alhambra, CA
Real Estate - San Gabriel Valley (L.A.) & N. Orang

From the desk of David Dee,

Kathy, hope things work out for your friend. Since she procured a job it will help her save her home. She may send you referrals for being honest with you.

Feb 01, 2010 06:00 PM