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Philadelphia Short Sale TERMINATOR Rises Again!

By
Real Estate Agent with The Somers Team at KW Philadelphia

Philadelphia Short Sale TERMINATOR Rises Again!

If you have done any Philadelphia Short Sales or short sales anywhere across the country, you know what I mean by short sale "TERMINATOR". He is the creepy bank employee in the loss mitigation department that hinders your short sale's progress. He comes out of nowhere and TERMINATES your deal! He is so mind boggling and quite frankly annoying that it frightens me. His shenanigans border on that very fine line between being brilliant or insane. Either that or perhaps a very high functioning monkey that escaped from the Philadelphia Zoo. It is a tough call. 

Today, the eve of New Year's Eve, I discovered that one of the Philadelphia Short Sales I am working on has been slayed by the  "TERMINATOR"!

 

My short sale has been: Terminated -  Put Down - Erased - Deleted - Snuffed Out - Puff just like that... GONE!

It is not bad enough that the language used to describe what happened (TERMINATED) stirs up the same feeling you get when you bury your kid's pet hampster, but, what is worse is the reason why the TERMINATOR terminated my short sale. Get this: the TERMINATOR could not find a date on the seller's Hardship Letter !

Whhhaaattt? The date is right there. TERMINATOR, you need glasses!

I am not sure what type of eye care these folks get with their medical benefits but that should be looked into. Seriously. The TERMINATOR ended the entire short sale process because he could not see a date. He did this without communicating to me or my client. So, with my tail between my legs, and the unrelenting desire to press on for my client, I resubmitted the Philadelphia Short Sale package in hopes that the TERMINATOR will see the dates this time. That or get new glasses.

To make sure he can identify the documents and dates this time, I thought I'd help the TERMINATOR out. No hard feeling big guy.

I am nice like that : ) Do you think the writing is big enough?

Philadelphia Short Sale

If you are thinking of looking into a short sale for your home and have some questions about how to begin, please contact us. We may joke about the process but short sales are no joking matter. They are, for many, one of the best solutions that will help get homeowners out from under huge financial burdens. Thank you for reading. We are here to help.

Russell Lewis
Realty Austin, Austin Texas Real Estate - Austin, TX
Broker,CLHMS,GRI

"creepy bank employee"

Excellent description for a person behind the desk that knows or cares little about the real world of real estate! I hope thing improve in a big way for you this coming year!

Dec 30, 2010 12:43 PM
Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 25 Years in Real Estate!

I csn't wait to show this post to our processor.  She will certainly appreciate it.  She just had one 'terminated' because the 'creepy bank employee' wanted us to take the federally required lead based paint disclosure out of the contract!

HUH???????

Dec 30, 2010 03:08 PM
Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL

Chris & Stephanie - 

Happy New Year...  Just had a run in with a Terminator and I [or actually the buyer and seller of the short sale] came out on top.

I really appreciate how you take the Business Seriously, but don't take yourselves "too seriously".

Wishing you all the best in 2011!

Jan 01, 2011 02:08 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Christopher and Stephanie, Wish you Happy, Healthy, Prosperous New Year. You are experts in short sales. Sellers should call you to list their home if it is a short sale.

Jan 01, 2011 10:25 PM
Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

I came across a listing yesterday that has been on the market for the last 2 years as a short sale.  It goes under contract for 4-5 months, comes back on the market and goes under contract again.  My clients want to see it so I'll be calling the agent today.  Wonder if it is the victim of a "terminator" who keeps killing the file?

Jan 02, 2011 01:23 AM
Laura Gray
RE/MAX Realty Group - Gaithersburg, MD

Chris & Stephanie

It is amazing what a 'Vast" territory this SHort Sale  'Terminator" covers. He has struck down here in Maryland as well.

 

Jan 03, 2011 01:31 AM