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Wellington Short Sale Agents Close Another Short Sale

By Katerina Gasset

Real Estate Agent with The Gasset Group & Get It Done For Me Virtual Services 13253167-SA00

April 22, 2011 03:29 PM

Wellington short sale agents close another short sale in Wellington Florida- Another one bites the dust!

Wellington Short Sale- Successfully negotiated and closed!!!

In-take evaluation completed on April 5, 2010

Listed on April 13, 2010

First approved short sale price $220,000.

First buyer gets loan denial - we have to start all over again.

Lender was Wells Fargo.

Amount owed on the property $381,000.

Final purchase price $210,000

Debt totally forgiven, $3000 to the seller, no deficiency, no promissory note, HAFA approved short sale.

Final closed date April 19, 2011. Nearly one year later!!!!

We had multiple offers on this property. Lots of them.
The sellers chose one offer that appeared to be the best one.
The buyer's agent said her buyer was fully approved. They had the letter to prove it:)
The buyer was represented by another agent not related to our company.
The buyer was so totally in love with the house, got to know the sellers, had similar interests.

On the day of the closing, the buyer got their U-Haul, had all their belongings in the U-Haul.

They went to the closing. The sellers go to the closing.

They are sitting there and the buyers lender calls in to pull back the loan!!!

It was one of the most heartbreaking scenarios. Everyone was devastated.

The good news was that we could put the property back on the market with an approved Wellington short sale price. But then the next offers started coming in at $175,000 and $170,000 - too low-

Sellers refused all those offers as that would be a waste of time.

Then we finally got an offer of $210,000 and we had to start the short sale all over again.

But this time it went a bit faster to get into negotiations and get to closing.

Finally, got to closing!!!!

Call your Wellington Short Sale Agents- Nestor Gasset and Katerina Gasset at 561-753-0135 to find out about your foreclosure options.

IMPORTANT DISCLOSURE:

*Seek competent legal counsel and tax advice for any real estate transaction. International Properties and Investments , Inc. is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit. *

For more information about Wellington Short Sales and Palm Beach County Short Sales Click Here.

T o view Wellington Florida Homes For Sale Click here . We know Palm Beach County Short Sales and Port St Lucie Florida Short Sales and will help you get your home Sold if you need to Sell your home and help you buy your home in Wellington Florida : Call us today at 561-753-0135.

What is a Wellington Short Sale?

Wellington Florida Short Sales - What You Need To Know - Part 1

Wellington Florida Short Sales- What You Need To Know About Short Sales - Part 2

Wellington Short Sale agents- Short Sale questions to ask agents.

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Clint Mckie

Desert Sun Home, commercial Inspections - Carlsbad, NM

Desert Sun Home, Comm. Inspection 1-575-706-5586

Sounds like some of the "deals" I have been through. When a client changes things or gets denied etc. Glad you were able to "get the deal done"

Clint

Apr 22, 2011 04:30 PM

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Nestor & Katerina, Congratulations on another successful closed short sale.

Apr 22, 2011 04:38 PM

Yolanda Hoversten

Self Employed - O'Fallon, IL

Referrals for O’Fallon, IL & the Metro East

Great job, Katerina! I'm sure the sellers are relieved, the buyers are happy. Win-win because you know what you're doing!

Apr 22, 2011 04:46 PM

Mimi Foster

Falcon Property Company - Colorado Springs, CO

Voted Colorado Springs Best Realtor

They just don't seem to have a clue that it is people's lives that they are messing around with, nor do they seem to care. I have been in that situation, and it is beyond amazing.

Apr 22, 2011 05:16 PM

Elisa Uribe Realtor #01427070

Golden Gate Sotheby's International - Berkeley, CA

Opening the Doors to California Homes -East Bay

Nearly one year later. Good for you for your perseverance! We need to have it in the world of short sales. My longest short sale deal took 9 months and I hope not to break that record:)

Apr 22, 2011 05:24 PM

Anne M. Costello

Weidel Realtors - Yardley, PA

How much hardship did that year cost the sellers, their clients? Congratulations to all of you. Wells took the same loss, and had additional expenses, and the sellers, ugh! Just hoping and praying for some better lead times.

Apr 22, 2011 08:39 PM

Fernando Herboso - Associate Broker MD, & VA

Maxus Realty Group of Samson Properties - Clarksburg, MD

301-246-0001 Serving Maryland, DC and Northern VA

I wish I could say otherwise but. ..I can beat that time line for a closed short sale.. .sigh~

Apr 22, 2011 11:47 PM

Ken and Leslye Huebsch

3x Individual Agent of the Year, Luxury Homes, First-Time Buyers, Residential Resales, New Construction - Harrisburg, PA

Realtors - Harrisburg Homes for Sale 717.514.1793

I don't envy the fact you are getting good excellent at shortsales. They are few in PA. Well done.

Apr 23, 2011 04:04 AM

Dave Keys

MOVE UP in Google Search Learn How Here - Brea, CA

Chief Search Strategist Real Estate SEO Expert

That's easily the best worst-of-the-bank short sale scenarios I've heard! Hard to believe this isn't unique :-( This is how banks behave when we, the taxpayers bail them out with our grandchildren's money? Hmmm...

Apr 24, 2011 02:08 AM

Jimmy Williams

Keller Williams Elite Partners IV - Mount Dora, FL

Lake and Western Orange County Real Estate Expert!

Katerina,........I'm sure ya'll did that happen dance after closing that one!!.............Congradulations!!

Apr 24, 2011 03:08 AM

Katerina Gasset

The Gasset Group & Get It Done For Me Virtual Services - Provo, UT

Amplify Your Real Estate & Life Dreams!

Thanks everyone!

HAPPY EASTER to everyone and if you celebrated Passover- Happy Belated Passover:)

Apr 24, 2011 07:02 AM

Wellington Short Sale Agents Close Another Short Sale

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