She started out like any other buyer wanting to find a home of her dreams. Her search of homes encompassed DeKalb and Clayton County. We began her search for a home that was right for Her Husband and children with the appropriate space for each of the family members. DeKalb County was the winner specifically Ellenwood, GA this is area where they decided that the family would settled.
Her first home that she thought was her dream home, began as a dream and ended as a nightmare.One thing that struck in her mind with this short Sale property is that the Seller appeared to not really wanting to move. The sellers home was filled with furniture and feeling of a seller that wasn’t planning to move.
This process went on a month. It turns out it was not that Bank that wasn’t going to approve the Short Sale it was the seller that did not want to move. When I informed her of this dismal news her attitude was good and we move on in our search of Homes.
I found her the Home of her dreams, a six bedroom, and 4 baths with an upper level family room. This home was located in a newer Subdivision that had gone defunct in its building- it did not matter She wanted to own this home.
She waited patiently, month after month to see if this home Short sale would be approved by Bank America. I had prepared her earlier that a Short sale is a long process, but if you have patienceTo wait you would be able to get a home at a good price and one that was right for you. We waited patiently with high hopes that Bank America would approve this Short sale
The Appraisal was completed, still we did not hear anything on the Short Sale approval. I understand that in the Short sale process, you sometime have other investors that will make the decision on the Short sale approval. Our hopes were high when we received an email from the Listing agent that Bank America requested a updated Settlement Statement. I called her with excitement , surely we will hear something soon.
Then I received that dreaded email that Bank America had foreclosed on the property. The Short sale was turned down and no counteroffer. What we didn’t understand is why would the Bank foreclosed on property that they have a buyer that is interested in purchasing? Why would the Bank America not counter the offer? These are questions that My Buyer and I will ponder.
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