We have had a short sale in progress for months now.  I was handed the file 2 weeks ago to get Er done!  This short sale has had many bumps in the road. 

It doesn't matter to me, my job is to get it done! After-all, our company is handling both the buyer and seller...A very nice commission....I call it a holiday bonus...no one expects this baby to close.

Now mind you the buyer was a referral from the loan officer....was approved just needed a sales contract....that's right...a ready willing and able buyer...a buyer with money...with good credit....But the timing was off not only for this buyer but for the mortgage industry as well. 

Let me share with you a few mishaps....mishaps that require persistence and being relentless....

• Buyer was approved for a mortgage but because the seller's lender held the sales contract for an extra week for approval...the buyer's loan approval was flushed down the toilet when his lender stopped a specific loan program....No Worries...We'll find another.
• Two extensions, 2 letter's of denial and still the buyer wants the property.....all parties threw in the towel...everyone but myself and the loan officer.  
• The loan officer found the buyer a loan program and yes he has credit approval...worked out some kinks...still no loan commitment.  No valid contract....no loan commitment....common sense...without a valid sales contract who in their right mind would issue a loan commitment?  I knew this but obviously the outside parties didn't care!
• "No loan commitment...no extension!"...that's what the seller's attorney said.  "We will grant no extension...will not accept anther contract...you had your chance...its over..really over."
  

Gun shy I suspect...I understood all sides...but something inside still said to push and maybe we might just get it done.  I realize that some people would throw in the towel.....no not me....never!  Read more

Midori Miller, Century 21 Sundance Realty