Special offer

The Tale of the Shortest Short Sale and $35,000

By
Real Estate Broker/Owner with Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management 01490605

My VERY Shortest Short Sale....

Recently I told you about the longest short sale (A Tale of Tenancity, I Refused to take NO for an Answer) I've had in a long time. It's only fair that I give the Shortest Short Sale it's due time.

November 25th the JP Morgan Chase listing was signed.

November 28th the contract was received by Jp Morgan Chase

December 2nd 4 offers had been received Short Sale Sprite- Susan Sells Short Sales

December 4th Offers Countered, Offer Accepted, We are in Contract

December 17st We get OUR APPROVAL from Jp Morgan Chase – 13 days

January 21st close with a 7 day extension to allow for Holiday Vacation Days

We closed this short sale from start to finish in under 60 days.

To top it off the seller received a forgiveness of $1.4 million, with no deficiency. Chase also gave the Sellers $35,000 to short sale their home which I explain here

Jordon Wheeler
The Jordon Wheeler Group - Fairburn, GA
J W Group Real Estate Sales and Service

And the short timeframe from contract to closing is awesome!  Best of success to you this year!

Feb 09, 2012 09:15 PM
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi Susan,

No talk of 11 cents an hour on this one!

Love the post.

Some of the banks are slowly getting to where they are figuring this whole thing out.

PHil

Feb 09, 2012 09:37 PM
Roy Kelley
Retired - Gaithersburg, MD

Good Friday morning.  Congratulations on your very successful short sale transaction.  Have a great day and an outstanding weekend.

Be sure to have your camera in hand to capture those special moments when you are out and about in your community or during your travels.  Life is better when there are flowers to photograph.

Feb 09, 2012 10:04 PM
Susan Goulding
Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management - Tracy, CA
Northern CA - Tracy & Mountain House Real Estate

Jordon thank you, if only all short sales were this quick

Phil - no this one was more than 11 cents even with paying a 50% referral fee.  WHEW>  YEAH BANKS

Roy - Camera is with me at all times.  Thanks for the reminder to pull it out and use it.  WOW

 

Feb 10, 2012 07:21 AM
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Got to love it, Susan!   I had a Wachovia one that had short sale approval in 7 days and with our 30 day escrow was my quickest ever.  I'm working on my longest right now where we originally put our offer in last May!

Have a great weekend!

Feb 10, 2012 03:21 PM
Susan Goulding
Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management - Tracy, CA
Northern CA - Tracy & Mountain House Real Estate

DeeDee, just think how much time you have getting to really know your clients.  LOL

 

Feb 10, 2012 05:11 PM