Shame On You Short Sale Buyer!

By
Real Estate Broker/Owner with Heart Realty Group, Inc.. IL-471.002355

After waiting over 3 months for a short sale approval it never seems to amaze me how a Buyer could in one fell swoop lose it all!  I just got word that one of my pending approved short sales has lost its buyer due to the buyer's inability to get a mortgage!

How can that happen?  You Short Sale Buyer's Think it can't happen to You?  Well, unless you have read my previous blog about the 10 Commandments of Getting to Close then you might also lose it all after waiting months for a short sale approval because you didn't listen to your real estate agent or your loan officer!

Folks, this is serious!  Lending guidelines have changed.  There is no room for errors or miscalculations, no fudging, no maybe I won't get caught, etc.

There are no excuses to lose your dream home becausae you didn't understand the rules!  Wise up and follow the 10 Commandments - get to Close!  Don't disappoint your family, friends and loved one and don't disappoint your real estate agent and loan officer!  We don't get paid unless we close folks!

Steps to Home Ownership

Yea, I know, why would anyone want a job where they actually have to rely on a series of events that they have no control over to make sure that the hours and months that they have spent working on a deal happen only to be disappointed because someone thought they were different and could do it just this one time!

Just us real estate agents and loan officers that believe that those that can afford to buy a home should buy a home especially in today's once in a lifetime opportunity to buy during the lowest interest rates with the most choices in stock that we may see in a long time.

So, don't be one of those Buyer's that have to walk away from their home ownership dreams!

Posted by

Evelyn Santiago

Managing Broker - 630-251-0059

Heart Realty Group, Inc.

We are Passionate About Real Estate!

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Stephen Howell 06/08/2012 11:34 PM
Topic:
ActiveRain Community
Location:
Illinois
Groups:
Running a Brokerage
Law of Attraction for the REALTOR!
short sale specialists
Tags:
preapproval
buy a home
mortgage financing
short sale
short sale buyer
short sale agent oswego
short sale homes oswego il

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Rainmaker
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Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

great read and thanks to the link to the 10 commandments too! thou hath done a super job!

Jun 04, 2012 10:09 AM #1
Rainer
219,073
Robert Amato
Bob Amato of Empire Home Mortgage Inc - East Meadow, NY

Evelyn,

 Perhaps the buyer got tired of waiting for the selling bank to approve the sales price and they decided to move on to another property. You didn't say if the property was an approved short sale or not.

Jun 04, 2012 10:10 AM #2
Rainmaker
316,706
Marnie Matarese
J Wood Realty - Sarasota, FL
Showing you the best of Sarasota!

Excellent 10 commandments.  When I have a short sale buyer I send out a weekly reminder of things they are not to do.  It has worked with the last two and they thanked me for being such a nudge.

Jun 04, 2012 11:20 AM #3
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Rainmaker
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Evelyn Santiago, Managing Broker Heart Realty Group, Inc.

Passionate About Real Estate & Our Clients!
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