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SHORTSALES & SELLER CONTRIBUTION: It Ain't Over Til'...YOU Know...

By Melissa Polce

Real Estate Agent with ERA, Wilkinson Real Estate Charlotte 183201

July 16, 2012 11:15 PM

Everywhere I go I get 100 questions(HOW, WHY, WHAT, ARE YOU CRAZY...,etc.) since I am one of those "kooky" agents that do Short Sales....yes; it is my team that will take Center Stage on a Delinquent Seller's Doorstep having been beckoned to the home of our next Short Sale listing...Once we get them up and running like any other listing; the true fun begins....

Kinda like the 12 Days of Christmas Song...Sing it with me now;

Explain all the details, when was your last Payment; Regular listing Paperwork, 3rd Party Letter, Stating Hardship Letter, Required Addenda from each Lienholder, Mortgage Forgiveness Now Act, IRS 4506-T, Last 2 Bank statements, Last 2 Tax Returns, Lasts 2 Paystubs, Bank Estimated Proceeds, HOA information....AND A PARTRIDGE IN A PEAR TREE.....

So you must understand after all that work and we get a good offer, explain all the details have a wonderful, ready, able buyer/seller & close to bank approval...it BITES MY BEHIND...when I get a note from our seller....

Phone Call to Me: "I know that we make good money and I know the Bank is willing to forgive $50K in loss...BUT; I dont want to pay ANY money to the bank, I AM MAD AT THEM...." says Mr. Seller...

$500-1000 should not interfere in the big picture of wiping out a $50K loss Mr. Seller…Let’s keep focused on The Big Picture Here…

So...Let it be known, I will Get This Deal Done, Stay Tuned...and Stay Updated, SHORT SALE Sellers...TRUST YOUR Agents....

Because It Ain't Over...Til....