When these sellers decided to divorce they were left with an upside down home and with neither party able to afford the home on their own. We listed the home as a short sale. A month later they decided to try to modify. Loan modifications are generally useless for divorcing couples as both will be forced to remain on the loan even through the modification, but some folks like to try anyway. We pulled the property off market and 5 months passed while my sellers discovered a loan modification wouldn't help them.

The property went back on market and six weeks later we secured a buyer for the property and all seemed well. Chase approved the short sale and it seemed we would be on our way to a closing...until inspections revealed major issues. The house became unfinanceable, and the buyer walked.

It took three more months in a stagnant market for us to secure a new cash buyer. Chase was not as quick to approve the short sale this time at the much lower new price. It took some pushing, but three months later Chase approved the short sale, and 2 weeks later....this 17 month journey was over!