This Short Sale Bank only gave us "1" Business Day to Close Escrow!
Okay - this is the scoop. Last Wednesday, one of the listing agents on my team called me and said she had a problem with one of her short sale listings. She explained the situation...
- The Short Sale Bank (we could guess which one probably)... had given us verbal approval at $125,000, but we waited and waited for them to extend the foreclosure date and send us the approval letter.
- They then countered at $135,000 - after having given us verbal approval at $125,000.
- Buyer refused and threatened to sue everyone top to bottom.
- The Shanna Day Team Negotiator and I, The Team Leader both jumped on the phone and found out that the approval letter had been sitting in their file but they had let it expire before giving it to us then gave us the counter offer - $10k higher!
- After escalating it for 3 days straight, we got the Short Sale verbal approval again Friday and the Short Sale Letter Friday night (yes - at night on a Friday)
- Short Sale Close of Escrow Date: 3 days later - MONDAY!
- So... we had to get utilities turned on Monday (our sweet inspector waited for hours for us).
- We got it inspected, money wired, docs signed and it recorded at 4:59 PM!
YAY! Shout-out to Gail Wefer at Security Title in Phoenix, AZ who pulled it all together in one short day, Another Shout-out to Dan Weale, who is our tireless Short Sale Negotiator for The Shanna Day Team, shout out to Gina Gomez - the listing agent who wouldn't give up, to Carol, the Vice President of "the bank" who helped us even on a Friday night, to the seller and buyer who made it happen on a moment's notice, and to Terry Allen our patient and thorough Inspector who helped us through this at the last minute - literally.
GOOD JOB SHANNA DAY TEAM for getting this short sale approved and closed in "1" Business Day! Woo Hoo!
Keller Williams Realty East Valley
2077 E. Warner Rd., Ste 110
Tempe, AZ 85284
Phone: 602-345-0393
Fax: 480-223-4299
This Short Sale Bank only gave us "1" Business Day to Close Escrow!
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