Every so often a Sacramento short sale comes along that becomes the mama of short sales and presents a compelling story to share. This is one of those short sales. It was overpriced by the bank. It had two loans, and the second lender was Green Tree, which is not a favorite among many Sacramento short sale agents. On top of this, the sellers had a SMUD lien for windows filed against the home, and banks generally don't pay (approve payment for) those types of UCC filings in California.
It needed a new roof as the existing roof was shot. It had plumbing problems in the sewer line and no clean out. The floor in the bathroom was soft from dry rot and possible termite infestation. Half the home was remodeled before the sellers ran out of money and into financial difficulties.
Most Sacramento short sale agents would not tackle this type of short sale because of the AS IS requirement to sell and because an overpriced short sale doesn't sell, not even in a hot seller's market in Sacramento. But never say never to this Sacramento short sale agent. You can read more in my personal blog today about The Sacramento Short Sale Closing Against the Odds.
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