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Another Successful Short Sale Story - Woodinville, Washington
Another Successful Short Sale Story - Woodinville, WA
When it comes to short sale, I've been successful 98% of the time. This one was also but it just about did me in. Patience is the word when it comes to short sales but this one really took it's time. The home was purchased at the peak of the market using one of those "creative" financing loans.
This home was the largest in it's immediate neighborhood since it had gone through a major remodeling adding the master bedroom and expanding the family room area. Now you know, when you are quite a bit larger than the other homes in the neighborhood, the BPO agent can't expect to find comparables in the same neighborhood. So, what are they suppose to do? Expand the search radius. Never mind that the next neighborhood are much higher quality homes with sidewalks and street lights. They have to use those comparables. So it sits on the market for 90 days without anyone even looking at it. The short sale lender refuses to get a new BPO nor would they consider mine. Of course, the BPO agent is from the south end of the county, since it is within that ... more
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