short sales: Our Longest Short Sale - We Don't Give Up Unless the Sellers Do - 09/13/13 09:30 AM
 We recently closed escrow on a challenging short sale (lender) with a very cooperative seller.  As long as the seller cooperates with showings and documentation needed etc... we do not give up on a short sale listing we choose to take on and this one was TV news worthy IMHO.
It was about a week before Christmas in 2011 and we left the listing appointment teary eyed.
Sometimes life presents compound difficulties i.e. the depressed economy, unemployment, loss of health insurance, change in marital status, a medical diagnosis that leaves one with an uphill battle to beat the stated percentage of … (2 comments)

short sales: Don't Wait! Doing Too Little Too Late means We May Be Unable to List Your Northwest Indiana Property to Sell. - 11/12/11 07:29 AM
Often we get emails or a phone calls or even referrals that a Northwest Indiana Home Owner wants to list their home to sell using our services. And there is a sense of urgency in their request.
 
The email or call may reveal Reasons For Selling such as:
Financial Problems
Divorce
Pre-Foreclosure
Need Cash

The situation of needing to sell your home fast to prevent losing it is not an easy one.
 
Sometimes life situations like:
Unemployment
Impaired Health or Medical Disability and associated Medical Bills
Loss of  number of hours worked affecting take home pay … (2 comments)

short sales: NW Indiana Short Sale Closed listed by F.C.Tucker 1st Team Real Estate - 10/20/11 10:56 AM
 When one of our F.C.Tucker 1st Team Real Estate Agents list a property in Northwest Indiana subject to lenders approval of a short sale, as Broker/Owners, we help them facilitate the process once an offer to purchase is received until the transaction successfully closes.
Recently, an agent had such a listing that received an offer and within 29 business days we had a lender approval in writing and it JUST SOLD!
Mentoring and Coaching is part of a Principal Brokers role in our opinion!
Not all short sales are the same. Providing insight and support once an accepted offer is received … (0 comments)

short sales: Another NW Indiana Home Sold by F.C.Tucker 1st Team Real Estate Subject to Lenders Approval of a Short Sale - 10/23/10 08:57 AM
Another NW Indiana Home Sold by F.C.Tucker 1st Team Real Estate Subject to Lenders Approval of a Short Sale.

 
Thanks to past Blog posts and their Google rankings, our seller found us to list his property by doing a search online. The seller interviewed several agents found this way and chose to work with us based on the interview.
Not all short sales are the same. IMHO they take even longer for some reason than they did 1 or 2 years ago? This is our longest short sale to date = 4 months from receipt of offer  from buyer … (5 comments)

short sales: Who is Handling Your Northwest Indiana Short Sale? - 10/18/10 02:17 PM
This is our philosophy of Real Estate Practice->   WYSIWYG = What you see is what you get.
.No secretaries. No assistants. No UNLICENSED persons handling your transaction file.
Primary Care Real Estate.
Especially when it comes to Short Sales.
We disclose publicly on our MLS and in other marketing avenues which of our listings are short sales, therefore the public is aware ahead of time. l
Lately this disclosure has been noticed by 3rd parties who bypass us (the listing agents with an exclusive right to sell contract in place) and attempt to contact the seller directly with "offers" of … (6 comments)

short sales: Third Time's The Charm - Another Short Sale Property CLOSED in NW Indiana. - 09/18/10 11:20 AM
Third Time's The Charm - Another Short Sale Property Listed By F.C. Tucker 1st Team Real Estate in NW Indiana and CLOSED.
 Back in mid April we listed a Property in Porter County, IN subject to lenders approval of a short sale.
Short Sales are Not a Game.
First, you need a sale-able property in good condition and a cooperative seller. The short sale process is MUCH more involved than a traditional real estate transaction.
Next, you have to hope for a negotiator from the lenders loss mitigation department assigned to the file who is adept at the process and at communicating in a timely … (2 comments)

short sales: Some Short Sale Buyers Are Missing The Boat...so to speak :) - 06/18/10 10:25 AM
 
Some Short Sale Buyers Are Missing The Boat...so to speak :)

Lately, we've come across some short sale buyers that have miss-conceptions about this specific type of real estate transaction that differs from a traditional property purchase and would like to share these...
 
Short Sales are not Fire sales....the banks have a bottom line. Sometimes buyers have miss-conceptions that they can bid very,very low and ask for even more ( i.e. seller concessions) on a listing that is already priced less than what is owed on the note. This is not so.
Lenders wait around a long time for the best short sale … (7 comments)

short sales: Porter County, IN 20 Acres For Sale + Custom Home, Pole Barn & Pool- 46391 - 04/24/10 09:56 AM
Westville, Indiana zipcode = 46391 is a small town in Northwest Indiana - recently we listed a Custom Built Home For Sale on a 20.54 Acre parcel of land in rural Porter County that has a Westville mailing address.
Plkeanty of room to bring the HORSES or farm animals here - as there is a 48 x 60 Pole Barn with 4 Stalls and a Tack Room and workroom, plus an area of fenced pasture also.
The home also has a Kennel off the 3 car garage & breezeway with fenced outdoor pen.
All offers on this property are subject to … (2 comments)

short sales: Subject To Lender's Approval of A Short Sale - Home For Sale in Chesterton, Indiana 46304 - 04/16/10 10:22 AM
 We've blogged about Short Sales before.
As a Buyer - there are some things you should be aware of when writing offers on Properties in Northwest Indiana Subject To Lenders Approval of a Short Sale- Like this Chesterton, IN 46304 New Listing.
Please Note : lenders are NOT obliged to participate in the new HAFA Program
If we can answer any questions about the Short Sale Process to see if you are even a candidate who is willing to go through this atypical of Real Estate Transaction, please give us a call @ 219-405-1232
Jeff Safrin, Real Estate Broker/Owner, Short Sale/Foreclosure … (8 comments)

short sales: Client Testimonial on a completed Short Sale in NW Indiana - 02/05/10 08:43 AM
Just in time for Super Bowl Weekend we recieved this email from a past client today (a New Orleans Saints Fan)  in which we (Indianapolis Colts fans) successfully Listed & Sold their Northwest Indiana Home subject to their lenders approval of a short sale....
I guess we can agree to disagree on some things :) GO Colts!!!
 
 
 
 
 
 
HI Grace / Jeff,
     Don't have a scanner here, so just put my testimonial below.  Hope that works ok for you.  You may use my name if you wish.
Have a great weekend and
"GO Saints" !!!!!   … (11 comments)

short sales: For Sale in Valparaiso, IN 46383 - Subject to Short Sale Approval- 1/2 Duplex Townhome Great Location! - 01/28/10 07:04 AM
Located between  Rogers Lakewood Park and Bicentennial Park in Valparaiso, IN is a small development of Townhome Duplexes called The Cottages.  (Click on map link below the photo slide show).
This convenient location conducive to nature trails and yet just a few miles from major roads makes this new listing desirable location + affordable for those who can see the opportunity and have patience. Located close enough for commute to Chicago by I 90 Toll-road or I 94 Expressway or South Shore Train or Local BUS, this may be worth your careful consideration.
The sale of this property is subject to … (4 comments)

short sales: Ranch Home For Sale in Hessville, IN 46323 Subject To Short Sale Approval - 01/26/10 02:00 AM
Click here to read about Short Sales in Northwest Indiana we have facilitated successfully.
Then give us a call if you are in the market to Buy a Short Sale Listing.
or...
If you are behind on your mortgage payments and your lender will consider a short sale, give us a call @ 219-405-1232 to set up a time to meet and tour your property and talk to see if we can help you.
xx Subject to Short Sale Approval xx
(4 comments)

short sales: Northwest Indiana Homes For Sale Subject To Lenders Approval of a Short Sale - 01/07/10 06:23 AM
Hasty and Sweeping Generalizations about Short Sales are illogical.
We are Listing and Selling them in reasonable time frames.
With cash deals, some Short sales are closing even quicker than regular listed properties!
  Just depends on the lender, cooperation of the seller, qualification of the buyer, and on the experience, knowledge and tenacity of the REALTORS handling the transaction:)
Below are several Homes For Sale in Northwest Indiana that are subject to lenders approval of a Short Sale.
To read More about Short Sales Check out these previous BLOGS about our experiences in getting them done and then give us … (5 comments)

short sales: Lake County, Indiana Short Sale SOLD in 26 Days from For Sale Sign Up to Signing the Closing Documents! - 01/07/10 05:37 AM
We Listed a Home For Sale in Northwest Indiana's Lake County (Cedar Lake, 46303) back in late December that was Subject to Lenders Approval of a Short Sale.
Since the Seller was Cooperative and the Buyer Qualified, the Approval process was quick with a Cooperative Lender.
Even though obstacles surfaced, Jeff's experience in Short Sales, BPO's, and working with Banks (REO properties) helped get the approval done in 13 days from the date the offer to purchase was written.
All in all - this one is our quickest turn around time - only 26 days from the date we took the … (3 comments)

short sales: Short Sales are Not a Game. - 01/07/10 05:17 AM
Something in my gut wrenches when I read "Short Sales Are a Game".
They involve people's lives, families, difficult circumstances & situations, & loss of one of the most basic Human needs.

 
You don't "successfully PLAY" a short sale ...it is collaborative, not competitive, WORK.
Hopefully, with a compassionate attitude to all parties involved. 
Yes, even empathy for the Loss Mitigator who may be overworked with a huge pile of files on their desk. I will gladly NOT switch places with them for even a day :)
The Indiana Association of Realtors Online has re-printed a statement:
" You … (9 comments)

short sales: Cedar Lake Indiana Home For Sale Subject To Lenders Approval of a Short Sale - 12/14/09 09:39 AM
 Right down the Block from South Shore Golf & Country Club, this Cedar Lake Indiana Home comes with water rights and is a short walk to the Lake!                                                                                                                                                                
There are 3 Parcels total included in this sale!
2 Bedroom, 1 bath, 1335 square ft. Home for sale + shed on 75 x 125 Lot @ 14625 Bryan St.
and
2.5 car detached heated Garage on adjacent 60 x 125 lot @ 14620 Blaine St. Cedar Lake, IN  46303
and
another vacant lot @ 14624 Blaine St. Cedar Lake, IN 46303 that measures 50x125.
 
Great property for a starter … (7 comments)

short sales: NorthWest Indiana Real Estate - Opportunity Knocks - Buying or Selling A Home - Talk To Tucker ! - 11/06/09 03:49 AM
With the extension AND expansion of the 1st time Home Buyer tax credit until April 30th of 2010.
NOW may be the time to Buy a Home if you are a 1st  Time Home Buyer with good credit.
or
Sell Your Home if you are an existing Homeowner (for the last  5 consecutive years) and successfully MOVE UP or Downsize and simplify !
Northwest Indiana has plenty of affordable Housing options!
and even Short Sales are getting easier to sell and close thanks to new 2009 Indiana Laws.
 
So if you've been sitting on the fence ( which can get … (3 comments)

short sales: Some Short Sales in Northwest Indiana Real Estate Are Getting Done Quicker & Easier ! - 10/21/09 11:35 AM
It's been several years now since we have taken and sold listings of homes for sale that are 
" Subject to Lenders Approval of a Short Sale" .
The process of getting these to close successfully has been, for the most part, becoming easier.
Perhaps it is from lessons learned along the way & doing the footwork and homework upfront before even agreeing to accept the listing and put a 'short sale' home on the market.
Lately, however,  articles in major publications i.e 'Fewer Short Sales Come Up Short', point out that the part of the short sale process we do … (6 comments)

short sales: New Listing - Brick Ranch Home w/Full Basement & Privacy Fenced Yard in La Porte, IN- Subject To Short Sale Approval - 10/16/09 07:01 AM
(3 comments)

short sales: Guard Your Home Like the Swan Guards Her Nest.... - 04/09/09 05:30 AM
  Earlier this week,  Jeff got a call to do another Broker Price Opinion on a deserted Home Facing Foreclosure in Northwest Indiana.
It's sad to note, that some of these properties have been neglected for a long time, with water damage and mold growing as a result.
Surprising that people wait so long and finally abandon their homes. I often wonder when looking at the damages shown by photos....  if the homeowner tried calling a Real Estate Broker experienced in negotiating short sales early in the game....before it's too late....or even talked to the lender about loan modification programs to get a lower … (3 comments)

 
Jeff&Grace Safrin, SpousesSellingHousesTM (F.C.Tucker 1st Team Real Estate) Rainmaker large

Jeff&Grace Safrin

SpousesSellingHousesTM

Valparaiso, IN

More about me…

F.C.Tucker 1st Team Real Estate

Address: 13 Lincolnway, Suite # 203, Valparaiso, IN, 46383

Office: (219) 309-9930

Fax: 219-510-5005

Email Me

Northwest Indiana Real Estate - Lake, Porter, La Porte, Counties in NW Indiana. A Team Approach To Real Estate. We Are Internet Savvy! We provide you Valuable services and representation in Buying or Selling Real Estate and Relocation services : Competitive Market Analysis of Price, Marketing Plan that sells our Listings, Access to the largest buyer pool via Northwest Indiana Multiple Listing Service, Negotiation of Contracts. Coordination of the many aspects of Closing the Transaction: financing, inspections, insurance, appraisals, surveys, title work, deed, escrow, possession.


Listings

Links

Archives

RSS 2.0 Feed for this blog