wesellupsidedownhomescom: Lenders for Short Sale Buyers....Learn the Process
- 08/15/09 03:50 AM
You have to stop being amazed at what lenders do not understand who are working with buyers who have accepted short sale offers. You have to patient with the bank to approve the sale...and patient and informative with the other end of the transaction. Part of the job of a short sale listing agent is education...all the players in the transaction may not be as familiar with the process as the lister.
Just as with traditional sales...there can be some twists and turns in a short sale purchase. Patience is of course a virtue on the part of … (12 comments)
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wesellupsidedownhomescom: BEST BUY....Almost New...Split Ranch...You Wonago to Mukwonago !
- 08/08/09 03:42 AM
Oh Wow ! This barely lived in Mukwonago split ranch has a master suite with double vanity, separate shower and whirlpool tub....Great room with deck backing to a conservancy....Open Concept...Priced to sell now....Entertainment friendly design with welcoming gourmet kitchen...first floor laundry and attached garage...it doesn't get better....Gotta Love it.....Better Hurry...Call us for the open house schedule OR to arrange a private showing: 414-525-0563 or toll free: 877-525-0563 It's a short sale...worth the wait and we'll try to make that very Short !
;"> … (8 comments)
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wesellupsidedownhomescom: The "Experienced" Short Sale Lister Has No LM 7 Months Later...Huh ?
- 08/05/09 03:48 PM
We had an agent call us about showing one of our short sales the other day..,...she admitted she was hesitant. He buyer wanted a "good deal" and she had seen our listing on line and sent it to her buyer. The buyer had sold his home that did not have a mortgage and had cash and time to close....ahhhh the perfect short sale buyer. She said he had written on a short sale on another agent and was growing impatient. Oh no...My excitement was starting to dissipate....and I asked her how long they had been waiting....
"Seven months ago … (0 comments)
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wesellupsidedownhomescom: Short Sales are Not for Agents Who are Upside Down...
- 07/30/09 12:01 AM
Yesterday we had a specific request from a buyer for a short sale...anxious for a good value at a good price, didn't have a house to sell....was well qualified financially...so off we went to find a listing that would work for this anxious home buyer....
WHOOPS ! The first listing we came across seemed to meet the criteria...short sale, good condition..price a little high but we can work with that....and then we studied it further...the agent listing the house was the seller. That cannot happen...not because we say...not because very obviously the agent was not trained in short … (1 comments)
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wesellupsidedownhomescom: Short Sale Counter Offer...The Buyers Negotiate With the Bank...
- 07/27/09 04:16 PM
We got an offer on one of our short sale listings...and of course, everyone is a realtor...This agent got our counter from the sellers...which she said we weren't "really supposed to do"...."Just submit it to the bank and the buyers will negotiate the sale." Gee ...never thought of that...why submit a package. why supply all the documentation when you can really make it short and let the buyers shorten the distance between offer and acceptance and negotiate it themselves.
If you haven't been to Short Sale School...a recognized school...CDPE...,,,this agent had never listed a short sale … (11 comments)
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wesellupsidedownhomescom: If Short Sales were a Wine....
- 07/26/09 12:07 AM
Reading thru some blogs with agents whining about short sales...banks that don't cooperate, mortgage insurance companies unwilling to take losses and don't understand the term "short", listing agents with no training who thought they would "experiment" at the risk of someone's foreclosure, agents who try selling them but don't prepare their buyers that it can be a "hurry up and wait" game, Soooo I thought it would be interesting wine/whine flavors that we could create revolving around this area of practice.
Would the wine be red....for what sometimes seems like the blood that the banks and … (12 comments)
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wesellupsidedownhomescom: Divorce....a Cause For Short Sales
- 06/21/09 02:27 AM
In the olden days, before we were married....there used to be three things that people would site as reasons for divorce...differences in religion, financial problems and infidelity. The economy has dealt many couples and families some financial challenges...and those things, it seems either strengthen a relationship or lead to it being broken beyond repair. In Wisconsin, you no longer site a specific reason...there is no finger pointing about who cheated...who didn't communicate...who failed to "love and honor"....it's a no fault state. The cause of divorce isn't blame...it takes two to make it and two to break it....so the cause is … (12 comments)
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wesellupsidedownhomescom: This Takes the Short Sale Cake !!!
- 06/20/09 12:42 PM
A part of our real estate practice is devoted to short sales. We have studied through two different schools, are CDPE (Certified Distressed Property Experts) and have a great team that enables us to work on other listings and with buyers as well.
As the result of our specialization, we develop buyer lists for buyers looking for homes in specific communities that are short sales. I ran thru the searches that were targeted to specific buyers and up pops a "Short Sale" in an area where several of our buyers are looking for homes....before I pick up the phone … (2 comments)
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wesellupsidedownhomescom: Decision Making Can Be A Painful Process....
- 06/15/09 01:07 AM
Decision making can be a painful process. Sometimes it feels that the biggest and hardest decisions must be made at a time when we have the least amount of strength to make them. When we are emotionally involved with an individual and have their health care power of attorney….it sometimes feel like no matter what the decision, the question is who are we deciding for….for our comfort or the comfort of the person who may be suffering and will never recover to regain the quality of life that they had enjoyed before the threatening health care situation. To say … (7 comments)
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wesellupsidedownhomescom: Thank You Sooo Much for the Short Sale Referral to your divorcing Friends...
- 06/08/09 04:35 AM
First I want to thank you sooo much for thinking of us... Know that there is no business like more business and we love what we do... We knew when we left the house...they were hoping against hope that we were underestimating the value of their home. From the "tell it like it is" school which you know from other referrals you have so generously given us...we believe that the home is very, very dated and will not sell for the price they imagine will pay their indebtedness to the lenders and give them "start over" … (6 comments)
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wesellupsidedownhomescom: Outstanding Better than New Short Sale Split Ranch....Hurry !
- 06/03/09 01:00 AM
We didn't want to wait till all the photography was done to share this outstanding split ranch...just a few years old...Mmmmm...open concept...tranquil location overlooking a conservancy..attached 2.5 car garage...party-friendly deck...Master Suite with whirlpool, double vanity and a separate shower...walk in closet..Outstanding curb appeal...and a short sale value...at just $295,000...it just doesn't get any better...drive on over to:
You'll find it in the Minors Homestead sub-division...just take Highway 83 west to the Sub-division entrance...
The views from the deck are a real piece of nature's artwork any time of year....relax, enjoy, entertain...it's all here and at a price you will entertain.
… (0 comments)
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wesellupsidedownhomescom: Short Sale Punishment....Take A Time Out....
- 05/31/09 12:06 AM
As I have blogged a bazillion times before...a good part and I mean that in the very best way...of our real estate practice is devoted to short sales. The stories are sad....the houses can be gorgeous and the combined euphoria of the relief of the homeowner from foreclosure and the happiness of the buyer...in getting a house at a wonderful price and knowing that they have helped someone is a wonderful feeling....happy tears everywhere...agents, buyers, sellers. Lately...we have seen a little different attitude....and it has been evident with both buyers and sellers and unfortunately an agent here and there.
… (6 comments)
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wesellupsidedownhomescom: Short Sale Buyers MUST be Flexible......And Enjoy the Savings !!!
- 05/28/09 06:00 AM
To be a good candidate as a short sale buyer....You absolutely, positively, without a doubt
If you....Ms/Mr. Selling Agent have a sense that your buyer has some urgency....can't make arrangements for temporary housing, can't prolong a lease or close even earlier than anticipated (yes we DO have some short sales that close EARLY ) then do everyone a favor.....the seller, the listing agent, the title company, the lenders - for your buyer....the one or more for the sellers....do EVERYONE a favor and don't even write the offer.
Know this....everyone ELSE who chooses to be involved in … (11 comments)
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wesellupsidedownhomescom: Short Sale Tales...We have our House Listed...BUT....
- 05/27/09 12:39 AM
We got a call from a homeowner who fits the "distressed" description...beyond description...as does the agent who has the property listed currently. The property has been on the market for over 200 days...for less than is owed and is not listed as a short sale ...the homeowner says that the agent has not ever even mentioned, explained, discussed the definition of short sale with him...HUH ?
The property description and the comments to the agents in MLS make no mention of the property being a short sale....and oh surprise...it isn't priced like one either ! The agent is a … (4 comments)
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wesellupsidedownhomescom: Short Sales...Make it Your Highest and Best !
- 05/19/09 12:32 AM
We promote our short sale listings and don't subscribe to the "the price will sell it don't promote it" theory....we respect that the sellers want to move on with their lives...that the bank needs to get rid of the red ink...that the market doesn't need one more house for sale...and that marketing was my career in another lifetime..that more than one medium is more effective than any one media...
If you list short sales...You have an obligation.....it's called...getting...
As a seller...it's important to you...just as it would be with any kind of transaction that … (12 comments)
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wesellupsidedownhomescom: Patience Makes Perfect with Short Sales....Get Yourself a Truck Load !
- 05/16/09 12:59 AM
The housing market talks about the patience a buyer has to have with a short sale. Let me tell you..it is sooo not just the buyer(s)....it is EVERYONE concerned/involved with a short sale.
- The listing agent has to be prepared - mentally, emotionally, financially to handle a short sale. The sellers are stressed, the buyers are anxious and the lender may sometimes appear...or make that not appear...disappear. There may be more marketing money spent that will wait for a longer closing. While price is a serious consideration, so is the visibility of the listing to … (0 comments)
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wesellupsidedownhomescom: A Country Estate Dream Come True in Mukwonago, WI !
- 05/14/09 02:17 AM
If you always wanted "a little bit country"....say about 7 acres....
You want to have a refuge that is entertainment friendly...a formal dining room...a gourmet kitchen to cook for a crowd....a paneled sun room to take in nature...an attached 3 car garage....A separate out building....with power and water for a workshop, craft center or kiddy hideaway...
A first floor laundry....open concept...with a master suite and a pamper plus spa shower....A finished lower level that includes a complete kitchen....You really can have it all....and now with a tiny bit of patience for this short sale....come on out and see … (2 comments)
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wesellupsidedownhomescom: We're Off to See the Wizard ....Of Short Sales...
- 05/08/09 02:13 PM
While working with our Short Sale lenders today and talking with agents across the country who do as well...Midori Miller, Wendy Rulnick and Elizabeth Weintraub....it hit me how very like Dorothy in the Wizard of Oz we had all become in our lender communications as we all try to negotiate the very best transactions we can for our short sale sellers. We want it all...we want the Wizard to grant them all the traits that make the best lenders, that help our sellers survive their hardship in the very best way possible.
For the Lion in the Lender....we want them to have … (6 comments)
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wesellupsidedownhomescom: Outstanding Custom Country Estate 2 years old 7+ Acres...WOW !
- 04/20/09 12:27 PM
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wesellupsidedownhomescom: We Couldn't Have Had a Happier Easter....
- 04/13/09 01:16 AM
We were invited to a friend's house for brunch with our homade goodies and my mother in tow, we went out to a western Waukesha county suburb and feasted on the collection of everything from salads to desserts with the traditional Easter Ham tucked in the middle as the entree. It was enjoyable...but that was not the best part of our day.
On the way home, we would meet one of our short sale buyers (we also represented the sellers on this transaction) with the whole family to introduce their two children to the new home they would … (1 comments)
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