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Boise, Idaho short sale success, another one closed in 64 days!

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Real Estate Agent with Keller Williams Boise
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Boise, Idaho short sale success, another one closed in 64 days!

Listing Photo - 2133 Leadville, Boise, ID

 

We just closed on my 2133 Leadville property in Boise, Idaho.  I couldn't have been more happy with the outcome.  The sellers came in asking us for help and in 64 days from contract to close we were able to successfully get them released without a deficiency on this short sale

The cherry on top was the lender gave the sellers nearly $1000.00 dollars for completing the short sale.  We were able to close this short sale before any notice of default was ever filed and the quick close helped to minimize any damage to the sellers credit.

I owe a big thank you to my sellers for being so responsive throughout the process, the buyers for being so patient, and to the lender for making this one work.

Short sales in Idaho are effective.  And in this case it's a win-win for everyone involved.  You could just see the relief in my sellers faces when we walked out of closing.

 

Clayton Bonjean
Mainsail Realty Company - Santa Rosa Beach, FL
Broker | Owner | MBA

Good job on that one.

 

Sep 18, 2009 05:30 AM
Heather Adkinson
Windermere K-2 Realty LLC www.propertiesinmoseslake.com - Moses Lake, WA
Real Estate Agent - Moses Lake

Congratulations on good job.  I have an offer in on 2 short sales and it's been 3 weeks still no answer.  We are waiting patiently!

Sep 18, 2009 05:38 AM
Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate

Great job Brian, was this an FHA loan? FHA will offer the sellers cash for co-operation

Sep 18, 2009 05:40 AM
Brian Brumpton
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate

Jeff,

It was.  My sellers were shocked as I kept that part a surprise until closing.

Sep 18, 2009 05:46 AM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Brian, congrats on a job well done!  Even though they had to give up their home in the process, your sellers must have been very happy.

Sep 18, 2009 09:29 AM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Congratulations!  And I'm so jealous...  Who was the lender?   

Sep 18, 2009 02:34 PM
Jen Bowman
Keller Williams on the Water - Holmes Beach, FL
Realtor - Anna Maria Island & Bradenton FL

Congratulations Brian on your short sale victory! I also want to know who was the lender?

Sep 18, 2009 04:26 PM
Brian Brumpton
Keller Williams Boise - Boise, ID
Boise Idaho Real Estate

Janna and Jen, it was Wells Fargo on this one.  They have been pretty good to work with on all the files I've had with them.  Janna, I know you think otherwise after the last couple I sent to you.

Sep 19, 2009 07:23 AM
Janna Scharf
Keller Williams Realty Coeur d'Alene - Coeur d'Alene, ID
Coeur d'Alene Idaho Real Estate Expert

Brian, YOU HAVE NO IDEA!  Actually, the nightmare hasn't been WF, it has been PMI insurance, trying to get them to approve her short sales.  You don't know me well enough to know that my motto is Never Give Up.  I tracked down the contact info for the CEO of PMI, and the anonymous hotline to file complaints to their Board of Directors.  Suffice it to say, heads are rolling and things are moving.  Here's an excerpt in an email from my client this morning with the subject line: I just can't stop smiling! -

I am so excited by the news yesterday...I am hoping that it is all real and not a dream.  I do so appreciate your drive and determination when I was ready to just give up.

Stay tuned....

Sep 19, 2009 09:26 AM