short sale accomplished home closed, Sun Prairie Wi

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Real Estate Agent with Powered by: eXp Realty 50781-90

 

Congratulations to Genette and Lee, who closed a chapter of their lives today.    Yes they sold their home in The Madison Area even though the mortgage was $150,000 more than the net proceeds from the sale.  

It wasn’t easy.  We lost one buyer when the bank took too long to make a Short Sale decision.  When they finally made the decision, the buyer had lost a job.    But the second round, we were able to make a deal with in 3 weeks to go forward with the sale and to release the sellers from their debt.   Yes we negotiated $150,000 off the principal.  

Again, congratulations to Genette and Lee. You were wonderful, doing everything that was asked of you.   And the result was that you can move on with your lives. 

Short sales require skill and expertise.  If your agent does not have experience with the short sale, then you need to find one who knows what they are doing, who to talk to, how to talk to potential buyers to educate them and keep them in the fray while negotiations are going on.

If you are underwater, a short sale may be for you.  About short sales Madison Wi.    To help in the decision process watch this series of Videos: Sell My Home Madison

Get a chuckle. 

Watch Real  Estate Guy video. 30 seconds

Search all area homes for sale Madison Wi

RealEstateGuy.  Madison Wisconsin   originally posted Madison Home Blog

 

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Guy Lofts CRS,  is a long-term area resident who has been helping people make sound housing decisions since 1993.  Guy is a past president of the Wisconsin Chapter of CRS, the Certified Residential Specialists.  A leader in technology, having had his first personalized web page in 1995.  With a first Blog in 2006,  Guy has provided training with in his office and is to present a training at past Wisconsin Realtor conventions.

His passion is helping people improbe their quality of life through Real Estate.  That means whether you are in real estate of ust want to invest of buy a home, we can help you.

Real Estate Guy @ eXp Realty Madison 

Helping Buyers and Sellers in Madison WI  Search all homes for sale, Madison WI

 

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Topic:
Home Selling
Location:
Wisconsin Dane County
Groups:
Foreclosures & Short Sales
Foreclosure Talk
Short Sale REALTORS®
Short Sales Specialists
Tags:
realestateguy madison wi keller williams realty
foreclosure short sale

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Rainmaker
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Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Guy - Congrats on closing this short sale, it definitely takes a great listing agent and sellers to get the job done.

Jan 23, 2011 01:40 PM #1
Rainmaker
189,393
Real Estate Guy in Madison, Wisconsin
Powered by: eXp Realty - Madison, WI
Real Estate Guy

Hi Michelle, Thanks for the comment

Jan 24, 2011 03:26 PM #2
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Rainmaker
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