Special offer

A Quick Smooth Short Sale is No Big Deal!

By
Real Estate Broker/Owner with HomeRome Realty 410-530-2400 311291

A Quick Smooth Short Sale...No Big Deal!

The contract offer was written on June 18, the contract was accepted on July 7, bank approval was given on July 13, and closing today, August 25!

A Quick, Smooth Short Sale is No Big Deal...as long as you have the right team.

Our team consisted of a terrific listing agent, Robert Ellin, title attorney Jeff Margolies,  Margaret Rome, and Mortgage Mama.

We also had the most cooperative and pleasant seller, plus excellent buyers!

The team worked harmoniously, keeping each one updated and promptly getting everything the bank wanted.

In my opinion, the listing agent's relationship with the bank makes or breaks a short sale. Robert Ellin was a delight to work with and on top of every detail.                                                                             

              I like the laminated survey Supreme Title gives to the buyer.

 

                                         Survey  HomeRome 410-530-2400

                                              

                                                  Jeff Margolies Esq

 

    I had the best buyers in the world! At first, we were looking for a townhouse with a garage. We were lucky it was unavailable because we found this wonderful single-family home with a two-car garage in a neighborhood with many friends!

 

                                       Robert Ellin, Margaret Rome, The Buyers

 

                                              Mortgage Mama

  

I always thought M&M stood for Margaret in Maryland, but Bridget said otherwise...Mortgage Mama. Can we both be right? Absolutely!

A Quick, Smooth Short Sale is No Big Deal...as long as you have the right team.                                            

 

 

                              410-530-2400

 

 

I am available to answer any questions or concerns. mrome@HomeRome.com 410-530-2400

 

 

Posted by

Margaret Rome
HomeRome Realty
Broker/Owner/Realtor®

Baltimore, Maryland


Sell Your Home With Margaret Rome

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Comments (19)

Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

what a great post and a great example of how a short sale does not turn into a long sale and a headache.

 

Aug 25, 2011 03:41 PM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Margaret, this just proves that a great team that knows what they are doing will be successful quickly and save all parties involved a lot of aggravation and frustration.  Great job!

Aug 25, 2011 03:43 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

What a wonderful testament to others.  You are so gracious in all that you write, always building others up and giving credit.  Great job, Margaret.  I know that your buyers are thrilled.

Aug 25, 2011 03:50 PM
Liz Flint
Century 21 Hardee-Team Realty - Houston, TX
Houston\Tomball Realtor (832)816-8066

Hi Margaret, what bank was it that only took 7 days to approve? I'm curious, it usually takes weeks to get an answer.  Thanks for processing another sale so that it didn't go to foreclosure.

Aug 25, 2011 03:54 PM
Christine Hooks
Pino Agency - Pennsville, NJ
Celebrating 25 Years in Real Estate!

I just love those great big settlement smiles!  :D

Aug 25, 2011 03:57 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Margaret

That's pretty impressive for a short sale. Thankfully you had the right person on the bank side. Sometimes, no matter how great the team, the bank can, well, muck it up. Congratulations!

Jeff

Aug 25, 2011 04:52 PM
Scott Hayes
(512) 786-8300 - Austin, TX
Realty Austin, Broker Associate

Margaret,

Congrats on a great sale. Anytime you can get a short sale to go that quick, it is pretty impressive. It takes a great team.

Aug 25, 2011 04:56 PM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Margaret,  A great story with an even better ending!  Your Team Rocks!  Congrats!!

Aug 25, 2011 05:44 PM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Congratulations, Margaret....having the right team members can and does make all the difference....you have it.

Aug 26, 2011 12:01 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Congratulations on a speedy process, and kudos to the team success!!!

Aug 26, 2011 01:23 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Joan, Hearing so much negativity about short sales, I wanted to share this positive experience!

Silvia, Having the right team members (buyers,sellers,bank,listing and selling agent) makes the difference.

Judi, Just proves that you cannot do a short sale alone...no matter how good you are!

Liz, Wells Fargo.

Jeff, It worked well with each member being the right one.

Scott, You are so right.

John, You have to put the team together each time.

Barbara, Having the right agents, the right lender, the right title company, the right buyers and right sellers...makes the right team.

Kat,Thanks for stopping by.

Aug 26, 2011 02:43 AM
Bridget "Mortgage Mama" McGee
SWBC Mortgage 410-960-2061 - Baltimore, MD
Maryland Mortgage Mama NMLS#196068

Margaret,  Thanks for another fabulous transaction!  You make it easy to make it happen!  Congratulations to another happy client! 

Here's my version of the day!

http://activerain.com/blogsview/2475114/another-active-rain-success-

Mortgage Mama

 

Aug 26, 2011 03:53 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Bridget, It was a wonderful settlement. Lots of happiness and  a big thank you for being there to make it happen!

I love your account of the day!

Aug 26, 2011 04:28 AM
Gail C. Harris
Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD
Reach the BEACH with Gail C. Harris (cell: 703.868

Most times I find it's the relationship between the agent and the negotiator, too.  And, even at times as the buyer's agent, I ask permission to speak with the bank, too.  I am very tenacious.  My first short sale was doing nothing for months, I finally said enough of this, and within 20 days after I was involved we closed.  My next was 30 days.  I wish I could be involved in more of them, it's just a matter of being on top of things, most times. :) Great job.

Aug 26, 2011 09:25 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Hi Gail, You have been missed. With a short sale you must be tenacious! I bet you are great getting the short sales settled!

 

Aug 26, 2011 10:40 AM
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

That's incredible Margaret!  Congratulations!!!  Was your short sale by any chance owned by Wachovia.  The only one I have had be so smooth was with them.  Have a wonderful weekend!

Aug 26, 2011 03:57 PM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

DeeDee, It was Wells Fargo and there were 2 loans!

Aug 26, 2011 04:30 PM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Every short we do has two loans...or at least 95% ...some have other liens as well....would that they all moved this quickly !

Aug 27, 2011 01:47 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

Sally, It would be nice if they all moved this fast.

Aug 27, 2011 06:07 AM