Another Active Rain Success!

Mortgage and Lending with SWBC Mortgage 410-960-2061 NMLS 196068


Another Active Rain Success! 

Back at the end of February I got the call from Margaret Rome about a lovely family interested in moving in Baltimore.  They were not first time homeowner's, they had a home to sell.  Of course, Margaret was the listing agent, so I knew it wouldn't be long before they were ready to pack their bags.  They took some time to get their home ready for sale, and Margaret was ready to do her thing.

I provided them an estimated net proceeds calculator, reviewed all of their financial information, we discussed their options.  They were ready to start the search.

Margaret pulled out all the stops, blogging about the home they were searching for, even walking the neighborhood with flyers to let folks in their chosen neighborhood know she had some special buyers who may be interested in purchasing their home if they were thinking about selling.

Their home went under contract.  They hadn't found the right home yet, so their parents opened their doors (temporarily) to the whole family.  Mr. Buyer got a hard time at work for living with his folks, but his parents were thrilled to have the grandkids underfoot and enjoyed all the home cooking provided by Mrs. Buyer! 

Not long after, they found THE ONE!  It wasn't in the neighborhood they had chosen.  It wasn't a townhome. It was a fabulous single family home that was much more home then they had even considered.  Oh, and it was a short sale with not one but two liens! Oh No!  We have all heard the horror stories.  Heck, most of us have been involved in the horror stories!  Depending on the bank, this could be a nightmare.  We warned the buyers that they might just have to plan on an extended stay with the parents!

A contract was submitted, shortly thereafter it was accepted with a few minor adjustments.  Both liens (with Wells Fargo) signed off, and we were ready to go!  At Margaret's request we ordered the title from Jeff Margolies of Supreme Title.  He worked behind the scenes to ensure that everything went smoothly, even with a seller in BANGLADESH!  Papers had to be overnighted and signed at the American Embassy.  Apparently there is no wrench that Jeff and his team can't make go away!  Here's Jeff, a true title pro.  He will tell you that his lovely bride (and business partner) helps to make everything happen.

Jeff Margolies Supreme Title


Robert Ellin (the listing agent) and his team did a fabulous job of taking care of the lien holders, getting all the approvals and working with Jeff to facilitate the seller's side.  On the buyer's side Margaret helped the buyer through all the necessary inspections.  The appraisal came in with no conditions.  The purchase loan package was submitted, the loan was approved with only minimal conditions.  Conditions cleared, and the file was moved into the closing department.  The loan documents arrived at the title company a full week BEFORE settlement.  The HUD (Settlement statement) was prepared and approved by all parties.  The funds arrived at the title company the evening before settlement.  It's just how we roll (or at least what we do our very best to do!)

Settlement began with Jeff Margolies, Margaret Rome and the buyers. And of course, I was there.  Closing is my favorite part of the whole process!  Being there also allows me to work my Mortgage Mama Magic to help calm nervous buyers and answer any questions that may come up in closing. 

Not long after, the seller, a power of attorney for seller #2, and the listiing agent team of Robert Ellin and Wendy _________ came in.  It was a lively settlement room!  The seller seemed relieved and settled.  The agents were thrilled at how smoothly everything went, the folks at Supreme Title were knowledgable and professional, and the buyers were a little anxious, hoping that nothing would go wrong!  Everything signed and sealed, documents had to be sent for review to the lender.  A slight delay in waiting for the go-ahead for funding meant that we had time for a little photo shoot and more conversation.    All in all a very smooth transaction, with a great team in place that made it all happen!

Congratulations my new friends!  We sincerely wish you a long and wonderful life in your new home!

From Left to Right Robert Ellin (Coldwell Banker) Margaret Rome (Home Rome Realty) and our happy buyers.

Robert Ellin, Margaret Rome, Buyers

The buyer's side

Congratulations!!  It's over and now your new happy life can begin!  Happy 15 year anniversary!! Blessings!


The Happy Couple

Posted by

Warm Regards,

Bridget McGee  Maryland Mortgage Mama  NMLS# 196068  SWBC Mortgage.   410-960-2061 EHO or


If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure! 

If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest.  Please contact me at 410-960-2061.

Comments (6)

Mary Lockman
Windermere Real Estate Methow Valley - Winthrop, WA
Methow Valley Real Estate

Congratulations and here is to many more successes

Aug 26, 2011 03:59 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

It was a very special transaction thanks to you and everyone's hard work.

Here is my account....A Quick Smooth Short Sale is No Big Deal!


Aug 26, 2011 04:29 AM
Ellie McIntire
Ellicott City Clarksville Howard County Maryland Real Estate - Ellicott City, MD
Luxury service in Central Maryland

YAY. It's great when it all comes together. I am sure they were thrilled with the entire transaction.

Aug 26, 2011 08:59 AM
Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

I love your account so much that I just reblogged...


Aug 26, 2011 10:48 AM
Cameron Wilson
Labrum Real Estate - Murrieta, CA
The Short Guy - Murrieta,Temecula,Menifee Californ

A job well done by a group of professionals who made this transaction a win-win for all parties involved.

Congratulations to all of you and also to the sellers and new homeowners.

Aug 26, 2011 04:34 PM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Bridget, I guess this is really the quintessential ActiveRain Success story, isn't it? Congratulations everyone on a successful and happy transaction!


Mar 08, 2012 01:57 AM