Snatched from the Jaws of the Bank!

Real Estate Agent with Keller Williams Realty - Madison

Feeling really happy for my sellers and my buyer who closed the deal AFTER the sheriff's auction! Yes, there is a redemption period in which the seller still owns the property -- in this case, 10 days. Buyer had some problems securing his loan (what else is new these days?) due to medical issues which finally got cleared up. Seller stood to take $37,000 in equity if we closed, of course nothing if the auction sale got confirmed. Another great day in real estate!

Comments (3)

Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Its not for the weak or part timers this game of Real Estate....good job Kate

Mar 02, 2012 10:47 PM
Barbara Tattersall
Keller Williams Realty Metropolitan (Keene,NH) - Keene, NH

Good For you, Kate!!!

Chalk up another one for the good guys.  Can't wait for the banks who are making it so difficult for buyers and sellers (and agents!)  now-have to come begging for business. I'm talking about the huge entities where one hand doesn't know what the other is doing.  We have some agents who will only work with folks using our local, strong, reasonable banks.  May they live long and prosper.

Mar 02, 2012 11:01 PM
Robin Dampier REALTORĀ®
Coldwell Banker King - Hendersonville, NC
Hendersonville & Western NC Real Estate Source

Way to go Kate and I can imagine the seller(s) did a great Happy Dance and happy buyers as well.

Sue of Robin and Sue

Mar 02, 2012 11:23 PM