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No Apprentice to Short Sales 4.4 Years

By
Real Estate Agent with HomeSource Lamoreaux Group

How do you explain the combination of skills, persistence and timing in the market?

A short sale that took FOUR.FOUR YEARS!

It was the house that no body wanted, not even the bank! Well almost nobody.

We did finally sell it.

We had NOD"S on it but never did we have a auction date

and the bank did not try to do a loan modification.


What is it?

 A 1600 sq ft home in Apple Valley Ca. Almost two acres with a 1960's cabin expanded into a 3/1.

 

When we started this short sale the property was being lived in and the values were about 

100,000 for this type of sale.

What Challenge as a short sale?

Client had a legitimate hardship.

But there was an Irs tax lien for about 10,000 which later got

pared down to $3000.

Our Short Sale Expert Cathy Meyers was on the phone for hours.

and Hours to get this through.

Serviced through Bank of America

But some offbeat investor-- no Hafa, no FHA, No Co-op

No Fanny Mae or Freddie Mac, No PIM insurance.

But an Offbeat Investor can trump all of that.

At one point we have people taking stuff off the Property

by the end of the process we had people dropping stuff on the Property.

It was a team work all the way.

 flooding issue, foundation issue, roof issue

At one time, when we lost one of our five offers. I can to the point a time and

say,"no more, that is enough time and enough effort and I don't care that I have

driven here a hundred times."  

My partner didn't give up.

 

Short sales not for the faint of heart.

 

 

 

 

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Thanks for Reading

 

Make a difference 

 

Val Rensink

HomeSource  Lamoreaux Residential Group

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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Val that duration to get that one closed if that was someone's only business would certainly put someone out of business. WOW.

Aug 11, 2012 05:38 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I have done so many short sales with hardships in our market.  You have done well.

Aug 11, 2012 05:38 AM
Sidney Kutchuk
Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745 - Temecula, CA
Property Management & Sales Experts 951-217-6745

Val,

I have just listed a Victorville short sale and I am looking for a Victorville agent to co-list it with.
Drop me a line if your interested. 

Aug 18, 2012 01:27 PM