Today I got a message from a short sale client of mine. She wants to cancel the purchase agreement on her home and cancel the listing. Normally that kind of a message wouldn't be good news, but this time it is hard not to find some joy in the message.
You see, when we started the short sale process she was in default on her mortgage and unemployed. She was discouraged at her inability to find a job and depressed about losing her home. To make a long story short, she found a job and is one of the fortunate few who gets approved for a modification at terms they can live with. She gets to keep her house! How in the world can I not be happy for that?
I am not looking forward to breaking the news to the buyers' agent in the morning, but the good news is that these buyers have only been waiting for a couple weeks rather than several months. I only wish there were more happy endings like this one that involve sellers being able to keep their homes.
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