I bought my first short sale!!!!!! It funds today!!!!!!!

By
Real Estate Agent with John L. Scott Sp34627
Hi except for the snow the day went smooth and the house on 1408 Dearborn St, Caldwell, Idaho has closed.  It took 2.5 months since I put the first offer in and 100's of hours of work.  I found the bank somewhat frustrating to deal with but if you keep calling things can be arranged.  I had help from 2 mentors one was Your Success Solutions and the other was Carl Williams (in Boise).   I also received a lot of assistance from my loan officer Dona Jeka and my Title officer Diana Stork  Without these mentors I would have stopped when I found out about the extra judgments on the property.  I didn't originally want to buy the property but the price was right and I protected a lot of people by purchasing it.  Now we need to rebab the has a bit so people say WOW!!!.  Paint, carpet and elbow grease should do the trick.  I hope to get it back on the market by March 1.   Any one who wants a cool house in Caldwell it is $165K now and probably $175K when we get the work done.  Check out more listings at www.debbieholmes.net
Posted by

 Debbie Holmes

John L. Scott Real Estate

  

(208)761-2551 Email: d5holmes@msn.com

To search Boise Homes visit my website

 

Comments (3)

Robert Huntsinger
Empire Realty - Upland, CA
Empire Realty Upland, CA - Full Service at a Discount

Cool beans Debbie!

Good luck with the rehab and sale, as an investor myself I am always interested in what others are doing, what do you expect to net from this project?

Take care!

RJH

Jan 30, 2008 12:01 AM
Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!
I hope that we net about $25K.  I am going in with the guy who had the second and we are splitting the second.  In a better market I could net more but I might have been able to sell the house.
Jan 30, 2008 12:40 AM
Debbie Holmes
John L. Scott - Boise, ID
Gets the job done!
We are ready to Show today and have an open house.
Feb 17, 2008 02:21 AM

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