Michigan City Indiana Short Sale SOLD when listed by F.C.Tucker 1st Team Real Estate

By
Real Estate Broker/Owner with F.C.Tucker 1st Team Real Estate

 

 

Short Sale SOLD when listed by Safrin

Just Sold Michigan City Indiana Short Sale listed by F.C.Tucker 1st Team Real Estate

 

We were contacted by the seller of this expired short sale property in Michigan City, Indiana 46360 who read about us when doing a Google search,  plus a local NW Indiana attorney whom we had  worked with on short sale transactions in the past also recommended our services.

 

The home had been previously listed for several years by several different brokerages without selling.

 

Day 36 on the market the sellers accepted an offer subject to lender approval, like many short sales however,  the 1st buyers withdrew the offer due to time for lenders approval process of the short sale.

 

7 days after the 1st offer was withdrawn, a second offer was accepted. A couple months later this offer ended up being countered by the lender to a higher price = which they can do as short sales are not fire sales and the banks do have a bottom line. The buyer did not accept the banks counter.

 

The third offer (several months later) at List Price closed escrow in just 30 days after sellers acceptance as the paperwork and process for lender approval was previously set in motion.

 Total market time was 361 days - short sales are not  for everyone.

If we can be of service to you in selling your Northwest Indiana property - please give us a call @219-309-9930.

 

Click here to view a few past Blogs about our expereince with getting short sales done in NW Indiana.

Northwest Indiana Short Sales References for F.C.Tucker 1st Team Real Estate

Comments (2)

Bruce Walter
Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Grace and Jeff, you sure were able to produce the offers and must have lit a fire under the bank to get all that activity!!!  Congratulations on getting your Michigan City short sale closed in 30 days, Jeff and Grace.

The third time truly is a charm, and at list price no less!!!!

Feb 01, 2015 11:33 PM
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

Thanks for your comment Bruce - LOL I went back and edited the post after reading your comments to add that the total market time was 361 days - yes the 3rd time was a charm but the property was tied up for months with with the previous offers that for one reason or another did not go through! Nonetheless we are thankful all the time, repeated work and efforts, plus perseverance facilitated a successful closing.

Feb 01, 2015 11:42 PM