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Menifee Short Sales that Sold +$10K in Relocation Assistance

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Real Estate Agent with eXp Realty 01780829

Menifee 92584 Short Sales that Sold + $10K in Relocation Assistance

 

There is no better news to deliver to a distressed homeowner that not only did we get their short sale approved but we also got the seller $10K in relocation assistance.

 

This one was a real tough one. There was a first and a second lienholder. The first was with a Servicer called SPS and the second was a HELOC that had been turned over to a collection agency. The home was a manufactured home that had such bad deferred maintenance that the roof was coming down, floors caving in, termite infestation. a delapidated deck and the home smelled of mold everywhere. My first concern was how in the heck and I am ever going to find a buyer for this and another concern was how am I going to get the collection agency to agree to a short sale? 

 

We were also told by the first that the seller did not qualify for any relocation assistance......This was a big nut to crack!

Much negotiation back and forth, sending letters and photos to the bank of the condition and fortitude not only got us an approval from both the first and the 2nd lienholder but through persistence and not taking no for an answer got this 80 something year old client money in the bank. This was by far one of the toughest  short sale closings yet...and Lord knows, I've done a ton of them! 

Happy Sellers...no foreclosure on their record and money in the bank! Happy Bank....they weren't stuck with a property that needed tons of work to sell.....! and ofcourse Happy Agent! ....delivering the news of a $10K pay day to the client! I am posting these pictures to show that anything is possible! 

 

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