Successful short sales

By
Real Estate Agent with New Home Team 804-573-9592 VA#0225195155

Selling a home - short salescott fogleman

Having been divorced, I understand how emotions can get in the way when a couple is separating. I also understand the importance to be a neutral party and not to take sides or disclose information to either party except what is pertinent to the house. I try to keep the divorcing couples focus on selling the home and what is best for them since they hired me to sell their home.

One day I got a call from a woman to possibly list a house for sale. We set an appointment, and I met her at the home. When I started asking questions, I found out it was a divorce situation. The couple had been married for a few years and had a small child. Their relationship wasn’t working and she wanted a divorce. After getting a preview and discussing options, I realized this was going to be a short sale. Sadly, the home was not worth the amount the couple owed.

A few days later, I came back to the house to present my marketing plan and to discuss options. This time both parties were there as they both had to agree on who to list and both have to sign the agreement. The male client resided in the home. He was a bit distraught. He didn’t want a divorce and he was bothered he didn’t get to see his son. After some time we got to talking, got to know each other better. He was a Volunteer Firefighter who felt slighted by his wife and wanted more time with his kids.

Under my advice, the couple had already started compiling the documents they needed to get approved for a short sale. We sent them to the bank early to get a preapproved price for the short sale. Over time the firefighter and I got to know each other better, which made it easier when we got an offer for their home. After following the banks process we successfully got an approval for the short sale and the bank even gave him money to move out of the house. This happened in a relatively short period of time. Being a firefighter, he had to live relatively close to the firehouse and didn’t have a home to moving into. I was able to secure him a rental property that more than fit his needs.

Both parties have moved on with their lives and have found happiness.

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Scott Fogleman


Real Estae In Richmond

New Home Team

Lynchburg Luxury Homes

804-573-9592

scott@scottfogleman.com

New Home Team

For new Homes or homes new to you!

 

Keller WilliamsRichmond, Lynchburg, Roanoke VA

Scott Fogleman is a Realtor serving Richmond VA, Lynchburg, VA, Roanoke,VA, and Smith Mountain Lake, VA. He is licensed in the state of Virginia.

Keller Williams

 

 

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Rainmaker
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Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Divorce and short sales are often a "marriage" we see  and have seen almost 200 times....the happily ever afters make it all worth it with a fresh start !

Jan 18, 2016 10:03 PM #1
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