When we saw the real estate market taking a tumble in other parts of the country....we knew it would at some time, make an unwelcome visit to southeastern Wisconsin. Agents were leaving the business and if Chicken Little could be found...you might have head the sky was falling...as home prices took a severe dive. As Real Estate agents...you wanted to put your finger in the dike...you wanted it to stop...and for what seemed like forever, it would not.
We went to classes in three states and worked with an attorney in Wisconsin developing our own methods of working our way to successfully closing the dozens of short sales that streamed into our practice.
There were many sad stories....and we are thrilled that years later, we have been able to help these same, once underwater Sellers become homeowners once again ....getting back to living the American Dream and a fresh start. In one case, a newly single Mom of three girls had become a widow. The girls had a dog that had been their comfort during this difficult time...he was HUGE...bigger than they were then....and he slept with them, cuddled and comforted them. He was their security blanket.
Their Mom knew that finding a place to rent with a dog that size would be very difficult....and so it becoame a daily ritual..."Sally, I know you can fiind a way for me to buy a house." If EVER I wanted a miracle...this was the time. The government would not allow any govenment backed mortgage for years...not iminute after closing on a short sale. The daily calls and pleading continued....and the sleepless nights ensued...I am sure at their house as well as ours.
Finally I spoke with the head of mortgage lending at a local credit union...and tugged at her heart strings and urged her to talk to this really very credt worthy Mom who just needed a smaller house....and immediately after closing on a short sale of a much larger one. Becoming a widow very unexpectedly had made it unaffordable. After what seemed like forever....a preapproval was issued....we went house shopping and found just the right house at the right price with a big back yard that the both the kids and the dog were going to love.
We closed on the short sale in the morning and the new house in the afternoon....not even I believed it was happening....tears all around...and the happily ever after that this family deserved was finally reality,
This is a post honoring Short Sale Sellers who not only survived their tragedy but found the strength to once again thrive and grab that great second chance they so richly deserve. With respect, Sally K. & David L. Hanson, Broker Associates with Keller Williams honored to serve southeastern Wisconsin for all things real estate.