No One Buys a House or Gets Married Not Expecting Happily Ever After

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

It is never part of a life plan to get divorced when you get married...blissful looks into each other's eyes and the "till death do us part" OR the reality of ..."As long as you both shall love"vows are repeated.  Divorce is indeed...the death of a relationship. 

    Short Sales ...or the inability of a homeowner to sell their home for what it is owed...Or more likely at this time..the inability of a homeowner to pay the  mortgage for a variety of reasons.Unemployment is not at this time, runnning rampant...we have had Both spouses lose their jobs and be unable to pay the mortgage.  Feeding children, medical needs, paying utilities logically take precedence.

  debt  In divorce, it may well be that the primary earner now has two households to support. Moving out of the former marital property,  there is now another home and utilities to pay.  Beyond that, the court may have ordered payment of maintenance and/or child support which can be withheld from a payroll check and are certainly not paid on a discretionary basis.  Debt surpasses income.

    To anyone who dares shake a finger or click their tongue...know that "life happens" and these kinds of circumstances will always be a part of finger shakereal estate landscape.  The mortgage was affordable...perhaps even with one income...it is not with a lot of other living expenses that cannot be avoided. 

   SOoooo before you judge anyone else's character by what many work hard to be as temporary a financial condition as they can make it...know that a short sale is their best alternative to foreclosure.

     We have done short sales for Doctors, Dentists, Lawyers, Executives...and not having the scar of foreclosure or the lender having the option to collect the balance of the mortgage as opposed to having it forgiven ...no deficiency owed...is HUGE.  We have had mortgage debt on both residential and commerical properties of over a million dollars forgiven without deficiency charged. 

   If you or anyone you know...regardless of the amount owed...the earnings you may or may not now have.....before you slide down the slippery slope of foreclosure...Call the Hansons 414 525 0563....no matter where you in the country. If you are not in southeastern Wisconsin, we will find an agent qualified to help you.

   This has been a socially conscious and financially responsible post brought to you by Sally K. & David L. Hanson, Broker Associates with EXP Realty.

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Ambassador
3,889,551
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Sally and David we do not know what tomorrow may bring, even the Bible tells us that.

Mar 21, 2019 03:10 PM #1
Rainmaker
3,873,297
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good evening Sally K. & David L. Hanson,

What a good analogy and well written post. The unexpected can happen and you have to look at all the possibilities to rectify situations. Choosing the best option is not always easy.

Mar 21, 2019 04:30 PM #2
Rainmaker
3,983,819
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

WE don't plan on having bad things happen but they do and we need to have a plan just in case

Mar 21, 2019 04:56 PM #3
Rainmaker
3,037,838
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Sally.

Wouldn't you like to have a dollar bill for each time you and David have ran across that situation.  

Mar 22, 2019 01:27 AM #4
Rainmaker
1,491,779
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

There are all sorts of reasons people may wind up in a short-sale situation. You're the ones to call in SE Wisconsin!

Mar 22, 2019 03:59 AM #5
Rainmaker
3,253,018
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Well Sally and David, you two know that short sales can happen for a variety of reasons, and you are the Realtors to call to help anyone who finds themselves in this type of situation!

Mar 22, 2019 04:31 AM #6
Rainmaker
3,741,800
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Sally and David. Really good points and post. Just get on with it and you can and do help.

Mar 22, 2019 04:51 AM #7
Rainmaker
3,276,633
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Isn't that the truth, Sally? I'm speaking with a prospective buyer right now who is going through a divorce and lots of interesting things happening in the background.

Mar 22, 2019 05:22 AM #8
Rainmaker
1,528,544
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Sally and David, you are short sale pros and make excellent points. None of us knows what the future holds and it's not always happily ever after. 

Mar 22, 2019 07:03 AM #9
Rainmaker
5,577,221
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing your experience with troubled home owners who need to sell.  Many families face unexpected challenges that often lead to hardships.

Mar 22, 2019 07:34 AM #10
Rainmaker
2,029,308
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Sally and David - regardless of all the planning life happens.  HVing you as a trusted advisor during those time will surely help 

Mar 22, 2019 09:36 AM #11
Rainmaker
2,704,887
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You are right about that, it is very rare that someone enters into something with anything less than the best of intentions.

Mar 22, 2019 12:29 PM #12
Rainmaker
3,281,913
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Sally and David,  You are the short sales pro, I past on them or refer them out to another agent that loves doing them.

 

Mar 23, 2019 09:39 AM #13
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
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