Everyone is tired of hearing about the pre-foreclosure and short sale problems, but this story is different- I promise.
I didn't realize right away it was going to be a pre-foreclosure. After taking the listing and speaking with the sellers more- I got it. It was too late to back out- I needed to figure out the best way to help them at this point.
Their story was familiar- builders made changes and their payments ended up being more than they could handle. Also, the husband was laid off, etc., I never did understand why they moved and were paying rent instead of trying to pay on their mortgage that was getting farther and farther behind every month.
I listed the home about $30,000 less than what they owed (2 different mortgages). I called to get any information from the bank. That was a waste of many, many days.
Within the first couple of months I had two separate buyers and diligently tried to do everything possible to make the deals work. I could not get anyone to help at the bank. I know they were inundated with these type of deals, however, I had two buyers and needed some information. Needless to say- I lost them both. They did not want to wait any longer and moved on.
The house is due to expire next month. I have just decided there was nothing else I could do at this point. The sellers had some bad news regarding a family member in another state, so a few weeks ago they were going to take care of this. I decided to leave them alone for awhile to handle the situation.
Almost relieved to be finished with this listing, I get a phone call the other day from an agent who wants to put in an offer. Great!! One last chance to maybe get something moving on this. I tell her to e-mail it over. I checked the offer over and it seemed fair enough. I thought the bank would probably decide this was it- since we were running out of time. Foreclosure is right around the corner.
I tried calling the sellers.....the number was out of service. I tried another number....out of service. You have to be kidding- did I dial the wrong number? Try again--- out of service. I can't believe it. I try to call the bank to cross check numbers and addresses. No luck!!
Did they just pack up and move??? What am I supposed to do now??
I was almost done with this listing.... it had to come alive just to jab at me one more time.... any suggestions???
Next month cannot come soon enough!