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The "Impersonal" Short-Sale

By
Real Estate Broker/Owner with Morningstar Properties BK668047

I was lucky enough to be "brought on board" this past Summer by a professional short-sale company. I was made their Treasure Coast Realtor-to handle all the leads that they received inquiring about short-sales, in a certain geographical area.  There were many on-line training sessions to be listened to regarding "how to proceed and capture the short-sale lead". Much of the information taught has been useful, but I have found that the "idea" they try to teach..that you'll be "in and out"-meaning..list the property,get the property sold, and in the middle "Don't get too personally involved".. is a grand idea, in theory, but does not happen that way.

If anything..the short-sale clients need much more compassion,attention, and reassurance. Instead of the happy,excited sellers that are the norm in a "regular" listing..these families are "mourning" a loss. The loss of their dream of a home with all the things that go along with it.  When you go to look at their home for your first sit-down appointment, it doesn't help to mention how beautiful their home is,or how much work it looks like they've done..it only rubs salt in the wound, and reminds them of what they have to leave behind.

There is no way to keep from getting too personal, when you ask them to write a Hardship letter to the bank, and they want you to read it first to let them know it is ok. I can't share with you the heart-wrenching stories I've read, but each is more touching than the one before.

It makes me very thankful to be one of the lucky ones..I'm able to go to bed at night in a safe,warm ,beautiful bed, and not worry about where I and my family might be living in a month or two.

It has forced me to see the other side of the coin,on a daily basis..up close and personal. The eyes I look into, are the eyes of all of us. Our mothers,dads, sisters and brothers.  Not at all "Impersonal!"

 

 

Posted by

Linda George, Real Estate Broker/Owner & Realtor, GRI, CDPE

MORNINGSTAR PROPERTIES 

Fort Pierce, Florida on the Treasure Coast

772-205-5982 or 772-801-5554

 

 

Comments(6)

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Pat Tasker
Shorewest Realtors - Germantown, WI
Your Milwaukee Metro Area Agent (WI)

You hear about them on the news every night these days.....foreclosures, short sales.....it really doesn't hit you how hard the situation is, until you ARE sitting at the kitchen table with a family it that is their situation!  I thought about them all through the holidays, how hard it must be, how they don't have money for gifts, how can they be happy for Christmas, when they have this on their plate?  I am hoping things turn around soon....

Jan 10, 2009 02:38 PM
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

Yes, it's heartbreaking to know about families who have no other recourse but to sell their home at a tremendous loss to them. At that point, the only thing we can do to help them is to get it done quickly to spare them the embarrassment of being foreclosed.

Hearing these sob stories serve to reinforce that indeed, we are fortunate we still have a roof over our heads and then some. I can share some sob stories too, but I doubt there is one you haven't heard before.

Good luck to you....

Jan 10, 2009 02:39 PM
Angelia Garcia
Pure Realtors - Dallas, TX

So people are so heartless, makes you wonder how their parents were.  How can they expect you not to have any emotions?

Jan 10, 2009 02:40 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Linda- One of the ways we have worked to mitigage the emotions is to list our short sales over the phone and email. I do all my intake evaluations over the phone, about 3 to 4 a week. Then I send them the short sale package and listing agreement via email. Most of our short sales we have not ever even met the sellers. OF course here in this area, most of the sellers are absentee owners. Katerina

Jan 10, 2009 02:40 PM
Linda George, Real Estate Broker/Owner
Morningstar Properties - Fort Pierce, FL
St Lucie County FL Real Estate,Waterfront, Acreage

Pat, I thought of the families in these situations at Xmas too.How do they explain to the kids why Santa didn't visit? The children certainly didn't do anything wrong.

Pacita,thank you for the good wishes, and the comments. Good luck to you, also.

Jan 10, 2009 02:48 PM
Linda George, Real Estate Broker/Owner
Morningstar Properties - Fort Pierce, FL
St Lucie County FL Real Estate,Waterfront, Acreage

Hi Katerina and Nestor..How's Palm Beach county treating you?  i have a big fondness in my heart for Palm Beach after moving from their this past Summer. Thank you for your reponses. Yes, I do a good amount of my listings via. email also, when they are absentee sellers. But, in the last month, I've had several  owners that are still living in the home until the "bitter end." In that case I have to go see the home with them still in it! If I could avoid it,I would.

Jan 10, 2009 02:56 PM