La Quinta California Real Estate

They auctioned the house - Short Sale Story

Bank of America let this client livein the house and not make payments for almost 2 years. They rejected a loan modification and told the client to do a short sale. I got an offer higher than any home has sold there for many years. The short sale has been in process for about a month and an extension to delay the sale was in process. I get a call from an investor who is on the court house steps waiting to bid on the home. He was nice enough to call me back and let me know it was sold to a different investor.

The seller is livid. He was so mad at the bank, at me, at the world as his house was auctioned. I am exhasuted by his calls and ranting. I do feel bad for him, but after having the home for nearly 2 years with no payments, I do not really look at him like a victim.

Just another sad ending to a short sale story.

 LORI BOWERS

http://www.desertareahousingmarket.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78065 Main St., Suite 107

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)777-8788 • Fax: (760)771-5355

5 commentsThe Lori Bowers Group • July 07 2011 03:05PM

Perfect Listing Appointment Today

Here was the perfect listing appointment. The house had been on the market for almost 4 years. The owners were friends of the agent. They had listed with another agent for 4 years and the home did not sell.

Today we did the listing appointment and explained to them about short sales and how it would be of benefit to them to short sale the home over foreclosure. After a 10  minute presentation, they said, "what do we sign?"

We got the listing signed and the financial documentation. Now we are on our way to get an offer followed by bank approval.

I was so happy to get a short sale listing on this house as now we can get the price right and it will sell.

 LORI BOWERS

http://www.desertareahousingmarket.com

The Lori Bowers Group

A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs

La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.

78065 Main St., Suite 107

Old Town La Quinta

La Quinta, CA 92253

Phone: (760)777-8788 • Fax: (760)771-5355

1 commentThe Lori Bowers Group • February 11 2011 04:26PM