Mike Rigley Certified Default Advocate,
Distressed Property Expert and your short sale specialist here thank you for
joining us. Today let’s talk about our longest Chase / Freddie
Mac Short Sale
Those who have been
following our blog for a while know we are the never say die folks. If one
negotiator says no we escalate and escalate and escalate until we either get
the file approved or we know we have exhausted EVERY single option available to
us to save that homeowner from foreclosure. Well we just closed our longest
short sale ever - 607 days from the time we listed the property to the time we
closed escrow – 607 days – that’s 20 months! CRAZY.
Over the past 20 months
we have talked about this file many times. It had a $300,000 Chase first
and a $30,000 Chase HELOC second with a $20,000 UCC-1 Lien
too boot. We went through 2 or 3 buyers, had no less than six foreclosure sale
dates postponed and have escalated the file so many times we had it on speed
dial.
When we finally we able
to resolve the $20,000 UCC-1 lien and get the seller $3000 in relocation
assistance the deal nearly fell apart at the 11th hour over $279.86. You heard
me right, 20 months of blood sweat and tears nearly down the drain over less
than $300. You know there was NO WAY I was going to let that happened. After
numerous calls to the buyer’s agent and my seller we were finally able to
resolve the less than $300 issue and close escrow on the day our approval
letter expired and a mere two days before the property was scheduled to be sold
on the court house steps. Talk about a nail biter. In the end we persevered
where many would have given up and saved this homeowner from foreclosure. All’s well that ends well but this
one was not without its trials and tribulations.
Is a West Sacramento Short Sale Right for Me?
To get a better idea of when
your West Sacramento home will be worth what you owe, log
in to www.shortsaleandloanmod.info for a free
estimate or call me today for a free no obligation consultation or for the
latest West Sacramento short sale information. Call me
today and sleep better tonight; you’ll be glad you did
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