Success Story #1
The seller had tried selling his side-
The property did not get any offers and realistically...no
one could get financing for this property as the property was priced too high to
appraise for financing. The seller called us, we listed the property at a price just
below the market price and got an offer the very first week it was on the market.
The buyer was an investor and the seller was able to sign a lease and did not have
to move. "Joe" is one of our biggest referral sources and is pleased he could remain
in the home he could not afford to pay for and maintain.
We sold a couple a lovely house a few years ago. They bought the house "at the top
of the market" when homes were more expensive. It was their dream home and they loved
it. They both had good paying jobs and had just re-
Mr. Seller lost his job and was diagnosed with
cancer and then suddenly Mrs. Seller lost her job too. There was nothing they could
do that would enable them to keep the house. They now had a home equity line of over
$100,000 besides their mortgage and could not pay either one. Their unemployment
checks were being delayed due to the high volume of people submitting claims.
They could not do a loan modification with insufficient income to pay the modified
rate, and the debt now exceeded the market value of their dream home. There was no
other option but to short sale the home. We advised them as to de-
Success Story #3
Sam and Linda got divorced within a year of buying their new home. Sam lost his job and his new job did not pay as well as the old one. Linda's hours were cut to part time and she had moved to her own small apartment with a roommate to share the expenses. They could not afford the mortgage and home equity loan they had gotten to do the deck and landscaping. We got two offers over the asking price within a short period of time and both of the sellers were able to begin separate lives. Within 2 years, if they maintain good credit and their job situations continue to improve, they will be able to buy other homes.
Success Story #4
Susan's father died unexpectedly and left her the house which he had mortgaged heavily with both a first and second mortgage (a HELOC, which means Home Equity Line of Credit). While most people would think an inheritance was a good thing; in this case it was not. We listed the house as a short sale and quickly got an offer that closed within 60 days so Susan was not left with the burden of the property, the payment, nor the upkeep of landscaping and could finally put her father's estate to rest.
Success Story #5
Sara's husband was killed in a car accident leaving her as the sole supporter for their 3 small children. The job she had was not enough to support the children and the mortgage. We listed the house and within a few short months Sara and her children were living in an apartment they could afford and no longer had the burden of bills that surpassed her diminished income.
Success Story #6
Tom's small business met with financial problems and his wife's income was not enough to meet the mortgage payments. Their son had just started school and they loved their home and did not want to move. We were able to arrange a loan modification AT NO CHARGE to them and the payments that were once too high were now affordable and they were able to stay in their home. It is important to note that there is no charge for this service if this is an option. DO NOT pay anyone to do a loan modification for you. This activity may be illegal and contrary to what some of those companies tell you, the money is not refundable. DO NOT PAY TO DO A LOAN MODIFICATION.