This Time The Bank Was Great

In a sad situation the bank was great - I loved working with them, yes, a bank!  House Sold

Once upon a time there was a lovely property that showed beautifully, located in a highly desirable neighborhood and priced to sell.   Unfortunately it was during the down turn and the property was going to appraise for less than what was owed.  The Seller was upside down after building their dream home and the only option was a short sale or foreclosure.  Fortunately the lender was willing to work through a short sale process and presented the terms that they could accept for a sale.  This was almost unheard of at the time, as most banks would simply advise to bring them an offer...which left all parties in never-never land of wondering what would be accepted, when (if ever) they might have a response on their offer, and if an offer finally turned into an executed contract - if it would close before the foreclosure department foreclosed.  And yes, for those of you who have not worked through this process, some of the big banks have no control (or knowledge of) other departments within their company.  So you might have an executed short sale contract only to have it on the court house steps before it can close and fund.

At the end of the day all turned out as well as could be expected..the Seller had the very difficult task of moving out and leaving their dream home behind.  But it was a less painful process than it might have been as working with a smaller bank with a live contact that could be readily reached (yes, actually answered the phone) allowed the outcome to move in the best manner that it could given the circumstances.

 

 

 

www.LisaSellsTexas.com

 

Lisa Von Domek

 

Lisa Von Domek
BROKER/ASSOCIATE/REALTOR, 
ABR, AHWD, ALHS, ASP, BPOR, CAPS, CDPE, CGP,
CLHMS, CMS, CRS, CSP, e-PRO, GREEN, GRI, MRP, PS, QSC, SFR, SRES, TAHS, TRC
Lisa Von Domek & Associates, LLC / Real Living Real Estate Group 
Phone:      972-849-1300 
Email:        Lisa@LisaVon.com      
Website:   www.LisaVon.com

Multi-Million Dollar Consultant

Texas Licensed Real Estate Broker

 Accredited Buyers RepresentativeAccredited Staging ProfessionalAt Home With DiversityCertified Residential Specialist  Certified Aging-in-Place SpecialistGraduate Realtor Institute      Certified Distressed Property Expert  e-ProSenior Real Estate Specialist      GREEN Realtor             Military Relocation ProfessionalShort Sale and Foreclosure CertifiedTexas Affordable HousingTransnational Referral Certified       Institute for Luxury Marketing        Certified Luxury Home Marketing Specialist  ALHS  AR Top Contributor     Wounded Warrior Project

 

 

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Lisa

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Comment balloon 9 commentsLisa Von Domek • February 24 2018 10:13PM

Comments

Thank you for sharing this. 

 

Posted by Golden1 Agents 9 months ago

Morning Lisa.

WHAT!!!  A bank that actually answers the phone and works with a home owner, unheard of..  Good to hear it all turned out well 

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) 9 months ago

Good morning Lisa. In our wonderful world of technology, personal contact still solves more problems. Enjoy your day!

Posted by Wayne Martin, Real Estate Broker - Retired (Wayne M Martin) 9 months ago

Glad it worked out, Lisa. I have heard many a story where a large bank has approved a short sale process, all is in contract and another department with no idea about any of this puts the home into foreclosure just weeks before closing.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage | Charlotte, NC) 9 months ago

Good morning Lisa.  This is the way it should always happen.  

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) 9 months ago

Good morning Lisa. I was never able to close a short sale period. Congratulations.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) 9 months ago

Wow, that is a very rare statement to hear that the bank was great, it seems that the majority of banks are not great.

Posted by Brian England, MBA, GRI, REALTOR® Real Estate in East Valley AZ (Arizona Focus Realty) 9 months ago

Rare  but  true....a great thing when banks  cooperate  and  save  themselves  money !

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) 9 months ago

Happy to hear a positive report and positive ending for a situation such as this, Lisa Von Domek ...

Gene

Posted by Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience (NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656) 8 months ago

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