Short Sale Success In Palm Beach County Florida! We closed another short sale and you can get yours closed to.
It takes a lot of tenacity and digging your heals in to make it all the way to a clear to close with short sales at times.
We just closed on this Short Sale- Moorings Waterfront Condo. It was a beautiful Condo on the Florida Intracoastal that was purchased right before the bubble burst for over $450,000. We just closed on this condo in the Moorings for $225,000. The Moorings is located in Lantana Florida on the water with fantastic views of the intracoastal and a marina right next door. There are boat slips right at the condo also.
The short sale lender was HSBC. The intake department leaves much to be desired and their phone system is very inadequate. There are too many numbers and they get switched around. When you get India, you just hang up and place your call again.
We received the run around for over a month in spite the fact that we had a cash offer on this unit and the buyers were ready to close right away. Of course the sellers wanted to get closed right away too. Once we have tried to use the normal channels to no avail Nestor begins the climb of the chain of command and continues that climb until we find someone who cares enough to listen.
Our sellers were having some serious financial issues with many of their properties being sold short. In this particular instance one of the owners was a senior citizen who did not have email and did not live in the area. He was still working and now his credit was shot.
Nestor finally found someone who would help us, we got our negotiator assigned who then after the BPO came in low, wanted the sellers to execute a promissory note for a lot of the loss. We are sitting here thinking, did you not read their financial statements to see that they are worse off than insolvent?
Nestor kept negotiating on this issue about the promissory note and after a while of back and forth, they decided that they would give the clear to close without conditions on the short. So we were able to negotiate the promissory note out of the deal. Wells fargo owned the note and HSBC was the servicer. Wells Fargo is very much into getting promissory notes from homeowners for deficiencies.
Not only that but right after the closing the sellers received a letter from HSBC apologizing to them for the poor treatment they had received. The upper management and the public relations departments of HSBC went the extra mile making phone calls and writing letters to us and the sellers. I was quite impressed that they would take the time to do that and it goes to show that some lenders do care about their reputation and public relations.
If you or someone you know needs to sell your home as a short sale- contact us to get the short sale process started. We are short sale experts and negotiate in your behalf to get the best possible outcome for your personal situation. Don't wait until it is too late. Start being proactive now to avoid foreclosure.
Click here to learn more about what a short sale is and if it is an option for you, Short-Sales-Florida.com
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Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida and Port St Lucie Florida. We are accepting referrals.
Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Wellington Florida Luxury Homes For Sale Click here and then click on Search For Homes We know Palm Beach County and St Lucie Country; we will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.
Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.
P.S. If you are listing your home as a short sale in Palm Beach County Florida and Port St Lucie Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more about Palm Beach County Short Sales and Port St Lucie Short Sales.
Copyright © 2008 By Katerina Gasset, All Rights Reserved.* Short Sale Success in Palm Beach County Florida! We Closed Another Short Sale! *
Nestor Gasset and Katerina Gasset- Realtors®, CIPS, ABR, SFR, GRI, REOS
