Georgia Realtor Coaching Student Success | Realtor Shortsale Coaching and Training | Agent Short Sale Secrets
Dear Tim & Julie,
Wanted to share a story with you about one of our short sale listing clients. This client is a single mother with a special needs child. She had been trying to sell her home with 2 or 3 other agents for over 478 days. From our ad she saw on CraigsList.com about short sales, she contacted us. After meeting, we listed the home and got straight to work aggressively marketing her home. Within 30 days, we received an offer that quickly fell through as a result of the first-time buyer’s due diligence and “inspection” concerns. Back on the market and numerous showings later, we quickly had another offer that we submitted to the loan servicer with our detailed short sale package as trained by HREU.
Almost sixty days later, we discovered that the loan servicer had quietly turned over the file to a foreclosure attorney who had started the filing and advertising process (despite being led to believe that the loan servicer was actively reviewing/considering our proposal). Needless to say, everyone involved was surprised and disappointed even though communication with the loss mitigator had been challenging (at best). Nonetheless, I finally got an email explanation back from the loss mitigator stating that they were not going to entertain our short sale proposal because the home was vacant and FHA guidelines required an ?owner-occupied home? to approve a short sale. By this point, the auction date was due to occur in less than two weeks and the seller wasn?t too fond on the idea of moving back into her home.
You have consistently taught and encouraged your coaching students to think outside the box, don’t give up, and know that it’s not over until it’s over. Well, such advice worked to our client’s advantage as well as our benefit. We continued to market the property and managed to receive another, BETTER all-cash offer that could close quickly and allow the seller to break-even. I am delighted to report to you that we were able to close on the day before Thanksgiving (less than a week from foreclosure) and even netted the Seller a few dollars at closing.
It wasn’t easy, it may not have been perfect nor completely by the textbook, but we got the home SOLD for our client, saving her from foreclosure and serious credit damage, thanks to the right mind-set, confidence, and perseverance gained largely from your coaching program. Thank you, Tim, Julie and the rest of the HREU staff for all you do. Wishing you all a Merry Christmas and Bright New Year! Ted & Vicki Shoop
TED & VICKI SHOOP - Realtors & Short Sale Experts
The Shoop Realty Team
Keller Williams Realty Atlanta Partners
Office: 678-775-2657
Web site: http://MyGeorgiaHomes.com
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Dear Tim & Julie.
I have been reading your coaching and success stories and what really caught my eye was the 100 year mortgages. Why don’t we just go to straight simple interest and save everyone a ton of money and have our work ethics and attitudes shift. I also think that President Obama or his cabinet may be plotting the big deception on all of us. Look, the housing is upside down, the unemployment rate is nearing 10%, businesses are shutting their doors for lack of financing and customers, is government control next? The ingredients are here. How long will we continue to allow this administration to under mind our efforts to be free of governmental control (socialism, anarchy, dictator). We are free and will fight for it.