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Short Sales are "Gone" .....Aren't they ?

    Would that this was true...that not one more time we would have to take folders full of information, explain the process and how it may happen...that renting was the in the foreseeable future for years to come. How DOES it happen ? 

Upside down houseYou think to yourself...the economy is better...in Wisconsin we are seeing new companies coming here bringing literally thousands of new jobs (We are pleased to be your Realtor/Ambassador to the Badger state.)  Are people just "living beyond their means" ?  No....Not in our experience...short sales are not entirely gone ....though less(there was a time we had 36 at once each with 2 liens.)    

            If it is not unemployment, under employment...or careless spending...what IS the reason ????     Times have empty walletchanged and with that has been a change in expectations of home buyers....we can only speak for the conditions of our market but have heard it elsewhere as well.  In our divorce niche...."The Cleavers" spent money on their children's education...medical expenses that were unexpected, very necessary home repairs...i.e. furnaces. That house that they bought years ago has been maintained...but the expectations of the buyers are different. They aren't looking for "just maintained"...they are expecting and getting upgrades...where are the quartz counters, updated baths, and upgraded appliances ?   The necessitydollars went to tuition, child care for working parents, repairs on home and cars....the money was not spent foolishly....it just was not spent on the attractive upgrades that Buyers have come to expect in various price ranges but reflect the "necessity of values" of the homeowners. 

    Now the once "happily ever after Cleavers" become the not so happily couple and divorce.....and what was good enough for them...and fit their lifestyle and their needs...does not match the "wants" of the market".  Yes, they did pay their mortgage on time....they may have some other debt...and there is nothing left to spruce the nest and makedivorce split house it comparable inside and out to the homes that are selling for the price that they wish they could get it.    Misplaced priorities ?  No we think not....an unfortunate chapter in life...and we are here to help anyone in that situation...due to divorce, death or some other hardship. 

      This has been a professional service post brought to you courtesy of Sally K. & David L. Hanson, Broker Associates with Keller Williams in southeastern Wisconsin.

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Comment balloon 19 commentsSally K. & David L. Hanson • July 27 2017 11:12AM
Short Sales are "Gone"… Aren't they
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Would that this was true… that not one more time we would have to take folders full of information, explain the process and how it may happen… that renting was the in the foreseeable future for years to come. How DOES it happen You think to… more
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"The House was Priced for Condition" claimed the Listing…
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Wisconsin is a very "Pro-Consumer" kind of state with protections written in many areas of the law defending the rights of Badger state residents. As a part of the home selling process, Sellers are required to complete a "Real… more
Germantown Wi Ranch Sold with the Hansons
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Listings to Leads - eFlyers Germantown, WI Home SOLD JUST SOLD View the Property Details, Photos, Map & School information here! W204N1137 Hilltop Drive Germantown, WI 53022-2860 Bedrooms: 3 | Bathrooms… more
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We furnish both buyers and sellers of our short sale listings with information… in the case of Sellers… a whole folder that has everything from the forms that they will need to complete to the steps involved in the process of a short sale. … more
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Listings to Leads - eFlyers Hartland, WI Home SOLD by the Hansons! JUST SOLD View the Property Details, Photos, Map & School information here! 619 Belshire Drive Hartland, WI 53029-1801 Bedrooms: 3 |… more
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Milwaukee, the city of Festivals in Southeastern Wisconsin once again comes alive with ethnic tradition of Italian Style with Festa Italiana celebrated at Henry Maier Park on the shores of Lake Michigan July 21- 23. The hours of the weekend… more
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Who Gets the Approval Letter for A Short Sale?
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Our answer to this question may well not be the same one you get from other agents… our legal advisors for the short sale portion of our practice… smaller portion… but a portion none the less… is… "as few people as possible. " .. more
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If your ear has been tuned to music for the past five decades in Wisconsin you HAVE to have heard the Kids From Wisconsin , this traveling show of talented youth ages 15-20. It is non profit organization that derives funding from a variety… more
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How Long Will it Take to Pay Off Credit Card Debt
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As agents who work in both the niches of short sales and divorce, we are very often keenly and confidentially aware of the credit card debt that has been accumulated. To compound the TOTAL of the debt… the couple may not always have a… more
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For everyone who is celebrating Father's Day with their Dad… enjoy every minute. If you can't be with him physically and get to make that phone call… cherish that opportunity. For those of us who no longer have our Fathers on this earthly… more