GREAT NEWS ! Know that every situation is different...but this wonderful blog shows everyone...there is LIFE ..HOPE...Everything is possible !
Hansons Both
Yes it’s true ... Short Sale Sellers Can Turn Into Short Sale Buyers Within Months!
This afternoon, I followed up on the progress of one of my Short Sellers ... post-short-sale.
We closed the first week of January 2010 ... slightly more than 2 months ago ... and already they have a few good things to report.
Did I say ‘good’? I meant to say ‘fantastic’.
He took the LSAT, came through with flying colors, and will soon be applying to law schools in the Orlando area.
She secured another job after being laid off for nearly a year.
Their FICO score got knocked down a little, but even so, they can qualify for an FHA loan. Now. Today. Right this minute. Less than 2 months after closing on the Short Sale.
They’re ready to buy again, and they intend to purchase a Short Sale with the goal of getting the same kind of deal the buyers of their former home got. They probably won’t get serious about buying for a few months yet, but I’ve already set them up to receive regular notifications of listings in the new neighborhood of their choice. They already know how a Short Sale works, so they’re prepared for the wait. Only this time, it will be from the other side of the transaction!
And they lived happily ever after ...
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JUDY CHAPMAN | “The Real Estate Agent Who Always Has Time for You”
LUXURY HOMES | SHORT SALES
Central Florida Real Estate
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© 2007-2010 www.activerain.com/blogs/OrlandoforSale by Judy Chapman ALL RIGHTS RESERVED. Portions of this content may be used with attribution.
Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS
That is great news...most of the short sellers I have worked with all go back to renting and are told they will have to most likely wait a couple years to get financing....
A lot depends Kristin on where there credit was BEFORE the short....a little ding here and there doesn't hurt a larger score as much as a little one....
Sally, that's great news! It's so nice to hear about a happy ending for one of the people who were hurt by our fractured economy.
Happy endings and new beginnings are just the best !