Relocate to Wisconsin : "I can't let my kids see a FOR SALE sign," sobbed the Short Sale Seller

"I can't let my kids see a FOR SALE sign," sobbed the Short Sale Seller

  While short sales are not the huge part of the market that they once were...they are here....and to some degree....they will always be here.  There will always be someone who has lost a job, a spouse who died unexpectedly, an illness that cripples, a divorce that lessens income...or some coupside down housembination of hardships which makes paying the mortgage an impossibility.  Food, medication. transportation to a job or to look for one take priority over the payment of the mortgage...more often than not...more than one mortgage.

        The stories are very real...the documentation very authentic....the heartbreak unimaginable. No one gets married to get divorced or buys a house to lose it in a short sale...life throws some curves and everyone has to do what they need to do to survive and start over on their next happily ever after journey.

    Sooooo many times the communication about finances....married or divorcing is less than open...He/She didn't know that he/she stopped paying the mortgage....the credit  cards are maxed out....the utilities have not been paid. The trust evaporated from the relationship a long time ago and the results can be devastating.

    Children are often the victims of broken relationships,  being made to feel as if they have to "choose a parent"...change schools...move away from friends and test their abilities to "bounce back" from an unfortunate situation.

 woman crying     Short sale Sellers need to have someone remain in the home. If divorce is the hardship, we well understand that a For Sale sign is not "child friendly." If it is possible, it may well be easier to have the custodial parent move to a different place to minimize the further disruption in the children's lives. If that cannot be the case, know that we will make every effort we can to group showings...set them at times convenient for you Mr/Ms Seller.

         Listening...sometimes that is what is most called for in a short sale...Sellers need to vent their frustration...and there is no one else to absorb the hurt and anger...and Realtors can choose to be that soft place to fall..the pillow of comfort that is so much a part of what is needed before the healing can begin from the breach of trust, lack of support, feeling of despair.

       If you or anyone you know is unable to pay their mortgage for reason of 

hardship....Call the Hansons...if you are not living in southeastern Wisconsin, know that we will find you a Realtor sensitive to your needs at this difficult time. 

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


home worth iconemail iconhome searchLinked In  facebook

Comment balloon 33 commentsSally K. & David L. Hanson • July 11 2016 07:37AM

Comments

This is such an unfortunate sign of our times.  It so sad to think the banks and wall street got bailed out and Americans not only left with the bill, but also many left to lose their homes - where was their bail out? Makes me so angry!

Thanks for sharing Sally K. & David L. Hanson 

Posted by Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582 (Counts Real Estate Group, Inc.) over 1 year ago

I am working on a short sale now and I absolutely HATE them! Lucky for me each time I've had a short sale it was becasue the seller moved on and the homes were vacant.

Posted by Bob "RealMan" Timm, Bob Timm, Broker Associate, Alliance Real Estate (Alliance Real Estate - Minot) over 1 year ago

Hi Sally and David -- very real and very sad.  Your thoughtful approach to this business shows compassion does make a difference.

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) over 1 year ago

Sally K. & David L. Hanson I think we all personally know someone who has gone through this (or gone through it ourselves). Your compassion is laudable. No one likes these situations, but real estate professionals have to step up and provide the needed service. It is good to see someone with this mindset filling that need. 

Posted by Cody Carmen, Market Analysis--Educational Content, Adhi Schools (Adhi Schools, LLC) over 1 year ago

Sally and David- you and David have so much compassion for others.  I can see why your client would choose you.  For some, short sales may be formulaic, just another transaction but to those going through it, it's their whole life. 

Posted by Kathy Streib, Home Stager - Palm Beach County,FL -561-914-6224 (Room Service Home Staging) over 1 year ago

I love your blog today, i am still getting these types of calls and always so thank full when i can help them out of their bad situation Sally K. & David L. Hanson .. 

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) over 1 year ago

Good evening Sally and David. Unfortunately, they will always be part of the landscape. Just not so thick! Enjoy your evening! 

Posted by Wayne Martin, Real Estate Broker (Wayne M Martin) over 1 year ago

Sally and David you did an excellent job of painting the picture of hardship that goes on in a divorce combined with a Short Sale situation.  This is not something I would want anyone to go through.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 1 year ago

I can understand the emotional upheaval in a short sale situation.  Loosing a home is never fun.

Posted by Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate) over 1 year ago

Indeed very sad, most people live from one pay check to the other hence your point is very valid it can happen to anyone for many reasons....Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 1 year ago

Hi Sally and David... fortunately, I had to deal with only a handful of these over the years... always so sad to show a short sale home that you can see has been lovingly cared for by the owners.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (RE/MAX Executive | Charlotte, NC) over 1 year ago

Your clients are lucky to be working with you. It is noteasy  sellinga  home  when  the couple are getting a divorce. 

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 1 year ago

Another well thought out and written description of many of the short sale situations.

Thank you for posting this.

Posted by Thomas McCombs (Century 21 HomeStar) over 1 year ago

You speak so well to your public, Sally K. & David L. Hanson.  Your words are simple but you don't talk down to the reader.  Well done.

Posted by Carol Wilson (Your $imple Home) over 1 year ago

Sally K. & David L. Hanson - oh yes, short sales agents need to have 'heart', empathy.

It's all together a different ball game - not a simple straight forward listing!

Posted by Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners) over 1 year ago

Your compassion must be a Godsend to many. I congratulate you for not developing a "hard shell." 

Posted by Marte Cliff, your real estate writer (Marte Cliff Copywriting) over 1 year ago

There is no question that when someone is going through a hardship they need a shoulder to lean on and someone who will be a good listener with a compassionate heart ... and if I were in that situation I would be calling on Sally K. & David L. Hanson in Southeastern Wisconsin.

Posted by Diana Dahlberg, Real Estate in Kenosha, WI since 1994 262-308-3563 (1 MONTH REALTY) over 1 year ago

Advise them to fight to the tree's.  The laughably vile servicer has less than zero standing and I can promise you the name on the deed matters, no matter what they say.

 

Make it a Great Day.

Posted by Scott Thompson, Commerical Finance - Blue Springs, MO (Columbia Mortgage Plus) over 1 year ago

Unfortunately, the time to take action is when it appears that the homeowner might be heading into a challenge, regardless of the circumstances. Seeking professional help, especially if real estate is part of the equation, is the first line of defense, so, consulting with a Realtor or financial adviser should be contemplated immediately.

All too often, homeowners fail to secure professional advice immediately and when they finally do, the challenge has escalated to a point of no viable options to a solution. Unfortunately, when you fail to plan, you plan to fail. 

While compassion is a virtue, homeowners are seeking the best or immediate solution to their real estate challenges from someone that has the knowledge, resources, and experience depending on their circumstances or situation to implement the most suitable solution. Great post.

Posted by Kimo Jarrett, Pro Lifestyle Solutions (WikiWiki Realty) over 1 year ago

When short sales and foreclosures dominated our market I handled numerous short sales.  The stories I heard from so many homeowners needing to short sale were heart breaking!  We don't have very many short sales now that our market recovered significantly.

Posted by Terry McCarley, REALTOR, SRES, CDPE - Cape Coral, FL (REMAX Realty Team - Cape Coral FL) over 1 year ago

When I attended auctions, all I could think about was the poor guy who lost the home and what became of him, the family etc. Making money from anothers fall? Leaves me uncomfortable and similar to a state of mourning...God help us

Posted by Richie Alan Naggar, agent & author (people first...then business Ran Right Realty ) over 1 year ago

Sometimes the best you can do is get up from the seller's dining room table and hug her while she cries. It's generally a woman who cries. But I've had a few men get all teary eyed, too. I place my hand on their arm, look into their eyes and assure the guys it will be all right. I give them hope. That's what they want and need. Hope. Lots of people can't handle short sales, you're a blessing, Sally and David.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) over 1 year ago

So many unfortunate reasons for short sales. We must not judge, we must be compassionate. We as realtors were told of this when we were in our first class, well I was.

Posted by Theresa Akin (CORPUS CHRISTI REALTY GROUP) over 1 year ago

So very sad when this happens.  You are doing a great service, representing those that can't pay their mortgage and must short sell.   I've handled several short sale listings and understand completely.  

Posted by Jan Green, HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN (Value Added Service, 602-620-2699) over 1 year ago

I hate the hardship that sellers go through in a Short Sale. I too have had parents that did not want the sign because of the kids, or family and friends, would know they were selling. I am glad this market has almost dried up in my area and most sellers are counting their equity. But I do run across short sales now and again. It always pulls at my heart. In most cases this is a great chance for them to clear the air and completely start over. That is the mind set I try to comfort the seller with. Sometimes it works and is very true, and sometimes espicially with retirees it is not a working scenario. 

Posted by Connie Martin over 1 year ago

Of all the types of sales I have encountered, short sales require the most empathy, understanding and patience!

Posted by Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC, ... a small office, delivering big service! (Waters Realty of Brevard, LLC) over 1 year ago

Well written post. A sign in the yard for a short sale can be sad for the family.

Additionally, in this improving market when prices are rising, short sales are in danger of not getting bank approval as short sale prices are sometimes much lower than the higher priced recently sold comps. The bank sees the high comps, asks the buyer for more than agreed upon price between buyer and seller and the short sale transaction terminates.  

Again, I see an increasingly tough time ahead for short sales, especially if home has deferred maintenance. Seller can't contribute money to get it through lending process, especially with the more stringent lending rules, more appraiser conditions to close escrow than in years past. 

My heart goes out to all involved, real estate professionals included.

Posted by Barbara Le Pine, Your agent for the Central Oregon Coast! (Advantage Real Estate, serving Lincoln County) over 1 year ago

Short sales are just terribly sad.

Posted by Lyn Sims, Schaumburg IL Area Real Estate (RE/MAX Suburban) over 1 year ago

Short sales can be a very sad time, and sellers seeking guidance could certainly use an empathetic professional to help them through tough times.

Posted by John Meussner, #MortgageMadeEasy Walnut Creek, CA 484-680-4852 (Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA,) over 1 year ago

I feel for anyone who winds up in this situation. Having to sell a house you love can be very difficult. Kudos to you for your compassiona.

Posted by Kat Palmiotti, The House Kat (Grand Lux Realty, 914-419-0270, kat@thehousekat.com) over 1 year ago

Good morning Sally K. & David L. Hanson ,

Congratulations on a well deserved feature post! Your compassion shines through and can see why you are the experts to call!!

Posted by Dorie Dillard, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker United Realtors® ~ 512.346.1799) over 1 year ago

You can run but you can't hide!!!

Listening...sometimes that is what is most called for in a short sale...Sellers need to vent their frustration...and there is no one else to absorb the hurt and anger...and Realtors can choose to be that soft place to fall..

Posted by Sham Reddy, CRS (H E R Realty, Dayton, OH) over 1 year ago

Sally and David, for about two years, 90% of my business were short sales, luckily, those days are over but as you said, there will always be short sales. Doing a short sale is not easy for homeowners, working with a Realtor who understands and who's sensitive to their situation makes a huge difference. 

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) over 1 year ago

Participate