Philadelphia Short Sales: Another Successful Short Sale in Castor Gardens !
A seller called me as she was in a bind regarding a property she owned in Castor Gardens. It used to be her primary residence but she ended up renting it out. Based on what she owed on the property, it was clear that she would either have to show up at settlement with money or do a short sale. In meeting with her, there was a definite case of hardship that warranted to go the short sale route.
It was a tough deal in dealing with the dramas of the tenant. And tougher dealing with the bank. Not in terms of negotiation but the length of time it took to get the final decision. It was also tough dealing with the buyer as he got impatient many times along the way. It is understandable... that is the nature of short sales !!!
The good news is that Sovereign bank finally came around and approved the short sale. The buyer was thrilled that he could finally close on the property and our seller was so happy that we got her out of the situation. It is what makes our job worthwhile when there is so much appreciation in the end. For this seller, we also sold 2 more of her properties to allow her family to move to North Carolina to basically start fresh. I am very happy for them. Look for a testimonial from them soon on our website "The Somers Team" !
This continues our streak that every Philadelphia Short Sale listing that we have taken on has made it to settlement !
Philadelphia Short Sales do work !!! You just have to plan ahead and have the right Realtors involved from the beginning !
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If interested in buying or selling properties in Castor Gardens or Mayfair, contact Chris and Stephanie Somers at thesomersteam@yahoo.com or 215-400-2612 . You can connect with us on Facebook and Twitter . For investment properties, check out our new investor site at Philly Investor Hub and ask us about Philadelphia Foreclosures and Short Sales .
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