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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Congratulations on your successful short sale. Know it took alot of work but the ending for the seller made it worthwhile!
Congratulations on the success of closing another short sale in Castor Gardens! It is always great to hear stories like this because we all know how stressful this can be on the owners! Great job Somers Team!
Congratulations on completing your short sale! The work is hard on listing agents and their sellers, but the results are so rewarding.
Good for you... and your client(s)! In an age where this particular situation is increasingly known, it's nice to hear you are masters of the craft. Seems to me to be a Win-Win for everybody!
The drama is always there when it comes to short sales. . congratulations!
Dick and Dixie - Successful endings make it worthwhile : )
Terrie - Thanks ! It is these situations that reinforce and provide that positive energy to move forward. One more short sale is one less foreclosure !
Teresa - Very rewarding indeed ! Avoiding that one more foreclosure is also great for the community !
Jason - Thanks ! A definite "win-win" for everybody for sure !
Fernando - You got that right ! The drama is definitely there as a lot of time is put into something with no guarantee of a closing ! Is a great feeling to get through it : )
Good work..i know that takes a lot of patience..and hard work
HELPFULHANNAH
Congrats and great story! Your skill and persistence in spite of a non-cooperative tenant made it happen! John