| Rob and Kelly really needed my help on their Long | | | | really move up and down with the economy. As |
| Beach Short Sale. They had bought their Wrigley area | | | | such, foreclosures and short sales in Long Beach are |
| home in 2005. At the time, Wrigley was considered | | | | fairly common in the current economic climate. Being |
| one of the up and coming areas of the city. Their | | | | one of those areas, Wrigley is no exception. Crime |
| home had three bedrooms and two baths. Although | | | | rates in the surrounding community have increased, |
| a little bit smaller than what they were originally | | | | and we presented a hardship letter that included |
| looking for, it was a good value for the market. With | | | | records of the police records that were available |
| three daughters, they figured once they outgrew the | | | | online. In the letter, we detailed the fears that Rob |
| house, they could move on to a larger one. What | | | | and Kelly had for the safety of their young family |
| they hadn't counted on was the market. By the time | | | | and their desire to move to a safer neighborhood. |
| the kids were starting to really complain about space, | | | | After about seventy-five days of processing, the |
| the couple was almost $200,000 upside down on | | | | short sale approval came in from both Wells Fargo |
| their mortgage. A short sale seemed like a great | | | | and Chase Home Finance. They closed escrow at |
| option, but their situation was hardly worthy of being | | | | the end of July 2010, received full settlement on |
| considered a "traditional hardship". | | | | both mortgages and shed almost $600,000 of debt! |
| Typically, hardship requirements for short sales are | | | | I am especially proud of this particular Long Beach |
| limited to job loss, medical incapacitation, divorce or | | | | Short Sale, not just because my team was able to |
| death of an immediate family member.Thank | | | | help this wonderful couple out of their difficult |
| goodness they didn't have to face any of these | | | | situation, but also because other realtors would tell |
| kinds of situations! Everybody was healthy, employed | | | | them they wouldn't qualify for a short sale. My team |
| and relatively thriving. That still didn't change the | | | | of certified professionals intimately understands the |
| situation that they now had two teenage girls sharing | | | | short sale process. While other real estate companies |
| a room, and the neighborhood that was once "up and | | | | farm their negotiation duties out to third parties, we |
| coming" now seemed to be more "down and going". | | | | have a full-time negotiation staff right in our office to |
| After hearing one of my radio commercials, Rob | | | | make sure that our clients get the benefit of our |
| contacted me to set up an appointment. We spoke | | | | knowledge, experience and diligence. If you're upside |
| at length about their situation. I informed them that, | | | | down on your mortgage, really need to sell your |
| although there was no financial hardship and | | | | home, make sure to get in touch with a short sale |
| negotiators would probably not take too much | | | | specialist. Your friend, brother-in-law or cousin that |
| sympathy on their elbow room issues, we could look | | | | just happens to have a real estate license will get |
| into trying to illustrate the changes in the | | | | over their hurt feelings a heckuva lot sooner than |
| neighborhood as a necessity for the move. | | | | your credit will recover from the foreclosure that |
| Being a large city, Long Beach has some areas that | | | | results from a failed short sale! |
