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Our Short Sale happy ending

We have put an offer on this house in January 31, 2011 that has been on the market since August 2010.  At that time, we were told that it's been pre-approved for a short sale by the lender.  We were still warned by our agent about the length of time to close on a short sale and being first time home buyers (with a limited time frame as our apartment lease ends by end of April), we really had no idea what we were getting ourselves into.  On March 7, 2011 our offer was approved by the lender, we offered at asking price and we did not receive any counteroffer.  We asked for a 30 day closing and on April 8 - we got the keys to our new home! I don't think it would've been possible if not for all the hardwork of the people involved - the seller's agent (most especially), our agent and lawyer.  We've been told that our particular case was quite rare so I just wanted to share this story.  I just hope that all short sales (or all transactions for that matter) were as smooth sailing as ours.
  • April 13 2011 - Sayreville
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Answers (11)

What a great read for a change! Congratulation on your successful closing. Kudos to your team of experts, including your agent, for smooth sailing in this rocky times of short sale negotiations.

May I ask what lender you were dealing with? It's always nice to know who is closing short sales the way they all should.

Enjoy your new home.
  • April 13 2011
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Congratulations on your new home! It sounds like everything worked well right down to your quick close before your lease expired. Thanks for sharing the great news. :)
  • April 13 2011
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Thank you for sharing your success! It will help others in your position see the light @ the end of the tunnel in their short sale process. Congrats!

  • April 13 2011
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Great news, I will share it with my buyers. Congratulation on your new home.
  • April 13 2011
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Congratulations on your new home!  Your story should give hope to other short sale buyers..
  • April 13 2011
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As a listing agent that handles many short sales, I wish many other agents would also learn the process of expediting short sales for sellers.  PLEASE AGENTS WHO LIST POTENTIAL SHORT SALES AND LEARN FROM THIS STORY AND OBTAIN YOUR CDPE Designation so that you also can learn how to get approvals in a timely manner with banks when representing your sellers.  IF YOU DON'T WANT TO CONTINUE YOUR EDUCATION AND BECOME AN EXPERT ON SHORT SALES, PLEASE LET THE PROFESSIONALS DO SO.  MORE IMPORTANTLY, STOP SAYING THAT YOU ARE AN EXPERT IN SHORT SALES.

Congrats maroongirl and glad that the purchase went very smooth for you and your family.
  • April 13 2011
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That is such great news! I think they should change the name to "Eternity Sales"

Congratulations! This gives everyone hope!



  • April 13 2011
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It's nice to hear the good news. Congratulations!
  • April 13 2011
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Thanks everyone, I hope in some way this story gives hope to others we are going through what we've been through! Christine, actually there were 2 mortgages, both with Wells Fargo. I don't know if this helped the whole process and made it a bit less complicated? Thanks again everyone!
  • April 15 2011
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*who are going through ( sorry -typo error!)
  • April 15 2011
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That's great to hear maroongirl. The "big" banks have not had the best track record so it's nice to hear this one went so well. I'm working one with Bank of America right now. It's been slow, but it's moving along. Sounds like you had a good team working on your behalf and that's a good share of the battle.

Enjoy your new home.
  • April 15 2011
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