It’s perhaps the best joke in the industry: “When’s the last time you had an ‘easy’ short sale?” Unfortunately, the real life consequences and people involved with failed short sale transactions are not laughing. One such distressing situation arose with a couple of retired elderly homeowners in Long Island.
When the homeowners decided to move out of state, they left their house vacant hoping for a quick sale. Once the home stood on the market for a while, they began falling behind on paying their mortgage and decided to do a short sale. Of course, as can become a familiar theme, squatters beat legitimate buyers to the property.
After Eitan got involved in the case, the homeowners put complete trust in him and granted him authority to make critical decisions on the best route to proceed. Eitan quickly involved the police and the squatters were evicted immediately (before they attained any rights). Shortly after, the realtor was able to begin looking for buyers to sell the home.
With 4 liens on the property by various credit card and collection agencies, clearing title was perhaps the most challenging aspect of this deal (even more than the two mortgage liens). Eitan was handling the case very well by negotiating with the bank, the lien holders and the agents to make sure the home got to closing. Eitan kept in excellent contact and made sure to always update everyone who was involved. He did an excellent job in helping close this difficult case! Highly recommended!
With 4 liens on the property by various credit card and collection agencies, clearing title was perhaps the most challenging aspect of this deal (even more than the two mortgage liens). Eitan was handling the case very well by negotiating with the bank, the lien holders and the agents to make sure the home got to closing. Eitan kept in excellent contact and made sure to always update everyone who was involved. He did an excellent job in helping close this difficult case! Highly recommended!
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