Not even a shoot out could stop this Wells Fargo short sale!

Not even a shoot out could stop this Wells Fargo short sale!

Short sales are almost never smooth sailing – but this one came with more than its fair share of "disturbances".

Before calling me, my client had been listed with a Realtor with no real short sale experience – which had resulted in nothing but the Manchester, CT home sitting on the market as 6 months passed with zero progress. Now facing foreclosure,  my clients situation had become time sensitive. We listed the house with a price improvement, and not long after a cash buyer was secured.

Then the unthinkable happened. As the buyers were at the home, a hostage situation broke out…the neighbor decided to hold his family hostage and my listing quickly became a crime scene. Police broke into my clients vacant home and used it to position their snipers. A stand off with the neighbor and police followed, resulting in the man being gunned down by police...The buyer was caught hiding behind his car to avoid gunfire.

The buyer walked soon after.

Back on market with another price correction, a new buyer - one who was not bothered by the events that had taken place at the home, was secured. However -Wells Fargo refused to accept that the hostage  situation had had an impact on the value of the property. Sheesh.  Weeks passed as we attempted to dispute the value of the property with the lender.

Eventually Wells Fargo saw the light and revised their value, giving us an approvable short sale. Several more weeks passed as we negotiated cash and note demands with the mortgage insurance company, until finally  the stars aligned, and almost a year after my sellers plight to sell her house began - this Wells Fargo short sale closed.

Never a boring day in the life of CT short sale agent!