I just closed a short sale in 60 days. The bank was Wells Fargo with one loan. With a cooperating client, true hardship, one loan, in Equator, and V.A. as the investor, what was there not to like? The buyer was an all cash investor who wasn't going to walk away when the going got rough. Can you believe I got 18 offers the first day? That's how low our inventory is in Southern California.
This kind of short sale makes up for all the ones before that were nightmares. As agents, we will have bad transactions, but a dream transaction like this is what keeps us in the business. Most importantly it felt good to help someone get out of an awful situation that they did not create. I am truly not happy unless my clients are happy.
Like everyone, I am wondering what the new year will bring. I hear more short sales; I hear more bank owned releases. The shadow inventory? I have been hearing about this since 2009.
I hope every agent has the dream short sale transaction they deserve for hanging on in this market.