carmichael short sale
Whose problem is it when a Chase FHA short sale takes more than a year to close escrow? I get so many calls from home buyers wondering why is that Carmichael short sale still for sale month after month, and I feel like telling them to go look in the mirror. Yet, this home I only sold 3 times, so that’s about right, on average it works out to about 4 months for each buyer. I am one of the few agents in Sacramento who will handle a short sale, which is why I have sold more short sales than anybody over the past 10 years.
The reason I am writing this blog is so I can email it to buyer’s agents who call me with the question: What’s going on with that Carmichael short sale? Because it’s too convoluted and crazy to talk about otherwise. Yup, I also wanna see what happened in black-and-white myself because I can’t quite believe it myself. The good news is this home is now available to buy as a short sale in Carmichael, soon as as we get the cancellation from the buyers.
Our first set of buyers for this Carmichael short sale were just “practice” buyers. Not really willing to wait out the short sale process for an FHA short sale, which is like the horror of all horrible short sales, even though they promised. Next. My team and I fought and escalated and argued and got the trustee’s sale postponed. New buyers entered the picture, investors, represented by their agent mom. Submitted offer, which clearly stated mom represented the buyers. Many lenders allow that relationship.
An affordable pocket of homes in Carmichael for sale can be found just north of Madison near Manzanita. It’s maybe a mile and a half from the freeway, so close enough for commuting but far away enough to have no freeway noise, which is unusual in itself for Sacramento. It can be difficult to buy a home that is located far away from the rumble of cars tearing down the freeway.
I present to you a short sale among the homes in Carmichael for sale. We also do not have very many Sacramento short sales on the market anymore, not like the old days of 2011, before the market hit rock bottom. We have 1,869 residential homes for sale in Sacramento County and only 52 are short sales.
A short sale home in Carmichael closed escrow this week that might not have closed at all if it had fallen into the paws of some other Sacramento short sale agent. But fortunately, the seller called me. It was kind of like a story that could be printed in a national magazine. Remember those magazine articles from Ladies Home Journal: Can this marriage be saved?To be honest, I wouldn’t read the story, you know, I’d just say NO and throw the magazine back on the table in the doctor’s waiting room. Well, this is a version of what I call: Can this short sale be saved?