Short Sale Success: Morton St, Holliston
April 6th, 2010
The MAhome Team just completed a sale of 80 Morton Street in Holliston, which is one of those “dreaded” Short Sales!
I just spoke to the Sellers good friend and described it as “the easiest short sale transaction I have successfully sold.” I think he was shocked at that response to it since he was intimately involved, for the Seller is a co-worker friend.
The fact is that the bank responded to us in about 2 weeks! That is unheard of in this marketplace. I have another short sale that is on the 4th buyer and we have waited for 6 months for a response from the bank.
The Buyer is a great local family using the home as an investment. They got a great deal.
The Seller had some unfortunate scenerios come up in their life during a very tough marketplace. They got out, survived a difficult situation, and are moving on!
The only loser in this may have been the bank, but I guess it was better than the cost of a foreclosure. See – everyone is a winner.
Welcome to the Neighborhood, Grimes Family!
Ed Daniels of Remax Executive Realty is the new neighbor for the Grimes Family on Morton St in Holliston. Come by and say hi to the new neighbor and Ed (at 24 Morton St) anytime!
Categories: Featured Listings, Holliston
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Hi Ed,
Congratulations on the successful close of that short sale for the Grimes Family! I attended a lengthy meeting this morning about the new and improved HAFA program (Home Affordable Foreclosure Alternatives) rolled out this week. In in the banks are supposed to respond to a purchase offer on a short sale property within two weeks. Naturally there are lots of details but this program seems that it could be a great improvement over the current state of affairs! Glad things worked out for your client!