here is the scoop
the girl refinanced through countrywide in Sept 2005, for 280k
she made 1 payment.
She tried to sell the house ( she was a realtor). no joy.
I spoke to her and said she was asking way too much for the house, she replied that she just wants enough to pay off lender.
She rented it out and the pretty much wrecked the place.
I put in an offer of 200k with comps etc and repairs… the usual.
the BPO came back at 250K and the call from Countrywide was we want 245k or we will foreclose.
Meanwhile I had the FSBO signs out. trying to get 265k but no joy.
Now she had animals, 6 goats, 6 chickens and a turkey, and when the storms were here last year the barn got flooded and they brought the animals into the screened porch area.
The animals done their business etc… no need to elaborate there.
I wasn’t sure what to do. But my coach took over. ( Please this is not an advert, I am basically telling you what happened and quite frankly I would not have known what to do here or have the _alls to do it.
He got an inspector to look at hte house and gave him reports of salmonella for the chickens and B. melitensis for the goats.
These are two deseases that can be fatal to humans.
he also built a new 40 page shortsale package included new comps and a sex offenders list, which were .2 mile away from the property.
Also (this is the kicker ) he said in his letter, inlight of these new challenges the buyer has reduced his offer to 174,200.
Well Countrywide flipped. they sent out 2 more BPO’s and once i spoke to them we got them to come in closer to our numbers.
Countrywide came back with 185k. My coach said yes as long as they pay an additional 800 dollars for closing costs.
they accepted.
Pretty Cool eh.
TG