Short Sale Story (Cont… #5)

Client X: “I got a very reassuring email from my attorney a couple weeks ago. He received a phone call from my mortgage company letting me know that they had received all of the documentation necessary to start the paperwork on their end. Apparently the representative with the mortgage company mentioned that everything seemed like it was in good order and, unless there were any unforeseen circumstances, they would be able to move forward with the short sale. One of the best things about having an attorney is that they have to take all of the phone calls, receive all of the letters and get all of the email because I’m “represented by counsel”. No more harassing phone calls!

I understand that nothing is guaranteed until the paperwork is signed and the “For Sale” sign comes down, I’m extremely pleased to know that at least things are progressing smoothly. I was really hoping to have everything taken care of and have the house sold before the end of the year but I understand that these things take time. The saying that a short sale should be called a long sale seems to be very true. All in all though, I suppose things could be worse. The offer we accepted was more than our listing price. Although my lawyer speak is bad on a good day, my Realtor has suggested that the terms of the sale are the best out of the offers that were presented to us.

It’s still difficult for me to admit that I’m losing my house, despite the fact that the technical term is selling the house. At this point, I’m just trying to be patient and move on to another property in a few years. Until then, I will be lying low and paying off other bills to put myself in the best possible situation for the next time I move.”