Decision Making Can Be A Painful Process....

By
Real Estate Agent with Keller Williams 414-525-0563

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    Decision making can be a painful process. Sometimes it feels that the biggest and hardest decisions must be  made at a time when we have the least amount of strength to make them.   When we are emotionally involved with an individual and have their health care power of attorney….it sometimes feel like no matter what the decision, the question is who are we deciding for….for our comfort or the comfort of the person who may be suffering and will never recover to regain the quality of life that they had enjoyed before the threatening health care situation. To say it is difficult...unless you have "been there/done that" it is something beyond comprehension.

   For short sale sellers, there can be agonizing decisions complicated by each unique seller(s)’ situation…the health, the unemployment, the death or divorce.  The hardship that has put them in the situation makes the decision to do a short sale less than automatic….less than simple and always complex.  Foreclosure is never the best choice....

  What we are learning is that the rules are always changing. Lenders are sometimes not forgiving all of a HELOC and requiring sellers to work with them for a portion of it to be re-paid.  The pain of disappointment is evident when a short sale looked as though it was a complete and total forgiveness of all house related indebtedness,….a chance to start over. 

From our perspective, you STILL have that chance….if the alternatives are bankruptcy or foreclosure, examine them carefully.   We know that there are less than objective sources who will immediately encourage bankruptcy….never mind how many  years it will be before the sellers can buy another home..that getting a car loan will be  challenge…that charging holiday presents on non-existent credit cards will make the holidays a lot less cheerful for years to come.  The short term fix may not be the very best answer….soothing the momentary pain may just be a tourniquet that will continue to bleed financially for years to come.  Consult legal counsel, a qualified short sale realtor, and take the time to make the decision that is best one for the long term…for the better life you deserve.

 

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS

Sally K. & David L. Hanson  

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Rainmaker
1,266,572
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

I am always so relieved when Sacramento short sale sellers take my advice and consult with a lawyer and an accountant before hiring me to sell their short sale. It makes the process so much easier and removes much of the uncertainty and headache for the seller. But so few actually do that.

Hey, I gotta ask, though, in your last blog (since you disabled comments), who the heck are those people raised by wolves? I haven't encountered much of that kind of behavior.

http://shortsaleagentsacramento.com

Jun 15, 2009 10:01 AM #1
Rainmaker
543,329
Toula Rosebrock
Diane Turton, Realtors, Forked River, NJ - Lacey Township, NJ
Broker/Sales Associate, Realtor, Lacey Township,

ToulaRosebrock,com

Hi Sally & David:

With short sales, I always recommend sellers to speak with their attorney or accountants first. 

Nice post...

Jun 17, 2009 07:04 AM #2
Rainmaker
1,491,631
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Short Sale - CDPE, REDS

  Our sellers are msot often referrals from attorneys and have been there/done that...If not, that is their first stop ! Thanks for the comment !

Jun 17, 2009 08:17 AM #3
Rainmaker
1,397,290
Maureen McCabe
HER Realtors - Columbus, OH
Columbus Ohio Real Estate

..this really is interesting stuff!  I am intrigued and am so glad you shared this!  Thanks!

Jun 19, 2009 10:52 AM #4
Rainmaker
1,491,631
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Short Sale - CDPE, REDS

It is soo hard for people and compassion makes this an emotional test....and I think tears are therapeutic for the realtors as well....this business keeps the paper mills busy...the kleenex people too !

Jun 19, 2009 12:21 PM #5
Anonymous
Anonymous

Last year I researched bankruptcies in order to try to help a friend and his wife. Ultimately, I played bankruptcy paperwork preparer and filed bankruptcy papers for he and his wife. Three months later their bankruptcy was discharged (making me think that I should start a new profession -- LOL). The next day, they started receiving dozens of offers for new credit cards, car loans, and even a house loan. Go figure.

Jun 20, 2009 03:53 AM #6
Rainmaker
1,491,631
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Short Sale - CDPE, REDS

Makes you wonder....wonder what kind of interest rates those offers carry....and yet another career path for you too !

Jun 20, 2009 05:25 AM #7
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Short Sale - CDPE, REDS
For All Things Wisconsin Real Estate...Call the Hansons
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