Short Sale Subject To Bankruptcy Court Approval SOLD - Schererville, IN 46375 Home listed by F.C.Tucker 1st Team Real Estate

By
Real Estate Broker/Owner with F.C.Tucker 1st Team Real Estate

Northwest Indiana Short Sales subject to Bankruptcy Court Approval Listed by F.C.Tucker 1st Team Real Estate are Closing!There are multiple factors that can prolong a short sale transaction.

 

Recently we closed on a property in NW Indiana that was subject to lenders approval of a short sale(Schererville,IN 46375)  AND also subject to Bankruptcy court approval of the sale of the property.

 

To date, this is our longest short sale ever = 3 months and 13 days from accepted offer to closing.

Lender approval time was double what Indiana law HB 1359 allows (requires an answer in 30 days).

Seems that laws passed to help expedite short sales have little or no effect on the lenders and that they take even longer nowadays than before in the approval process!

Perseverence on the part of the listing agent and patience on the part of the buyers, cooperation on the part of the sellers are some of the key ingredients to make a short sale close.

If we can help you sell your NWI property - give us a call @ 219-405-1232.

Click here to see over a dozen other short sales closed recently in Northwest Indiana's Lake County, Porter County and La Porte County when listed by F.C. Tucker 1st Team Real Estate.

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Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more.

 F.C.Tucker Indiana's largest Real Estate Company Sincerely,

Jeff & Grace Safrin,  Broker / Owners                              Sign Up For Our Real Estate Newsletter

F.C.Tucker 1st Team Real Estate

13 Lincolnway Suite # 203 

Valparaiso, IN 46383         

Office # 219-309-9930

serving Lake, Porter, La Porte, Jasper, Newton & Starke Counties in NW Indiana

 Independently Owned & Operated

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Show All Comments
Rainmaker
652,546
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes

May you get qualified buyers and get a quick sale and fast closing. All the best.

Nov 27, 2010 05:59 PM #1
Rainmaker
433,603
Jeff & Heather Rickert
Keller Williams Real Estate - Harleysville, PA
Harleysville Realtor ; RSPS

Thanks for the post.

Good luck in your area. 

I hope you had a good Turkey day.

Nov 27, 2010 06:24 PM #2
Rainmaker
457,077
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

We Did Benjamin - we did!

You too Jeff & Heather , you too!

thanks to ya'll for taking time to comment

sincerely,

grace

Nov 28, 2010 03:59 PM #3
Ambassador
1,464,685
Karen Kruschka
RE/MAX Real Estate Connections - Manassas, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Grace  Congratulations on another successful transaction in Schererville.  You are the Lake County experts

Dec 03, 2010 05:49 AM #4
Rainmaker
457,077
Jeff&Grace Safrin
F.C.Tucker 1st Team Real Estate - Valparaiso, IN
SpousesSellingHousesTM

Thanks Karen - appreciate you taking time to stop by and comment.

sincerely,

grace

Dec 04, 2010 02:47 PM #5
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Rainmaker
457,077

Jeff&Grace Safrin

SpousesSellingHousesTM
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