IDEAS FOR SELLERS WHO ARE UPSIDE DOWN WITH THEIR MORTGAGE

By
Real Estate Agent with Homesmart International

IDEAS FOR SELLERS WHO ARE UPSIDE DOWN WITH THEIR MORTGAGE just may be the most beneficial, educational, and STRESS RELIEVEING ARTICLE you will read all year!  Let me set the stage for you so you will read this article. Something that will make this interesting to read specifically if you or someone you know is UPSIDE DOWN WITH THEIR MORTGAGE.

I have been there..... Did that get your attention? Let's word it a different way, because I don't want you to pass up reading this article if you or someone you know ARE UPSIDE DOWN WITH THEIR MORTGAGE. In 2008 after over 25 years as a real estate agent and selling 20 to 30 homes EVERY YEAR... The water faucet was turned off... It stopped... To make things worse, I was unable to think clearly, I was depressed, I worried. I wondered.I sold the largest, nicestest, newest home I have ever owned. AND THERE IS LIFE AFTER DEATH!!!!!!!!!

Possibly you are in the same position except DIFFERENT. You were employed and had an income for years, and your employment has ended, or you have had to take on a different type of work, and your income is half of what it used to be. If you are in this position or something similiar to it, STOP.................THINK................ Remember this statement? DOING THE SAME THING OVER AND OVER AND EXPECTING A DIFFERENT RESULTS is a sign of insanity or something like that.

Think about this.............Look back on your life and remember and realize and understand........ you have had setbacks and maybe even several of them, such as loss of job, divorce, health issues, loss of a close family member by death. However YOU HAVE HAD MORE POSITIVE EVENTS IN YOUR LIFE THAN YOU HAVE NEGATIVE ONES. If you are behind on your mortgage or as many say UPSIDE DOWN ON YOUR MORTGAGE, this may be one of those times and here are IDEAS FOR SELLERS WHO ARE UPSIDE DOWN WITH THEIR MORTGAGE.

I put my home on the market almost four years ago, after three weeks and no offers, a Realtor from my office called me and said: "How are you? I have not seen you at the office meeting lately?" He had about two years in the business to my 27 years and I knew he was not as productive in his first two years as I had been because: I LOVE THIS BUSINESS, I AM PASSIONATE, I AM a "TYPE A", I have been out at 2:00AM driving the freeway in Columbus Ohio as a Realtor working to get a counter to the counter to the counter offer signed and SELL ANOTHER HOME.

Fortunately God enlightened me some how, and I told this agent I wanted him to list my home and sell it. I cancelled the listing and had him do that within 48 hours.  DON'T PROCRASTINATE!!!!!!!!! DO IT NOW!!!!!! Remember someone once said: THINGS COME TO THOSE WHO WAIT BUT ONLY THE THINGS LEFT BY THOSE WHO HUSTLE.

First he told me the price was too high and that we needed a $35,000 PRICE REDUCTION. I remembered how I had worked in the past 27 years representing sellers, and I took his advice. We got an offer for about $10,000 below the list price and it sold within 30 days and 30 days later we became a tenant again for the first time in over 29 years.

Now the rainbow to this story, SIX MONTHS AGO WE PURCHASED ANOTHER HOME!!!!!!!!!!

It was not fun living in an apartment and listening to people walk on the ceiling for three years. The KEY however to a SUCCESSFUL REAL ESTATE SHORT SALE TRANSACTION is getting a knowledgable, successful, aggressive, productive, honest, real estate agent to represent you who has the patience to work with banks on short sales. This my friend is the IDEA FOR SELLERS WHO ARE UPSIDE DOWN IN THEIR MORTGAGE

Realize not just any real estate agent can succeed in listing, marketing, and negotiating a short sale. YOU MUST INTERVIEW AND BE SURE YOU HAVE THE BEST AGENT

I hope your day is as good as mine,

The Pumpkin Man

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ideas for sellers who are upside down in their mortgage

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Rainmaker
138,648
Faith LaRosse
Realtor(R)
Springer Realty Group

Dan, this was a very heartwarming, motivational and inspiring post!  Thanks for posting!

March 03, 2012 05:51 AM
Rainmaker
692,982
Chuck Carstensen
Minnesota Real Estate Expert
RE/MAX Results

I think it helps when you explain your story to others looking at the same or a similiar situation.

March 03, 2012 05:55 AM
Rainmaker
557,244
Lindsey Hasford
Coldwell Banker Vision

And, yet, there are those that are upside down and  really don't qualify for a short sale. What of those?

March 03, 2012 06:14 AM
Ambassador
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Harry F. D'Elia
Investor , Mentor, CSSN, Radio Coach, REOs, ABR
Precision Real Estate Inc.

Many people are thinking about doing a short sale. I would encourage to meet a real estate attorney and tax attorney.

March 03, 2012 06:55 AM
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Rainmaker
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Dan Dee McGinnis

The Pumpkin Man
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