Archive for the ‘as is’ Category

After several years of experience in Listing and Selling Properties in Northwest Indiana Subject To Lenders Approval of Short Sale, Jeff Safrin, Real Estate Broker/Owner of F.C.Tucker 1st Team Real Estate completed the National Association Of REALTORS requirements for the SFR - Short Sales and Foreclosure Resource Certification Designation.

Every Short Sale is not the same - There are many possible scenario’s that can occur during the complex process of short sale approval (lender’s filing of foreclosure proceedings, bankruptcy court proceedings etc..).

1st hand experience in working through these difficult situations are not taught in the basics of NAR’s class, but in the “school of hard knocks” called life experiences.

Our best  resource for helping you decide whether you choose us to represent you in the sale of your property which may be subject to your lenders approval of a short sale is the recommendation of our past clients or  attorneys who have worked with us during this specific type of real estate transaction.

References available upon request.

Just in time for Super Bowl Weekend we received this email from a past client today (a New Orleans Saints Fan)  in which we (Indianapolis Colts fans) successfully Listed & Sold their Northwest Indiana Home subject to their lenders approval of a short sale….

I guess we can agree to disagree on some things GO Colts!!!

HI Grace / Jeff,

Don’t have a scanner here, so just put my testimonial below.  Hope that works ok for you.  You may use my name if you wish.

Have a great weekend and

“GO Saints” !!!!!  

Lynn

I had my house listed with a large well known real estate agent for 6 months. The house didn’t sell and it sat empty costing me a fortune with each passing month, paying for mortgage, utilities, insurance etc. I came across Jeff and Grace Safrin’s name on a website. I talked with Jeff and decided on a short sale, based on the information I had obtained from my mortgage company. The house was listed on a Monday and by Saturday of the same week we were signing papers. A Couple of weeks later, we closed on the sale.

Jeff is extremely knowledgeable in real estate, selling, short sales and handling and dealing with all aspects of this business. He worked quickly and efficiently to get the sale closed, with liens, and several other road blocks. Jeff and his wife are very friendly and personable and a pleasure to work with. The Safrin’s know their business and I would recommend them to ANYONE looking to buy or sell a home.

Hasty and Sweeping Generalizations about Short Sales are illogical.

We are Listing and Selling them in reasonable time frames.

With cash deals, some Short sales are closing even quicker than regular listed properties!

Just depends on the lender, cooperation of the seller, qualification of the buyer, and on the experience, knowledge and tenacity of the REALTORS handling the transaction:)

Below are several Homes For Sale in Northwest Indiana that are subject to lenders approval of a Short Sale.

To read More about Short Sales Check out these previous BLOGS about our experiences in getting them done and then give us a call.

Short Sales are Not a Game.

Some Short Sales in Northwest Indiana Real Estate Are Getting Done Quicker & Easier !
Indiana HomeOwner’s facing Short Sale – A New Law that may help!

Short Sale tips that Helped us.

Porter County, Indiana -Valparaiso, IN 46383 Home For Sale – Offer Subject to Lenders Approval of a Short Sale

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La Porte, Indiana – LaPorte, IN 46350 Home For Sale – Offer Subject to Lenders Approval of a Short Sale

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Starke County, Indiana - Bass Lake Area Home For Sale – Offer Subject To Lenders Approval of a Short Sale

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Knox, Indiana 46534 – Fixer Upper Home for Sale – Offer Subject to Lenders Approval of a Short Sale.

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Earlier this week, Jeff got a call to do another Broker Price Opinion on a deserted Home Facing Foreclosure in Northwest Indiana.

It’s sad to note, that some of these properties have been neglected for a long time, with water damage and mold growing as a result.

Surprising that people wait so long and finally abandon their homes. I often wonder when looking at the damages shown by photos…. if the homeowner tried calling a Real Estate Broker experienced in negotiating short sales early in the game….before it’s too late….or even talked to the lender about loan modification programs to get a lower interest rate before their 1, 3, or 5 year ARM (adjustable rate mortgage) came due?

The bright spot in the trip came when he stopped along the way back home and took this picture of a Swan carefully guarding her NEST….there is no doubt she would fuss and fight if anyone threatened to take it away.

An old Proverb came to mind when I saw this photo :

Proverbs 27:8
⁸Like a bird that wanders from her nest,
So is a man who wanders from his home.

If you are behind or unable to make your mortgage payments – call us to discuss possible options.

_____________

Jeff& GraceSafrin “ Spouses Selling Houses” TM

Real Estate Broker / Owners of F.C. Tucker – 1st Team Real Estate one of 32 offices Independently owned and operated affiliated with F.C.Tucker- Indiana’s Largest Real Estate Company (established1918).

If we can help you find a home or land in NW Indiana, give us a call @ 219-405-1232 – we are Full Time Full Service Real Estate Brokers serving Lake, Porter, La Porte Counties.

On Facebook ?…… be-friend us – look up Jeff Safrin : )

Linked in ??….. link to us… look up Grace Safrin : )

TWITTER?? …Follow…. SAFRIN

Our Listings of REO or Bank Owned Properties For Sale are selling quickly in Northwest Indiana.

Recently we had a listing which was under contract in only 14 days on the market, and closed 27 days later.

However – there was much time, energy and effort by us behind the scenes working collaboratively with the REO specialist at the bank which took months PRIOR to this happening!

This included:

Doing Broker Price Opinion’s in both an “as-is” condition AND another BPO with repair estimates included.

This required meeting multiple licensed contractors at the property in order to provide detailed written quotes on any Repairs or Mold remediation.

Submitting these to the REO Manager (on Bank Forms) and awaiting the file to be returned from committee for decision on what work will actually be doneand the decision on listing price, takes persistent follow up skills.

Detailed Photos (before and after) and invoicingmust be kept & shared with the bank contact.

Also, the REO department has specific Bank Contracts and Addendum’s that differ from our State or Local Board Real Estate agreements and these must be reviewed carefully.

Sometimes, customary fee’s like Title Insurance, are NOT customary , but negotiable!

Financing REO Properties is another topic in and of itself these days

Mortgage departments familiar with this ever growing trend of Real Estate sales are sharing their specific requirements for internal financing of REO properties which may or may not differ from their Local lending branches for conventional home sales.

All in all, in our opinion here are the keys to a quick REO sale ->

• Competitive Market Price- a Real Estate Broker experienced in BPO’s can help set this!
• Decent Property Condition – a home in which health or safety concerns have been addressed & corrected sells quicker!
• Mass Marketing efforts / Internet sydication of the listing from day one of going on the market- multiple showings and competition among qualified buyers yields better offers (a Certified Residential Specialist can help with this
• Excellent communication,attention to details, and meticulous follow through by the Listing Agent (s) of Record are needed in this current market to get deals to the closing table!

If you are a Bank or Lender who has Inventory of Foreclosed Homes in NW Indiana and are looking? to move them quickly, please call us for a confidential consultation. References available on request.

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

 Sincerely,

Jeff & Grace Safrin,  Broker / Owners

F.C.Tucker 1st Team Real Estate – Independently Owned & Operated

13 Lincolnway Suite # 203,  Valparaiso, IN 46383          Office # 219-309-9930