I found this post this morning and could not wait to share with all of our
clients that have gone through the struggle of either buying or selling a short
Particularly those that in the back of their minds have harbored the feeling
that maybe the agent was not representing them as well as they would like.
Many frustrated home buyers can't believe that Banks will rush to foreclosure
when ready, willing and able buyers are willing to own the banks problems.
Thanks Jennifer for letting us share your clever scenario.
Prestwich Your Castle RE Colorado (Henderson, Brighton, and Thornton to
Dear Wells Fargo,
Congratulations! You've bought a house! I know you
are going to be very happy there. The schools in the area have a great
reputation. What's more, there is a community pool, tennis courts, and an
extensive trail system throughout the area's lakes and open space.
Even though you have never seen the house or been inside - in fact,
you aren't even in Colorado - I know that you will appreciate the 5 bedrooms and
4 baths. The basement is set up perfectly for out of town guests, with
its full bedroom and bath and large rec room. I'm sure you will have a lot of
visitors who will want to take advantage of your hospitality, so you'd better
make sure you have plenty of towels!
And what a wise choice you have made, declining the short
sale offer that was $8,000 more than what you have declared to be the opening
bid at the foreclosure auction. So shrewd. I'm certain that the legal
fees and holding costs and loss you are taking on the original loan are much,
much less than that. What an excellent business decision!
Plus, this house has so much room! Not to mention a 3 car garage and large
yard with a brick patio. Oh, Wells - may I call you Wells? - imagine
the warm summer days you will spend on the patio barbeque-ing with your friends.
Will you invite Bank of America? And Citigroup? And Chase?
Enjoy your new home! I can only imagine that when you saw
this beauty come up in your loss mitigation files, you could hardly wait to move
in. Why else would you force this foreclosure auction when there is a valid
offer in the works? You knew the sellers were in dire straits when you got
their hardship letter. Loss of income? Pish! Terminal Cancer? Tosh!
You wanted this house, and - by golly! - you got it.
Nice job. Have fun at the auction! Oh- and don't forget
that you need to bring certified funds for the full amount of your winning
Jennifer Prestwich, REALTOR®
Your Castle Real