Acid Trip Followup

May 20, 2014

I promised a followup on the Short Sale Negotiators on Acid story. It's almost as crazy as the original story.

The first short sale failed because a greedy first right owner stepped in and screwed up the process after the bank had agreed to $36,000. This was after a 14 month saga of crazy negotiations with Wells Fargo. The listing expired. Amazingly, a new listing agent took the listing two weeks later as a short sale and started all over. Rather than list at the bank's previous take it or leave it number of $63,000, she listed for $45,000. A new buyer signed a contract and the short sale process began for the third time. Either the negotiator at Wells Fargo had developed a tolerance for his particular hallucinogen or, more likely, a different negotiator was assigned. At any rate, the short sale was consummated and closed four months later in December 2013 for $55,000.

One month later, in January this year, after nicely remodeling the little one bedroom unit, it was relisted for $99,000. It closed yesterday for $94,000. This trip is over.

"I am not a pig farmer. The pigs had a great time, but I didn't make any money. "  Willie Nelson

Please reload

Featured Posts

Public Service Announcement

May 2, 2014

Please reload

Recent Posts

June 6, 2014

May 20, 2014

April 20, 2014

January 31, 2014

Please reload

Please reload

Search By Tags
Please reload

Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

 © 2014 Larry Walker

  • Blogger App Icon
  • Twitter App Icon
  • Twitter Clean