Philadelphia Short Sales - A Sweet Victory

Philadelphia Short Sales - A Sweet Victory

We recently had a successful Philadelphia short sale for a Center City Condo in the Victory Building at 10th and Chestnut. This was a very sweet "Victory" as we had to negotiate with Bank of America through five separate buyers to finally make it to a settlement table. To be honest, we almost gave up on this one as the lender for whatever reason was just not being reasonable with what they were willing to accept and there was not much more we could do and with the mountains of hours we had into it already, we were also getting very frustrated. However, we still represented our clients who were so extremely nice and cooperative every step of the way. They urged us to try one more time with the short sale which we did and sure enough, we did it!

As many of you know out there, Bank of America has a reputation of being one of the more difficult lenders to work with to get a Philadelphia short sale approved. You must be extremely equipped with the Equator process, the short sale process, have patience of a Saint and communication skills of a super hero in order to improve the chances of short sale success. Not to mention knowledge of the real estate market inside and out for issues with valuation of a BPO like we did on this one in regards to recent sales in the Victory Building.

We thank the buyer and the buyers agent for being patient. A successful Philadelphia short sale is a "win-win" for all the parties.

And for you potential Philadelphia short sale sellers out there, make sure you contact the right listing agent to handle the short sale to navigate through the process and get you to the settlement table. Expertise and experience is a must. If you are in Philadelphia, feel free to contact us or email thesomersteam@gmail.com to inquire further.

Other Philadelphia Short Sale Articles:

Philadelphia Short Sales - Another Successful Short Sale at Waterfront Square

Philadelphia Short Sales - Another Succesful Short Sale in Point Breeze

Philadelphia Short Sales and Short Sale Success - The Somers Team

Short Sale Specialists in Philadelphia

Short Sale Specialists in Philadelphia - Plan and Prepare for Success

Philadelphia Short Sale Terminator Rises Again!