What better gift than being home for the holidays? This time of year is a sentimental, sacred time, but it’s also business as usual for the banks.
This is a story of how Greenway Financial Recovery, by way of “Short Sale Secret Weapon Super Hero,” Arlena Sefiani, prevented the foreclosure on the home of a young family with 3 small children for Christmas.
2020 hit this family hard, and they were behind on their mortgage payments. They were being foreclosed on the day before Christmas. Even though the short sale process was already in progress, the bank went ahead and posted the Christmas Eve sale date.
Arlena went back and forth between the banks and all parties involved, negotiating with the decision makers, reminding them that it was not a good time of year for this, and managed to get the sale date postponed till January, when they could continue the short sale process.
This allowed the family to stay in their home for Christmas without having to make any payments.
As an extra Christmas bonus, the family got a relocation incentive. Sometimes banks give an incentive in the form of a payout, because they spend a lot of money to foreclose on a home. Truth be told, this incentive will keep the property from getting damaged so the bank receives more money from the sale.
Whether you are a real estate agent, brokerage, or home owner, reach out to Greenway Financial Recovery and receive FREE advice to help you or your client stay home for the holidays.