Short Sale Closed 7072 Heron Circle in the Bay Collection of Carlsbad
Michael Gaddis, J.D. Realty Group, at long last closed a difficult short sale in the Bay Collection of Carlsbad, Ca. Realtor/Attorney Michael Gaddis explains the process and how it came to fruition. For short sale or real estate help in Carlsbad or anywhere in San Diego County, call 760.692.5950 to schedule a free consultation today.
SHORT SALE CLOSED 7072 HERON CIRCLE IN THE BAY COLLECTION OF CARLSBAD
**Video auto-transcribed by YouTube so please excuse any inconsistencies.
Hi I’m Michael Gaddis. On March 30,2014 I close a short sale 7072 hair in Circlein Carlsbad California 92011. The home was located into a collection which is a magnificent community located near the intersection AVR our plane poinsettia lane. Personally I love a collection. It is one of my favorite communities in all Carlsbad perhaps all of North County, maybe even olives and you County II really like the day collection. The home itself was four bedrooms, 2 1/2 baths and had three thousand 57 square feet. It was a single level home and it at panoramic ocean view from the back your. So there was a lot of people who are watching this particular short sale, because the fact is one was in the bay election which is very popular to. Because it was single level in three. Because it had a panoramic ocean view. Now this short sale was it what’s called cooperative sure sell their traditionally to tax away short sales can be effectuate one is where the lender basically tells the agent bring me an offer you go out to your marketing and bring me an offer another way is the cooperative shorts LA which is where the lender participates in the short sale process from the very beginning. In other words they’re the ones that basically tell us where to market what price they want to market the price house at prior to your listing at ado their own valuations and the issue marketing letters which tell us kind of what we need to do and how we need to do it and we elected just say in this co-op program for dish or sell that came back to haunt us a little bit few ties. Because in a cooperative short sale they have a designated amount of time that you can technically close a short sale are you know get offers an when we got our offer and for some reason to be kept closing out the short day o’clock is or so program even though we were in compliance. So every time they did that, they had to go back to the drawing board and reinstitute another. I am water short sale well that require time and ages was time and it was extremely frustrating. I had to go to very high level. People at the lender to make them you know a to turkey did in compliance it was very frustrating for me IIIA. I was very frustrated State Police during the course of this short sale. You know besides the servicing blunders, we had a servicing transfers the original letter that we started with transferred the servicing in a note to another lender on we have buyer fallouts we had you know inspection issues we had loan issues. We had every issue you could possibly think, but Indian the house did sell and it sold for 995 thousand dollars this your cell is a testament to persistence and to my ability to never give up because I think a normal human being might have given up during this process it was extremely extremely laborious. So if you have any questions regarding 7072 Aaron circle or if you have questions about short sales in general are about equity sales because I do a lot equity sales to actually like doing it a lot, please feel free to contact me you can reach me by phone at area code 760-696-1425, 760-696-1425. You can contact me via my web site WWW.MichaelGaddis.com or if you’re in the area you can stop by my office which is located at 6104 innovation way in Carlsbad California. It is a located near the intersection El Camino Real and Palomar Airport Road. So if you have a question about any type real estate related issue, please feel free to give me a call and remember I give you more but it doesn’t cost you more.