S.T.O.R.I.E.S Above – Saving a Family from Foreclosure

I’m Julie, the Director of First Impressions at Linda Craft & Team REALTORS. One day recently I received a call from a home owner who was facing foreclosure and was going to lose the family’s home in five days. After compassionately listening to the situation they were facing and gathering pertinent information, I forwarded everything to Steve Kruger, one of our listing partners. Steve did an analysis of the property and realized there was quite a bit of equity in the home.

One of the things I like about working on this dedicated team is that we have a combined total of 350 years of experience.  That’s a ton of knowledge and know-how. We collaborate on everything!

With his research in-hand, Steve went to Linda Craft and asked her if there wasn’t something we could do to stop the foreclosure clock. Remember, the deadline was in 5 short days.

There’s usually no grace period from the foreclose court system, so we knew we had to present a powerful case for this family or they would have to walk away from their home without a penny. Our market analysis showed they could sell for a profit and we were determined to get it for them.

Linda and Steve acted quickly to contact the foreclosure attorney to see if there was any way to secure a bit more time. Even in the best of circumstance with a cash offer and a quick “as is” closing they knew we would need a minimum of ten days to pull this off.

There’s so much that has to be done from initial listing to closing; we have to measure, photograph, list and advertise, show to perspective buyers, negotiate offers, and get it to closing with a clear title. We also have to secure a written payoff from the lender that includes all the back payments, attorney’s fees, court costs, and any other amounts that may be due.  Stopping a foreclosure is a lot more work than just a traditional sale and time was running out.

When Steve and Linda contacted the foreclosure attorney, they were able to present the case and get the time they needed. Our awesome team was able to list the home for sale fast. Showings began and offers started coming in. We were able to negotiate a cash sale that closed successfully with only 24 hours remaining before the court deadline. Whew!

The beautiful thing about all the hard work the team put into this situation is that this family ended up with a substantial profit and NO foreclosure on their credit record. If they had not called our office when they did and if they had not reached a company that had the experience that we have in knowing how to handle all real estate transactions, they would have walked away with a foreclosure on their record and zero dollars in their pockets.

One of our Core Values is Integrity, which means we always do the right thing for our clients. We are proud to say our clients walked away with $86,000 and peace of mind knowing they would not be going through foreclosure and the seven-year recovery period that goes with it.  And, they used our moving truck for FREE to move.

The first two words in our mission statement are “Helping people…”  S.T.O.R.I.E.S Above, like this one, is why I love working for Linda Craft & Team REALTORS.

Linda Craft & Team REALTORS is the Triangle’s #1 ranked, locally-owned Real Estate Company and Carolina Hurricanes Corporate Real Estate Sponsor. They have served the real estate needs of individuals and families, in all price ranges, for over 30 years. The company’s mission and core values focus on Expert Market Knowledge coupled with Raving Fan Customer Service to ensure complete client satisfaction. For more information about Linda Craft & Team, please call 919-235-0007 or visit www.lindacraft.com

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