CANTON CONDO – SHORT SALE
The owner of this Canton Condo was stressed out and was facing the real possibility of foreclosure. A series of unfortunate events made it impossible for the owner to afford the condo any longer. With the decline of home and condo prices over the past few years the owner owed much more than the current market value of this condo and was not able to refinace.
We referred the seller to a local attorney for a free consutation and it was determined that the best course of action for the owner was to proceed with a short sale. We went to work and created and executed a marketing plan specifically designed for this condo. The result was that we received multiple qualified buyers interested in this property. We worked together with the attorney that negotiated with the sellers mortgage holders (1st mortgage and home equity loan) and in just 4 months time had the property sold. By working with The Johnson Team, the seller avoided foreclosure, sold the condo and had the shortfall forgiven so they can move on with their life.