Longtime Client Avoids Foreclosure

Arizona Short Sale Realtor Jennifer Wehner just helped longtime client avoid foreclosure 6 times by completing 6 successful short sales for him and his wife.

Phoenix, Arizona (I-Newswire) September 24, 2012 - Arizona Short Sale Realtor Jennifer Wehner just helped longtime client avoid foreclosure 6 times by completing 6 successful short sales for him and his wife. Jennifer Wehner first started working with Kevin in 2004 when he was interested in purchasing investment properties. Over the years, Jen helped Kevin successfully fix and flip a dozen homes, and also helped structure a lucrative land deal in 2005. Kevin kept a number of properties in his rental portfolio, and in 2007 experienced a sharp decline with his consulting business. He struggled for years keeping everything afloat, then contacted Jennifer in 2011 to short sale 6 investment properties he was losing money on every month.

“I felt a lot of pressure to succeed on each property, as our goal was to avoid foreclosure on all 6 properties. It was a lot like running a gauntlet!” Jennifer said on the experience. She goes on to discuss some of the challenges she encountered. “We got one approval with Wells Fargo that waived all deficiency (relieving seller of any liability). Then the buyer canceled, and we had to go back through the approval process with another buyer. When we received the updated approval, the investor retained the right to sue the seller!” Jennifer immediately went to a top contact at Wells Fargo, and within 3 days received a new approval letter, this time waiving any rights to deficiency.

Jennifer has gained a lot of knowledge in her experience of working with short sales since 2008. She has consistently closed the most short sales in her company since 2009. Most of her business comes from referrals, from clients like Kevin. She has also helped her clients that had previously completed short sales go on to purchase a home. “I’ll be honest, short sales are not always easy to negotiate and sometimes I feel like they take years off my life. It also can be heartbreaking seeing my clients in distress. However, helping my clients move on with their life, and giving them a chance to rebuild is so rewarding that it makes it all worth it”.