JUST LISTED -5860 North 500 East, Lebanon

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JUST LISTED in Lebanon!

Opportunity awaits! This circa 1913 farmhouse is waiting to be brought back to life. What was once a charming, classic Hoosier home CAN BE AGAIN. It is, of course, priced to reflect the necessary investment of time & cash, but if you’re looking for a project, bring your vision & your tools! The house sits atop a slight hill in the shade of some truly grand trees (which are crying out for a rope swing!). Inside you’ll find a traditional design with two spacious bedrooms on the main floor, a large family room at the hub of the house & a classic eat-in kitchen. The upper floor is a blank canvas of finished space to be redesigned as needed. Looking for a country lot to redevelop? This is a great option for that, too. Cash or rehab loans only. Sold AS IS.

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JUST LISTED! 10067 E 550 N, Darlington

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JUST LISTED IN MONTGOMERY COUNTY!

 Turn this diamond in the rough into your country home with a little elbow grease! The spacious, brick, Cape Cod sits on 5.12 acres and features mature trees & a bubbling creek. The home is centered on the lot for max yard front & back. Yes, it needs carpet, paint & a good clean-up inside & out, but it is priced to make the effort worthwhile! The design of the main floor w/ 4-season room is spacious & easy to furnish, while the three bedrooms upstairs make it lovely to accommodate a family. All mechanicals & systems work as far as we know. There are a few missing shingles over the garage that will be an easy correction for less than $500. Sale is subject to approval of a short sale, so if you’re not in a hurry, bring your offer & let’s see what you can make beautiful! Call Jennifer today for more details about this unique opportunity.

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SOLD – 13679 Mallorn Circle, Fishers

13679 Mallorn CircleD and M needed to sell their home in Fishers.  Their financial situation had changed, due to the recession, and they were upside down on their mortgage after the developer of their neighborhood filed bankruptcy and abandoned the yet-unfinished neighborhood.  This sale would take a special agent with a lot of patience and a keen knowledge of the short sale process.  Jennifer was the right fit, and was able to accomplish what most would have declined.  A sale was procured, the bank approval of the short sale was secured, and the transaction moved toward a closing.  Jennifer helped the family find an excellent rental, so they could start the new job without the burden of an oppressive mortgage, and they didn’t even have to leave the school system they loved!

SOLD – 123 Coombs St, Lebanon

downloadJennifer received a call late one evening from a very emotional homeowner.  She had quite a tale to tell of numerous failed attempts to refinance or have her loan modified and she’d come home from work that night to find a foreclosure notice on the door.  She didn’t understand the process or what to do next.  Illness had ravaged her finances, and Bank of America had being less then cooperative (which is no surprise to Jennifer!), but the bank had referred her to Jennifer for a short sale.  (Jennifer is on their list of Certified Short Sale Specialists in the Boone County market.)  Short sales are never a joy, because the stories behind them are sad, but Jennifer knows they are a necessary evil and takes pride in her ability to help guide and protect the homeowners as they make the best of a difficult situation. Jennifer helped Karen understand her options and explained why short sales are the best long-term solution to an inevitable end.  They agreed to list the house so that Karen could control her move date and participate in an incentive program through the Federal Government that would put some cash in her pocket to finance the move. In the end, the sale worked out well, and Karen was able to move to a great apartment with $5000 in her pocket, which helped offset the cost of storage and movers and security deposits. This was a sad sale for Jennifer.  She empathized with the frustration Karen felt at losing her long-term home, but the ending was better than it could have been when the foreclosure was avoided.  Karen’s health is much improved, she’s out from under a house that was over mortgaged, and she no longer has to worry with the upkeep on a historic house that was simply too much for her.  All things considered, it was a good ending to another Story of Sold.

SOLD – 4913 Melbourne Road, Indianapolis

4913 Melbourne RdThe Johns family had already outgrown their comfy home in Pike Township when baby #4 was announced, so the time was right and the schedule tight for a move in the summer of 2013.  Jennifer had a listing nearby that appealed to them; a spacious, clean house in a nice neighborhood that was priced well because the sellers had fallen on hard times. It was a perfect fit, but how to juggle the sale of Melbourne and the purchase of their new home on a schedule that made sense to a pregnancy already in month seven?  “We’ll figure it out,” Lucas said.  “Let’s just get Melbourne on the market and get the new house under contract and go from there.” Jennifer secured an accepted purchase agreement for them, then focused on Melbourne.  It needed to be cleaned up a bit, purged, staged and priced to sell in a short amount of time, but not so soon that they were homeless before they were ready to close on the short sale they had to wait on.  The long and the short of how all that worked out is that Jennifer knew an investor who was snapping up nice homes for their rental portfolio.  She made one call and Melbourne was under contract at a fair price with a flexible close schedule that could accommodate the acquisition and move into the larger home.  And the new baby arrived a month later.  Whew!  Jennifer hasn’t had a family homeless yet, and she finds it fun to see how things always seem to work out.

SOLD – 456 Anywhere Road, Indianapolis

House-Option-ContractW & C were tired of fighting Bank of America to save their home.  A short-term job loss at the height of the recession had caused a hardship, and they’d fought for three years to reaffirm their loan and to have a modification accepted so they could stay in the home they loved.  Unfortunately, the bank wasn’t cooperating and they were experiencing a terrible case of the run-around.  Finally, they hired an attorney to negotiate with the bank on their behalf.  When that failed, they threw their hands up and called Jennifer.  The house was sold in no time, and Jennifer managed Bank of America to an approved short sale, which gave her frustrated clients an opportunity to control their move, achieve debt forgiveness and acquire a fresh start.  ‘Twas a bittersweet event for her sellers, but Jennifer was grateful for the opportunity to help two great people find closure after a long fight that rarely leaves consumers victorious.  With the pressure of that mortgage behind them, both are back to work and doing well, and the rebuilding has begun.

SOLD – 4560 Woods Edge Drive, Zionsville

4560 Woods Edge DrThe sellers of 4560 Woods Edge were at their wit’s end. Times had
been tough, and their house had to be sold. When they called Jennifer,
they said “We want to be a ‘story of sold.’  You might be our last
hope.”  With just a few delicate questions, Jennifer knew what she had
to do. She called their bank, got permission to sell it at market
value, and commenced the marketing. Three offers were received within
a week. They picked the winner, and marched toward a closing. It
wasn’t an easy sale for a myriad of reasons, but it got closed in
short order. The house is under rehab right now, and the former owners
get to start over without that burden on their shoulders. Whether
you’re looking for an exciting new beginning or at the end of your
rope, Jennifer will craft the perfect ending to your own story of
sold.

SOLD!! 11064 Schoolhouse Road, Fishers

SchoolhouseWendi’d had a run of bad luck and needed to relocate for work.  What could she do with the house in Fishers?  The neighborhood had been hit hard during the
recession, and there was no way to sell it high enough to pay off two mortgages.
One brisk October morning, Jennifer laid out Wendi’s options:  1)
find the cash to pay off the mortgage balance, 2) let it go to foreclosure, or
3) compromise and apply for a short sale with both mortgage lenders.
Jennifer knew it wouldn’t be easy when she chose the latter, but they
dove into it. By January, the ladies were looking at three offers.
The highest was chosen and the ride began. The first lender
approved the offer in short order, but the second was not as cooperative.
Jennifer sparred with that lender while the buyers hung in there for
EIGHT months! The bank’s delay tactics frustrated everyone to the point
that the buyers chose to move on in August. So, Jennifer put it back on the
market – still fighting with the second lender – and found a couple more
offers!  The highest was submitted in September.  BOTH loans now had
to be re-approved because the first approval had expired.  It was
maddening!  At times, there was a desire by all to just give up. but
patience prevailed, the approvals moved more quickly in the second round, and
they closed in late October – 366 days after the process began.  Jennifer
was reminded that persistence pays off, even after patience runs out, and that
there is a solution to hardship.  It’s not always easy, but it’s always
the lesser of three evils.

FINALLY SOLD – 123 Anywhere Street, Indianapolis

For the purpose of protecting the privacy of the parties involved in this transaction, Jennifer will not disclose the address of this property, and the names of the characters involved have been changed. The story behind “123 Anywhere St” has to be told, because it is not merely a story, but a novel– a series of sales, in fact, that FINALLY found a conclusion with a closing in late August that Jennifer, honestly, thought would never come. This closing was a testament to Jennifer’s stubborn persistence in getting a property sold NO MATTER WHAT happens along the way, and this story will never fit on a postcard!  

Jennifer listed this property in April 2009.  It was beautiful at that time; professionally decorated, priced well, and she was confident that it would be sold in a matter of weeks at the list price of $425,000.  Very shortly after it was listed, both Mr and Mrs Seller lost their jobs unexpectedly.  The spring of ’09 was the height of the recession and probably the peak of unemployment in our market.  Job loss is hard on families, and it was not long before they filed for divorce.  He moved to California, she tried to maintain the house, but inevitably, a short sale application with two lenders commenced, and the troubles began.  The first offer received that summer was at $349,000.  Bank of America (BOA) was not shorted, and Wells Fargo (WF) was offered 60% of the outstanding balance on the 2nd, which they declined to accept.  The two banks’ fighting caused that sale to fall apart.  Some months later, a second offer was received for less money, which now shorted BOA, and WF was offered about $6,000 as a settlement (because first mortgages are always in control in a short sale situation), which was declined.  Three months were wasted with WF fighting for more money, so buyer #2 grew impatient and moved on to an easier purchase.  

Buyer #3 was happy to fund a larger settlement to WF in their purchase terms, but BOA wouldn’t allow it.  Any money over and above the $6000 belonged to BOA, and something like that just can’t be hidden in a purchase loan these days, so that sale in the $280,000s fell apart, too.  Meanwhile, the house was vacated, and it began to deteriorate from neglect.  The pool cover collapsed, the roof started leaking, the cedar siding began to rot out, the furnace failed and vandals partied in the house.  To complicate matters, at some point, WF sold the bad second mortgage to a loan shark, who now demanded $13,150 as his settlement to release the lien.  What?  

Enter buyer #4 – a cash buyer who was willing to pay the higher settlement to the second lien holder, in exchange for a lower purchase price to BOA.  No loan was involved, so that could be finagled.  After a few months, BOA approved the terms of the sale in the mid $200s, and a closing was set for September, 2011.  It was almost over, Jennifer thought.  WRONG.  Buyer #4 flaked out and never showed up to closing!  Really?  Yes!  Good grief.  Enter buyer #5 in January, 2012.  Purchase price was to be $210,000.  With the second lien resolved, Jennifer got to start over with BOA for a new approval, which she got, a couple months later and they were, once again, ready to set a closing date for mid June, as soon as the buyer’s lender was ready to close the loan.  Fifth times a charm?  NO!  That deal failed in the appraisal because it was rejected as collateral due to the condition of the house at that point. Now Jennifer needed another cash buyer to close quickly.  At a couple points along the way, she nearly gave up.  But after a mental rest between fall-throughs, she’d muster the energy to go again.  

By the time buyer #6 came along in early July, it was a matter of sheer stubbornness that made her resubmit that offer to BOA and go through it all over again.  This time it worked, and the deal was closed on August 29th.  The closing was actually comical for a variety of reasons.  It lasted over two hours.  One of the parties came to the table with alcohol on the breath.  The other was a first-class piece of work.  But nobody was leaving that table until that deal was done.  Period.  

In the end, Mr Seller sent Jennifer a purple feather boa as a thank you gift.  At first, the irony was lost on her, though she is well-known for her love of purple, but a few hours with it in hand, Jennifer realized the boa stood for BANK OF AMERICA. It was an award for taking on BOA and winning! HA! That is a gift she will always treasure, and heavenknows she has a story in this one for all-time’s sake.  The lesson here is never give up, and enter into short sales with multiple liens very, very carefully! 

JUST SOLD – 2650 Old Vines Drive, Westfield

A mandatory job relocation in 2010 to sunny Florida left Michael’s lovely home in Westfield vacant with a sizeable mortgage to maintain. The market at that time was abysmal, and his attempts to keep it leased were no more successful.  So he called Jennifer after the last tenant moved out abruptly, because the house simply had to go.  Left vacant, it would devastate him financially, and his combined mortgage balance was considerably higher than the current value of the home.  Selling it at fair market value was not a pretty picture either.  Fortunately, Jennifer is a Certified Short Sale Specialist and knows the ins & outs of how the banks work to allow responsible sellers in his position to sell in order to avoid foreclosure.  She made the calls to not one, but to the two banks holding first and second mortgages on the property.  Their option was simple: cooperate for a short sale, or take it into bank inventory after a lengthy and expensive legal process.  They agreed almost immediately to review offers that would facilitate a short-sale, and within a month, Jennifer had an offer to present.  She was shocked that the first bank approved such a loss, and held her breath while the second bank reviewed the settlement that was offered to them.  They, too, accepted it; and a closing date was set.  All in all, the process took about four months from start to finish, but the stars aligned, and the closing commenced on September 22nd.  And while Michael has a ding on his credit, his debt has been forgiven in a responsible manner, and he is free to rebuild without the burden of over $500,000 in debt languishing up in Westfield.