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June 17th, 2011 8:04 AM by David W. Welch
I read a lot of crap about the American dream of home ownership not being what it used to be. The truth is that it is not for everyone, but it is still an ambition for a lot of people. I closed on a townhome in Baldwin Park last week, and while it is not their first home, it is their first home in America. We did the walk-through that morning, and they spent the whole time just planning where they were going to put their furniture and what they were going to do in their garden out back. Driving to the closing in the afternoon they were still just talking about all their plans for their new home. At the closing they asked me to take their picture when they were signing their paperwork and when the attorney handed them the deed. It was a lot of fun for me to see folks so happy to be purchasing a home here in Orlando.
It was not easy for them either. Because they are foreign nationals, there is virtually no fianancing available to them. They had to mortgage their home back in the UK to have the cash to close. Then, because Baldwin Park is the only place they wanted to live, we made offers on two or three townhomes only to be outbid. We even missed out on the home they bought the first time around. The day we wrote the offer, the short sale went pending. When they lost the first buyer, due to the wait on the short sale, we jumped on it. The good news is that the bank kept working on the short sale without starting over with the new buyer. The attorney working on the short sale got it done fairly quickly, and my buyers ended up with a great deal on a terrific home. The American dream of home ownership is alive and well - just a little harder to achieve. Anything worth having is worth the effort.
David Welch Real Estate Optimist, Orlando Real Estate, Any Home-Any Phone