Friday I had a closing for a newlywed couple in Charlotte North Carolina. They got a great deal on a home that had slid into a bad situation. The sellers had divorced and were at each others’ throat. Because of their feuding and divorce, the mortgage payments were not being made. The situation was dire. If the house hadn’t closed on Friday, the home would be auctioned in foreclosure at the Mecklenburg County courthouse on Monday at 1:00 pm.

Fortunately, my buyers were able to close on the home on Friday. It was a win-win-win. My buyers won because they got the home at a great deal because the sellers had to sell. The sellers won because they avoided a foreclosure. The bank that held the mortgage for the seller won because they didn’t get another unwanted foreclosure in their portfolio