Another Milford short sale success! A seller tells his story! - Reid Real Estate Group
September 1, 2017

Another Milford short sale success! A seller tells his story!

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Let me first start off saying that I do not write reviews, but I feel compelled to let everyone know of my experience. I owned my Condo for 11.5 years. However, these 11 years brought a tropical storm (Irene), a hurricane (Sandy), and a 2008 financial crisis to the CT housing market. In 2015, the sale price was >$100k less than the original purchase price. Even after renting for three years, I was losing $200/mo. and did not want to continue as a landlord. I was trapped and stressed out, both mentally and financially.

Last March, I called Minna. We started the short sale process with the appropriate paperwork. She even recommended speaking with an accountant to understand the tax implications of a short sale. She guided me through the process. Within 6 months I was approved with the 1st lender. However, right after being approved, the lender then turned around and sold my mortgage to another lender. SO, I had to go through the entire process AGAIN including new paperwork and documentation! Minna and her team stuck with me and took the lead communicating with the new lender. She and her team spoke with this lender on a weekly basis (sometimes daily), and continued to guide me through the entire short sale process. We ended up getting this new lender to approve and 2 months later, the 2nd lender (HELOC) to approve. But then we had to file for an extension on the 1st lender because the deadline had passed. Minna and her team came through with the deadline extension and final closing of the Condo (10 months later).

She and her team (especially Jaime and Michael) are the utmost professionals and have the knowledge to complete complicated and extended short sales (communication, paperwork, etc.). I will strongly recommend Minna and her team to friends, family, and strangers that may be in a similar situation.

Last Updated on September 1, 2017 by Minna Reid

Minna Reid

Minna Reid is The Broker - Owner of Reid Real Estate Group. Reid Real Estate Group is a full-service Connecticut residential real estate brokerage, specializing in helping homeowners with legal and financial challenges including short sales, probate sales and tax lien complications.

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