A Connecticut HSBC Short Sale Success - Reid Real Estate Group
August 31, 2017

A Connecticut HSBC Short Sale Success

When this Bloomfield CT homeowner first called me, she sounded rather hopeless. After a fruitless 6 month listing with another agent (who blatantly lacked short sale expertise), her home had just expired unsold. To add insult to injury, this agent then told her to give up, go do a deed-in-lieu and even bought all her home furnishings at a discount. Thankfully my seller did not follow this misguided advice. After some online research led her to me, we corrected the price on the home and re-listed it for sale.

It took just over 2 months to secure a buyer for this unique home. HSBC was fairly quick to respond…although they were not on board with our purchase price.

A slight change to our purchase price and a few weeks of convincing later – HSBC sent over an approval letter. A month later this HSBC short sale closed and my overjoyed seller was finally able to move on with her life!

OWED: HSBC Mortgage $360,000

APPROVED AND CLOSED: $225,000

TOTAL TIME FRAME LIST TO CLOSE: 5 MONTHS

Last Updated on September 12, 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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