8 long months to a short sale success with Greentree! - Reid Real Estate Group
August 31, 2017

8 long months to a short sale success with Greentree!

Worn out on fruitless attempts at a loan modification and unable to keep up, this CT homeowner called me to list his home as a short sale. It took two months and a few price reductions to get the home under contract, but we were soon moving forward with the short sale.

Months passed by as our Greentree negotiator was unresponsive and rude, refusing to move the file along. It took several escalations to get the file into someone else hands, and then we finally started moving along. In usual Fannie Mae fashion, our purchase was met with a ridiculous counter, stalling us once again as we tried to overcome our latest obstacle.

Ultimately a solution was reached, and 5 months after our short sale package was first received – a short sale approval arrived. A few weeks later this Greentree short sale CLOSED!

OWED: $280,000

APPROVED AND CLOSED WITH SELLER RECEIVING $3000 RELOCATION ASSISTANCE: $215,000

TOTAL TIME FRAME: 8 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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