Most short sales are frustrating and difficult, some are an absolute nightmare, and some of them just blow you away with their ease!
After a major life change this Shelton homeowner found himself living in a condo that no longer worked for his lifestyle, but stuck in a mortgage that made it impossible to move on. A short sale was his only realistic option at getting out of the home.
In our slow CT condo market, it took 2.5 months to secure a strong buyer and immediately we went to work on the short sale approval.
Between SPS and Carrington our client was almost $200,000 upside down in the home. With relative ease both lenders quickly started processing the short sale and within weeks we had an approval from Carrington. Despite my suspicions this particular short sale approval would come with a request for a cash contribution or promissory note, neither ever came!
A few weeks later a short sale approval letter from SPS seamlesssly followed and a few days later this Shelton, CT short sale CLOSED!
SETTLED IN FULL AND CLOSED WITH SELLER RECEIVING $3,000 RELOCATION ASSISTANCE: $475,000
TOTAL TIME FRAME LIST TO CLOSE: 5 MONTHS
Last Updated on September 12, 2017 by Minna Reid