An easy breezy Shelton, CT short sale approval with SPS and Carrington! - Reid Real Estate Group
August 31, 2017

An easy breezy Shelton, CT short sale approval with SPS and Carrington!

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!

OWED: $560,000

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

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.

Click Here to Leave a Comment Below

Leave a Reply: