A Hamden short sale success with Ocwen and Seterus - Reid Real Estate Group
September 1, 2017

A Hamden short sale success with Ocwen and Seterus

Some things just don’t come easy…..including this short sale approval…

HOME SALE CHALLENGE:

Our unbelievably sweet and charming retiring Hamden, CT homeowner found herself in a position to have to move to senior housing, but upside down in her home. After attempts to sell at fair market proved unsuccessful, she realized her best option was to pursue a short sale, so she called us.

REID REAL ESTATE GROUP APPROACH:

Our seller had a single loan on the property  – with OCWEN – one of our current favorites. We anticipated an easy breezy road ahead…..

RESULTS:

Never count on an easy road! It took much longer than expected to secure a buyer for the property….And after securing the buyer – the sale fell apart soon after….leaving us back on market to secure another.  Our second buyer came soon after – and OCWEN moved quickly to approve the sale….APPROVAL IN HAND WE PREPARED TO CLOSE!
UNTIL…
OCWEN sold our loan away days before close..to Seterus….
Seterus is off and on….thankfully this time they were half on…as it only took about 3 more weeks for us to convince them to redo an approval letter –
AND SO WE CLOSED, with our seller walking gracefully away to a new chapter in her life!

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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