Just 5 weeks to a Quicken short sale approval in Middletown! - Reid Real Estate Group
September 1, 2017

Just 5 weeks to a Quicken short sale approval in Middletown!

HOME SALE CHALLENGE:

After barely making ends meet for many years, our Middletown, CT homeowner was finally forced to consider a short sale once he was laid off and had to leave the state for new employment.

REID REAL ESTATE GROUP APPROACH:

Quicken, one of my absolute favorite lenders to work short sales with, was the servicer on this Freddie Mac backed loan. Having closed many short sales with Quicken, we anticipated smooth sailing and a quick approval ahead.

RESULTS:

After securing a buyer for the home, Quicken received full short sale documentation and as predicted, quickly went to work on processing the short sale. Freddie Mac is notorious for asking for sellers to contribute cash or take a promissory note, and of course the request came. This was quickly negotiated to an acceptable amount. It took just a five weeks total to secure our short sale approval letter and a week later this Middletown short sale was CLOSED!
 

Last Updated on September 13, 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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