When this Middletown, CT homeowner became disabled and could no longer work, things went downhill quickly. After struggling through a year of an unsuccessful attempt at a short sale with an inexperienced real estate agent, he spent another year trying to get a deed in lieu, for which he was ultimately denied. At the end of his rope and near foreclosure he called me and we listed the home.
Three weeks later a strong cash buyer was secured. HSBC – almost always a breeze – approved in days, and Nationstar was speedier than usual to reach a resolution as the clock ticked away towards our law date.
Our short sale approval was issued the day before the home was set to foreclose. Our lawyer was able to buy a little more time to accommodate a couple extra days to schedule a closing and soon after this Middletown CT short sale closed!
OWED: $390,000 between a Nationstar 1st mortgage and an HSBC line of credit
APPROVED and CLOSED: $225,000
TOTAL TIME FRAME: 12 weeks
Last Updated on September 12, 2017 by Minna Reid