When this Southington, CT family wanted to relocate out of Connecticut for a new employment opportunity down south, they found themselves with over $50,000 of negative equity and with no way to pay the difference. Determined to get down south and avoid foreclosure, they decided to contact Reid Real Estate Group and list the property as a short sale.
The property went on market and within 5 weeks a buyer was secured. While Provident is usually a breeze to work with and flies through files, this particular short sale negotiation became a complicated one.
Three long months later a satisfactory approval was finally negotiated and a month later this Southington short sale closed!
APPROVED AND CLOSED WITH FULL DEBT FORGIVENESS: $230,000
TOTAL TIME FRAME LIST TO CLOSE: 5 MONTHS
Last Updated on September 12, 2017 by Minna Reid