February 9, 2020

Wells Fargo can be a challenging lender to work short sales with! See how this Stratford couple walked away from over $100,000 of bad mortgage debt in this Wells Fargo FHA short sale!

After years of struggling to make it work with loan modifications, my sellers decided it was time to move on from their over-mortgaged home!

Unfortunately, Wells Fargo wouldn't make it easy! Wells short sales can be notoriously difficult to process, as this lender struggles with staffing and organization. This time proved to be no different! ​

Over the course of 15 months, we went through multiple buyers, multiple negotiators, multiple attempts at short sale approval, and multiple failed foreclosure attempts by the lender. 

Short sales can be exhausting sometimes...

But my sellers never gave up and neither do I. The stars finally aligned....our short sale was approved! 

We closed soon after with my sellers having their mortgage and their HUD partial claim forgiven, and a $3,000 relocation check to boot!

what is a partial claim?

I cannot honestly find the right words to express the amazing job that Minna, Jaime, and the entire group did  for me. Making the decision to go through a short sale process is daunting, to say the least, but Minna and her team somehow found a way to take all of the stress out of it. From taking time during our initial conversation to explain all of the possibilities to seamlessly navigating through all the hoops with the lender, every step of the process was masterfully covered.

Overall, I could not be happier with my experience. To anyone looking for real estate expertise, whether it be standard or short sale, I would say that there is Reid Real Estate Group and then there is everybody else!

Last Updated on February 17, 2020 by Minna Reid

About the author 

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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