Connecticut short sale success stories - Reid Real Estate Group

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Reid Real Estate Group is Connecticut’s leading short sale team. The Reid Group gets short sales approved and closed! Read up on our many recent short sale success stories. If you need assistance with a short sale in the area contact Minna Reid today for personalized advice!

November 8, 2018

Naugatuck CT Short Sale Success: Man sells home for $50k less than the mortgage amount and walks away debt free!

Like many others, this Naugatuck homeowner was forced to relocate for work and unable to sell his home for what he owed. He decided to rent out the home while he waited for the market to recover, but several years later he was tired of dealing with the headaches of being a landlord, and his […]

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October 9, 2018

Bridgeport, CT homeowner walks away from over $100,000 of negative equity in this Citibank – Bank of America short sale success!

During the height of the market, many purchased multi-family properties meant to serve as an investment in their future. Unfortunately, with home prices at their peak, these “investments” often proved to be the opposite…10 years after purchasing a Bridgeport, CT multi-family home, this seller found himself with a property worth less than half of what […]

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July 24, 2018

Another Connecticut VA Compromise Sale success! Sellers walk away with over $60,000 of debt forgiveness!

Wells Fargo can be a challenging lender to work short sales with, even with VA loans which have a very predictable short sale process. Find out how this Connecticut couple successfully short sold their home and got over $60,000 forgiven in this VA short sale success!When these Connecticut homeowners were forced to relocate out of […]

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June 18, 2018

Find out how this Hamden couple walked away from over $80,000 of negative equity in this Ocwen short sale success!

short sale approval stamp

It can be nerve-wracking to fall behind on mortgage payments, especially when you know your mortgage debt exceeds what the home could sell for. Foreclosure seems inevitable!  Although there are several ways to avoid CT foreclosure, the whole process can seem overwhelming and scary. Find out how this Hamden, CT couple avoided foreclosure and walked away […]

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April 25, 2018

A Connecticut FHA short sale success with Norcom – sellers forgiven of over $100,000 of excess mortgage debt!

couple holding sold sign

FHA short sales are always some of the most predictable. FHA has a fantastic short sale program that has some really great perks for sellers, such as full debt forgiveness and very clearly set guidelines.A few years after purchasing their home, these home owners fell on hard times and were now facing foreclosure.After many attempts […]

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March 20, 2018

A bitter fight to the end – an SPS and Ocwen short sale finally comes to a close in Bridgeport CT!

short sale sign

Sometimes when I tell my clients they can expect a ​smooth, quick short sale (such statements stem from my prior experiences with their lenders)..I get to eat my words later! This Bridgeport, Connecticut short sale success story would be one of those times!It all started out well enough… My clients situation was a classic no—problem-getting-this-one-approved  hardship […]

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February 5, 2018

Find out how this very persistent CT homeowner finally got his short sale closed on try #5!

short sale sign

Short sales are almost never that – short. I have seen short sales approved in mere days….but most take much longer. Being declined for a short sale doesn’t mean it’s over! Sometimes you just need a different approach! Being rejected the first 4 times never stopped this homeowner….When this Manchester CT homeowner called, he had […]

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