Well Fargo VA compromise sale approval in Shelton, CT in just 6 weeks! - Reid Real Estate Group
August 31, 2017

Well Fargo VA compromise sale approval in Shelton, CT in just 6 weeks!

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After a divorce, my Shelton, CT client had been left upside down in an unaffordable loan an with no way out. A VA Compromise sale ( VA’s name for their short sales) was her only reasonable option and she was ready to go!

It took just 10 days to sell the home in a multiple offer situation at the height of the selling season. A short sale package quickly headed to Wells Fargo. To our surprise Wells Fargo moved quickly to appraise the home and process the short sale and less than 6 weeks later a short sale approval seamlessly arrived!

Unfortunately two more months passed as we dealt with unexpected delays on both sides of the transaction…and then this Wells Fargo VA short sale finally closed!

OWED: $250,000

APPROVED, CLOSED AND SETTLED IN FULL: $210,000

TOTAL TIME FRAME LIST TO CLOSE: 3.5 MONTHS

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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