A Connecticut HSBC Short Sale SuccessPosted by Minna Reid on Monday, October 1st, 2012 at 11:50am.
When this Bloomfield CT homeowner first called me, she sounded rather hopeless. After a fruitless 6 month listing with another agent (who blatantly lacked short sale expertise), her home had just expired unsold. To add insult to injury, this agent then told her to give up, go do a deed-in-lieu and even bought all her home furnishings at a discount.
Thankfully my seller did not follow this misguided advice.
After some online research led her to me, we corrected the price on the home and re-listed it for sale. It took just over 2 months to secure a buyer for this unique home. HSBC was fairly quick to respond...although they were not on board with our purchase price. A slight change to our purchase price and a few weeks of convincing later - HSBC sent over an approval letter. A month later this HSBC short sale closed and my overjoyed seller was finally able to move on with her life.
OWED: HSBC Mortgage $360,000
APPROVED AND CLOSED: $225,000
TOTAL TIMEFRAME LIST TO CLOSE: 5 MONTHS
Minna Reid is a CT Licensed Real Estate Broker Associate with CG Real Estate, specializing in short sales, serving the Central CT including, but not limited to; Avon, Berlin, Bristol, Cheshire, Cromwell, Farmington, Glastonbury, Hamden, Meriden, Middlefield, Middletown, Newington, New Britain, North Branford, North Haven, Plainville, Portland, Prospect, Rocky Hill, Southington, Wallingford, West Hartford, Wethersfield and Wolcott.
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