A CT short sale success with Provident and Citimortgage

Out of all the lenders I work with, Provident lands towards the top of my list of favorites.

When this Manchester, CT seller first called me, I had never even heard of Provident and feared for the worst. Smaller lenders can be be very disorganized and difficult to work with, however Provident proved to be the opposite. We did face a few delays though. First the property proved to be a tougher sell than I imagined...the market here in CT seems to be declining at a tremendous pace and sometimes it is simply hard to keep up. Second - my seller committed the cardinal sin of short sales - not providing documentation in a prompt fashion !!!!!.

If there's one thing you can do to help yourself as a CT short seller - it is to get all your documents in order quickly and keep your CT short sale Realtor updated with current docs!

Once provided with a full set of documentation, Provident quickly ordered a BPO and within a few weeks we had an approval. Citimortgage, another one of my favorite short sale lenders followed quickly behind with an approval of their own and this short sale closed soon thereafter.

OWED:

First mortgage with Provident: $90,000

Second mortgage with Citimortgage: $42,000

SOLD:  

Approved and closed: $64,000