A speedy Ocwen HAFA short sale success!
Posted by Minna Reid on Thursday, June 28th, 2012 at 1:48pm.In never thought I'd say these words...but Ocwen to the rescue.
After struggling through months of unemployment and several failed attempts to modify their loan with Chase, these CT homeowners had given up and decided to just cut loose and sell their home in a short sale.
The home was an immediate hit and was under deposit within 2 weeks. A short sale package headed to Chase - the kings of incompetence. Fortunately - less than two weeks later my homeowners received notice their loan had been sold to Ocwen.
We started all over with Ocwen. It took a few weeks for them to have the loan set up in their system, but once we were able to initiate the short sale, just a few short weeks later our HAFA approval letter arrived. It took the buyers several weeks more to finalize their loan, and this Somers CT short sale closed!
OWED: Ocwen $300,000 first mortgage
APPROVED AND SETTLED IN FULL: $250,000 with $3,000 HAFA incentive paid to sellers
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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