An ASC Short Sale Success...4 lienholders...not a pretty or quick affair..but SOLD!

An ASC Short Sale Success...4 lienholders...not a pretty or quick affair..but SOLD!

Usually I give kudos to ASC (Or rather Wells Fargo who owns ASC) but not much this time. Though I usually find Wells Fargo to be on the ball, I have to say I was rather disapppointed this time.

A buyer for this Avon, CT home was secured in December...we just closed last week...May...almost 6 months later. I was not highly impressed with my particular short sale negotiator...she was slow...inefficient...and unorganized. In fact several times throughout she accidentally closed my file, each time leaving me with hope a new negotiator would be assigned upon "re-opening"...but no such luck.

Also complicating matters were the 3 junior lienholders...each a nightmare in their own special way. After many phone calls with collectors, each leaving me wanting to tear my hair out, a level of acceptable compromise was reached...and we were ready to close.

Back to ASC for a final HUD approval...although this is usually a few day event...this time we were looking at much longer. Several weeks followed with more aggravation. Thanks to everyone's persistence...and with special recognition to my seller's attorney - by far the finest real estate attorney in all of Connecticut and one that I recommend EVERY TIME to my seller's for this particular reason...Finally the okay to close!

But wait! The morning of closing revelaed a threat of new litigation against the property. It was a race to town hall to see who could record first.

Luckily it was us.

A nightmare ASC short sale CLOSED!

CONSIDERING A CT SHORT SALE?