HOME SALE CHALLENGE:
After losing money on her investment property for many years, this Milford, CT homeowner finally decided to cut her losses and sell her over-leveraged rental unit. Due to the large amount of negative equity in the property a short sale was the only realistic solution.
REID REAL ESTATE GROUP APPROACH:
Since our seller had two loans - one with Nationstar and a second with Wells Fargo, we expected the short sale process itself might be rather slow as neither lender is known for their speed. Although our seller certainly qualified and we expected would be approved, we anticipated some delays.