My New Blog

A Referral From a Blog Gets it Done! . . Central CT Short Sale Success

A referral from a blog post on short sales brought a distressed client to me looking for help. Her situation was caused by the decrease in home values, loss of revenue because of a cutback in hours, and also a loss of revenue due to the dissolution of a relationship. The bills were mounting and no help was available.

The bank was contacted seeking a loan modification, but when they did their appraisal the home was too far underwater for them to consider anything but advising her to do a short sale.

After the initial call, we sat down and all of the details and the requirements on her part were explained. All financial documents needed to be collected and organized for submission to her lender. The lender acknowledged receipt of all documents but would not do anything until a viable purchase contract was in their hands.

After a few months of marketing, and making reasonable price adjustments to the listing we got an acceptable buyer. The contract was sent to the bank; the lender's appraisal was done and we were within value; and the investor, signed off on the transaction. Within 45 days of getting the purchase contract, the short sale was approved and concluded.

Dealing and processing an owner through a short sale, doesn't have to be difficult. The process requires patience, honesty and a support team of a qualified real estate professional, a willing bank and a lawyer with a staff that is experienced with handling a short sale.

Her are the primary hardship situations that would qualify a homeowner for a short sale. This client qualified under the two asterisked hardships.:

Unemployment
** Reduced Income
Divorce
Separation
Medical Bills
** Too Much Debt
Death of a Spouse
Death of a family member
Payment Increase
Business Failure
Job Relocation
Illness
Damage to Property
Military Service
Incarceration

If you or anyone you know is having a problem with their mortgage and are in danger of losing their home, I may be able to help them through a successful short sale. Help is there. Call me at 203-206-0754 or email me at edsilva@remax.net. All information will be handled with strictest confidence.

IMPORTANT NOTICE For Short Sale Sellers: Edward Silva or RE/MAX Profesisonals is not associated with the government, and their service is not approved by the government or your lender. Even if you accept our offer to help you with your short sale and use our services, your lender may not agree to change your loan. If you stop paying your mortgage, you could damage your credit and lose your home.