FHA Short sale approved and closed in New Haven, CT with Webster Bank and CHFA/CHIF - 02/29/12 05:59 PM
Fairly simple and straight forward deal here.
 
Predictable FHA short sale, the 1st mortgage serviced by Webster bank and a small 2nd mortgage with CHFA serviced by the Connecticut housing investment fund (CHIF).
We took a look at the comps, priced the property appropriately, and had a contract in 8 days.
Webster bank was fantastic to work with.  Once I had the full short sale package in, an appraisal was immediately ordered and we had an approval letter in about 3.5 weeks!  CHIF, as usual was a model of efficiency and had an approval back in a matter of days.
 
… (1 comments)

Short sale approved and closed with Chase and Flagstar Bank in Plainville, CT. - 02/14/12 06:54 AM
This one posed some huge challenges, but in the end we all were able to walk away happy.
 3 lien FHA short sale.  Yup you heard me right.  I knew this was going to pose some challenges, but was confident in my ability to get the job done.
1st lien - Chase FHA.  Fairly straightforward here, Chase has been greatly improving their responsiveness to complete short sales.  We had the client into the HUD Pre foreclosure sale program 27 days from the day I faxed a full package.  The negotiator at Chase was a dream to work with.
2nd lien - Flagstar … (2 comments)

 
Patrick James (CG Real Estate ) Rainmaker_large

Patrick James

Middletown, CT

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CG Real Estate

Address: 1224 Mill St., Bldg B, East Berlin, CT, 06023

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