A CT FHA short sale success with BB&T

BB&T – Branch Banking and Trust Company is a rather small lender. This particular loan was an FHA loan, which has its advantages to the short sale seller.

We submitted the short sale packet as the property went on market. It took over two months for BB&T to take real action on the file, which happened to coincide with the time we secured a strong cash buyer for the home.  

To our surprise - the short sale approval arrived just over a week later, and shortly after we closed.

OWED: $200,000

APPROVED AND CLOSED WITH FULL DEBT FORGIVENESS: $83,000

FHA SELLER INCENTIVE: $1,000

TOTAL TIMEFRAME LIST TO CLOSE: 3 MONTHS

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Minna Reid, Realtor
CG Real Estate - Southington CT
Voice or Text: 860.416.1255
 

Minna Reid  is a  CT Licensed Real Estate Broker Associate with CG Real Estate, specializing in short sales serving 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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This post has been included in Connecticut Real Estate News
Post is included in group: Attorneys, Short Sales, Foreclosures, Loan Mods
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1 Comments on A CT FHA short sale success with BB&T

FEB
14
2012
136,554 Points Outside Blog

Minna, That is a great achievement to get that short sale done.  Great job.  BB&T is not the easiest to deal with.
9:53am • #1


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Minna Reid, CT REALTOR®, Short Sale Agent

Southington, CT

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CG Real Estate

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

Cell Phone: (860) 416-1255

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