Sold Southbury CT Colonial, a Successful Short Sale

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001

Sold Southbury CT Colonial, a Successful Short Sale

Sold Southbury CT Short sale

This Southbury CT Short Sale colonial closed right at the end of the year and a good deal for the new owners, and a relief for the sellers. A lucky break for the sellers when the second lien holder cancelled the debt and waived any deficiency. The sale value of the house, while still considered a short sale, allowed the investor to recoup their mortgage value and was recorded as a satisfied note.

Eleven days on Market and we had a qualifying offer.

Ten days with the primary bank and we had a price counter which the buyers accepted and amended the contract.

Four days after the amended contract reached the lender we had Short Sale approval to close in December. The buyer's lender did their work; the lawyers did their work, and with an old years'  send off, we closed.

Primary Lender was Wells Fargo, and I had an excellent and responsive file manager on that side. The second lien holder, Bank of America, gave their approval just as I was putting the listing into the market.

Illness, which lead to loss of income was the hardship, and all were well documented.

Short sales are not a guarantee to be granted by the banks. Failing to pay a mortgage will most assuredly result in foreclosure.

Not all home owners can avoid foreclosure, but doing nothing and waiting is not the right way. We have the expertise to help Connecticut homeowners avoid foreclosure.
 
Sold Southbury CT Colonial, a Successful Short Sale
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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed Congratulations and I hope all your transactions go that smoothly for you.

Jan 03, 2014 08:40 AM #1
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Congratulations on the sale and hopefully there will many more to come in 2014. Really good turn around for a short sale.

Jan 03, 2014 07:00 PM #2
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
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Congrats Ed.  Beautiful home and pristine snow covered landscape.

Jan 03, 2014 08:34 PM #3
Rainmaker
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Christi Farrington
Dagny's Real Estate - Wilton, CT
~ Your representative in Fairfield County, CT

Ed, you did it!! Congratulations on a job well done! 

Jan 04, 2014 12:03 AM #4
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Julie Dumaine-Russell
RE/MAX Alliance - Branford, CT

Ed - congrats on the quick sale & speedy responsiveness from the lenders.  

Jan 04, 2014 12:17 PM #5
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Debbie Reynolds
Platinum Properties - Clarksville, TN
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Ed, I think you set some speed records especially since short sale approval was involved. A big congratulations is in order.

Jan 04, 2014 01:00 PM #6
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Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

No deficiency from the second lien holder . That is a huge relief for the sellers. Keep doing what you are best at Ed. You are helping a lot of distressed home owner. 

Jan 04, 2014 10:53 PM #7
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Brenda Mullen
RE/MAX Access - Schertz, TX
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Congrats on the successful sale of a short sale Ed!  Those can be quite difficult transactions but those needing to do a short sale should contact you, Ed Silva Connecticut Short Sale Expert!

Jan 05, 2014 12:03 AM #8
Rainmaker
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Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Ed, you have been having great luck with Wells on short sales...kudos to you and you are the short sale expert in middle CT!!

Jan 05, 2014 12:16 AM #9
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Ed Silva

Central CT Real Estate Broker Serving all equally
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