Short Sale Success Story: Short Sale Provides Favorable Settlement on 1st and 2nd Liens when Husband Losses Job - Madison, CT

We negotiated this short sale and obtained a bank short sale approval for a house in Madison, CT. The owners bought this house as a primary residence in 2004 for $700,000 and obtained financing with two loans totaling for $560,000. About a year ago, the husband lost his job and the family had to cut down their expenses. Following after, the couple fell behind on the mortgage payments. The couple was on a route to foreclosure. I Short Sale, Inc negotiated the short sale for $475,000 with the 2^nd lien holder taking $38,000 out of a $123,000 loan while the 1^st lien was a full pay-off so the owners can sell the place and have a fresh start clean from no debt.

Call us 877-907-4678 or info@ishortsale.com

Lenders reference has been removed from the above to protect lenders' proprietary rights.