The Bittersweet Lightning Fast CitiMortgage Short Sale Approval
By Jessica Sulliman, CDPE, SFR, Queen Creek Real Estate 602-677-7977
(Garrette Custom Homes)
CitiMortgage Short Sale Approval My jaw dropped this morning when I opened my email to see an approval letter for this short sale.....it only took THREE weeks!!! This is rare, as most short sales take 60 days to 6+months. We should be THRILLED that it only took three weeks, right? Well, normally we would be BUT: Amazingly we are on our second buyer and may need to move onto another as the Buyer was counting on the typical 3-4 month approval timeline to save up some $$$!! Plus, we've gotten used to all the sign calls we reap from extended short sales. BUT OTHERWISE, YES, we are DEFINITELY doing a happy dance! Yes, Folks, it REALLY CAN HAPPEN! Property location: Gilbert, AZ Hardship: Job Loss, Relocation Lender(s): One Fannie Mae Loan with CitiMortgage. Purchase Price: $146k with 3% se...
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