July 9, 2025
FHA Covid era mortgage workouts are finally ending!Over the past 5 years, FHA has been very busy offering workouts to non-paying homeowners, in order to keep them from facing foreclosure. After offering these up like candy for the last 5 years, even to homeowners that never asked for help, the free ride is finally over.
June 23, 2025
Connecticut short sales with a reverse mortgage (HECM)A reverse mortgage is a special home loan for homeowners aged 62 and older that lets them turn the home’s equity into cash without monthly payments. The borrower can receive the money as a lump sum, regular monthly income, or in flexible amounts as needed. The homeowner remains responsible
April 14, 2025
I want to just walk away from my upside down house. Can I just send the keys to the lender and let them have it? Unfortunately it’s just not that easy. Despite popular belief that you can just slip your keys in an envelope, mail them to your lender and then walk away from your
April 14, 2025
Can I walk away from my upside down CT home and just let the bank take it back?I frequently hear this question from homeowners – mostly from folks who feel they have no other options, or are simply exhausted from unsuccessful attempts at working things out with the lender. These folks mistakenly believe that simply
April 7, 2025
Short sales with Mr. Cooper!Considering a short sale and have Mr. Cooper as your loan servicer? Mr. Cooper has been buying up defaulted loans left and right, and currently has a pretty strong loss mitigation team in place to handle their Connecticut short sales. Mr. Cooper holds a lot of government backed loans – FHA and
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