May 9, 2026
FHA and VA mortgage defaults soar in 2026!Endless FHA and VA loan workout program offerings during and post Covid kept the foreclosures at bay for the last 6 years, but eventually the bills come due! As Covid era mortgage rescue programs have finally sunset and policy changes have come into effect, common sense has returned
February 16, 2026
January 13, 2026
What is a deficiency judgment? Connecticut is a recourse state. This means the lender that suffers a shortage in a foreclosure has the right to pursue a deficiency judgment from the borrower. They can and sometimes do sue the homeowner for the losses they have suffered and will move to collect these funds. You will
January 13, 2026
FHA short sales explained! If you have an FHA mortgage your loan is insured by HUD. HUD has their own short sale program known as the FHA PFS (Pre-Foreclosure Sale) program. The FHA PFS Program was originally introduced in the 1990’s to help homeowners in default with FHA mortgages avoid foreclosure and free them of
September 29, 2025
4 TIPS FOR DEALING WITH YOUR UNDERWATER MORTGAGE DURING A DIVORCE Many of our short sale clients here at Reid Real Estate Group are in the process of a divorce or have already divorced but still own property together. Often the family home needs to be sold during this difficult and emotional time, made even more so when the home is worth
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