June 11, 2024

Norcom short sale success with FHA and CHFA!

Another Norcom short sale success!FHA loan holders have been in some turbulent times lately, with many falling behind and seeking help to avoid foreclosure.FHA has responded by introducing a lot of new workout options including 40 year loan mods and streamline short sales.When my clients job was eliminated he soon started falling behind on the

December 28, 2023

Short Sales

FHA short sale success with PennyMac!

Find out how this seller walked away from her upside down FHA mortgage with Pennymac!Pennymac is a mortgage servicer that holds a lot of FHA mortgages. The last few years of FHA forbearances, loan modifications and HUD partial claims has left a lot of folks with FHA loans in trouble and owing more than their

December 18, 2023

Foreclosure, Short Sales

In trouble with your FHA loan? There’s never been a better time to short sell!

fha HAS SUSPENDED ALL STANDARD SHORT sale PROGRAMS THROUGH aPRIL 2025 IN FAVOR OF THE COVID 19 Streamline Short Sale!FHA has always offered a short sale program ( FHA Pre-foreclosure Sale), which had a standard process, including financial documentation. Effective 2023, FHA suspended their standard short sale process, in favor of the Streamline COVID-19 short sale which

October 24, 2023

Foreclosure

FHA loan workouts have increased 500% since COVID 19!

FHA LOAN WORKOUTS QUINTUPLE DURING LOWEST MORTGAGE DELINQUENCY RATE ON RECORDIt doesn’t seem to make sense, but it is true. While delinquency rates have hit record lows in the last few years, FHA has managed to quintuple its loan workouts during the same time. FHA LOAN WORKOUTS GROW BY 500% SINCE 2019Over a million mortgages

October 20, 2023

Foreclosure, Short Sales

What’s the real cost of your loan workout?

Is your lender offering you a loan workout to help lower your payment, or bring the loan current? Forbearance, loan modifications and HUD partial claims are all considered loan workouts to help you stay in your home.But what’s the real cost of these loan workouts?The answer is usually ALL YOUR EQUITY.That’s right! Unfortunately there really

Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]

First

Last

about the author

Minna Reid is the Broker-Owner of Reid Real Estate Group, serving CT & FL, specializing in foreclosure prevention and short sales.

CONTACT ME

Call or Text: 860.416.1255

testimonials

          
   Johnny 
 2024-04-18
 
 
   Great Realtor to work with A+++ Service, Communication and wonderful to work with very knowledgeable highly recommended if you need a Realtor.
  
 
 
       
   Weverton Schuab 
 2024-01-29
 
 
   It was a pleasure working with Minna and her team. From the beginning to end, she was there to guide me in the right direction. She does what is best for her clients and will go above and beyond to make sure the whole process is as smooth and it can be. I can't thank her enough for all her help and guidance during the sale of my property.
  
 
 
       
   Lin Belliveau Music LLC 
 2023-02-06
 
 
   I am so happy with Minna Reid and all the staff at Reid Real Estate Group. I had a difficult issue with having to short sell my house. I had no clue what to do or what needed to be done.
Minna took care of all that needed to be done. When she said she would take of something, it was done. Minna helped me every step of the way with patience and kindness. I recommend Real Estate Group to anyone that real estate needs.
  
 
 
       
   Katie Stevenson 
 2022-10-06
 
 
   Minna was such a wonderful asset to have on my side while selling my home!   She worked very hard on my behalf during a difficult transaction and got me everything I needed and wanted.   Minna is patient, kind and VERY good at her job!    A true pro!
  
 
 
       
   Kelly Turnage 
 2022-04-24
 
 
   Minna Reid was just who I needed to help me sell my home. She is highly experienced and knows exactly what must be done in order to sell a home facing foreclosure. Minna is diligent and knowledgable when dealing with the bank which are skills that not every realtor has. My only regret is that I did not find her sooner!
  
 
 
       
   Dan Ling 
 2021-04-29
 
 
   Minna has been a fantastic partner in selling our home. She was patient with us in explaining the differences between a short sale and conventional sale and helped us think through the pros and cons of each. During the process of the sale she was strategic and got us the best price for our sale. The process was painless and quick and every step of the way she managed each and every detail flawlessly.
  
 
 
       
   Sarah Woodbury 
 2020-09-13
 
 
   I reached out to Minna when we were first considering a short sale. I didn’t know much about the process or how it worked so naturally I had a ton of questions. She answered all of my questions as well as explained the process in detail so I would know exactly what to expect. Several months later, we kicked off the sale. I had heard so many horror stories about what can go wrong in a short sale so I was very uneasy. With Minna’s expertise the process was so much smoother than I could have ever anticipated! It was just over three months from the time we listed to closing (which is fast for a short sale)!  Minna’s responsiveness and dedication along the way was a huge asset!! It’s because of her that our family is able to put the past behind us and move on to bigger and better things! I highly recommend her!
  
 
 
       
   Sarah 
 2020-04-01
 
 
   We highly recommend Minna Reid Real Estate Group.  Minna was a pleasure to work with, professional, and quick to answer and respond to our questions. Minna was knowledgeable regarding our difficult sale and she made the process incredibly easy for us.Thank you Minna!
  
 
 
  
  Load more

Reid Real Estate Group's Blog

Norcom short sale success with FHA and CHFA!

FHA short sale success with PennyMac!

In trouble with your FHA loan? There’s never been a better time to short sell!

FHA loan workouts have increased 500% since COVID 19!

What’s the real cost of your loan workout?