Minna Reid - Reid Real Estate Group - Blog
August 28, 2017

Will everyone know about my CT short sale?

SHORT SALE SIGN

Many of my Connecticut short sale clients are concerned that their home will be advertised as a short sale and the whole world will know about their unfortunate predicament. Foreclosures are lawsuits and as such they are public information and broadcast online and in newspapers. Short sales simply require approval from the lender as the lender has to agree to take a loss. A […]

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August 28, 2017

Waiting periods for getting a new mortgage after foreclosure, short sale, bankruptcy and deed in lieu of foreclosure

Even after losing or short selling a home, most folks will eventually want to own another home. While re-establishing credit and meeting other lending guidelines will be necessary, there are minimum waiting periods for getting new loans after significant negative credit events. Below are the timelines for new loans for Fannie Mae and Freddie Mac Conventional Conforming Mortgage […]

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August 28, 2017

7 KEY QUESTIONS TO ASK THE REALTOR YOU ARE CONSIDERING FOR YOUR SHORT SALE

WHAT TO ASK WHEN INTERVIEWING A REALTOR TO HANDLE YOUR SHORT SALE: How long have you been doing short sales? Short sales are highly complex transactions and very different from traditional real estate sales. Financial consequences for short sellers can be significant. It’s critical to have your short sale handled by a highly experienced professional. Most […]

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