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

WILL I OWE MONEY AFTER A SHORT SALE?

banks

One of the most common concerns my sellers have is whether they will owe money after their short sales are closed. While Connecticut allows lenders to pursue borrowers for deficiencies when properties end up in foreclosure, short sales are a different story. Short sales give sellers the opportunity to avoid foreclosure by selling for less than what is owed, and […]

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August 27, 2017

Another CT short sale with Nationstar and Ditech!

Short sale sold SIGN

When I first spoke with my Connecticut sellers and they described their situation, I thought they may have a hard rough ahead with their short sale. However, they desperately wanted to move out of town and had significant negative equity and were willing to do whatever it took.Fortunately, sometimes I am pleasantly surprised by how […]

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