October 20, 2023
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
September 5, 2023
CT MARKET REPORT 2023While home prices in CT have hit another record high on the tail end of the hot spring market, uncertainty looms ahead. CT Home Sale Prices hit another record high in 2023.July 2023 saw the highest median sale price ever on record – $385,000.While some other states have already started seeing year
August 28, 2023
FHA is the new subprime lender of the day, and will lead the wave of foreclosures to come. I hear a lot of arguments that loan quality is nothing like it was in the mid 2000’s and so another real estate crash like the last one is impossible, but the reality is, subprime lenders of yesterday
August 7, 2023
What is a lis pendens and what should I do when I get one?Lis pendens is a notice lenders use when they are starting a foreclosure suit. The lis pendens puts the public on notice that a lawsuit is pending and clouds the title so the property can’t easily be sold. If you’ve received a
July 17, 2023
Facing foreclosure? CHFA CAN HELP!Under the American Rescue Plan Act of 2021, Connecticut has been awarded approximately $123 million to establish MyHomeCT, a program funded by the Homeowner Assistance Fund. The goal of MyHomeCT is to cure mortgage delinquencies and defaults, and prevent foreclosures among eligible homeowners that occurred as a result of the COVID-19
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