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
May 13, 2023
Can I sell my CT house while in pre-foreclosure?YES! You have until the day your home forecloses to sell it and stop foreclosure!Until the lender completes the foreclosure and gains title of your Connecticut home, you are the legal owner and can do what you like with the property, including selling it. The Connecticut foreclosure
March 22, 2023
FHA extends covid 19 era loss mitigation offerings and expands foreclosure protections to all high risk borrowers. (FHA) announced in Mortgagee Letter 2023-02 that it is expanding loss mitigation options created during the COVID-19 pandemic to help all homeowners with FHA loans avoid foreclosure.Per Julia Gordon: “FHA’s COVID-19 forbearances and streamlined COVID-19 loss mitigation options have successfully
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