September 8, 2017
Did you know that less than half of all listed short sales in CT actually close? Sad, isn’t it? Seeing as most short sellers are highly motivated to sell, it is rarely the sellers choice simply to “take the home off market”….so somehow more than half of all short sales fail to sell at all
September 7, 2017
A lot of my CT short sale clients have either considered a loan modification or been turned down for one by the time they have made the decision to short sell. In a loan modification the lender makes permanent changes to the terms of your mortgage resulting in a more affordable payment. Keep in mind that while a modification will reduce
September 7, 2017
One of the most frequent questions I hear involves a contemplated short sale where only one spouse is on the loan and the couple is worried about how the other spouses credit will be affected. Common concerns are: Will both spouses income be considered during the short sale? Will the other spouse will suffer credit damage as
September 7, 2017
Most short sellers eventually want to buy homes again, and I am frequently asked how long this will take. While there are some exceptions allowing for a shorter waiting period – 3 years is generally the amount of time you will need to plan to be a renter after your short sale. Even if credit scores may bounce
September 7, 2017
Ditech has quickly become one of my favorite lenders to work short sales with. Their process is smooth, the negotiators are responsive and I can almost always count on a quick short sale approval. This Bridgeport, CT short sale was no exception!HOME SALE CHALLENGE: Renting out over-leveraged property because it can’t sell to clear the mortgage
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