September 1, 2017
When this Southington, CT family wanted to relocate out of Connecticut for a new employment opportunity down south, they found themselves with over $50,000 of negative equity and with no way to pay the difference. Determined to get down south and avoid foreclosure, they decided to contact Reid Real Estate Group and list the property as a short sale. The property
September 1, 2017
HOME SALE CHALLENGE:When this Milford, CT couple decided to part ways, they discovered they were over $50,000 in the hole on their jointly owned home, and lacked the funds to make up the shortfall. With few options, they decided a short sale with their lender Newtown Savings Bank was in their best interest to settle the debt
September 1, 2017
After purchasing a new home and moving in, these Middletown, Connecticut homeowners found themselves upside down in their old home and unable to sell. While many people hope they can rent out their homes while waiting for the market to recover, there a lot of drawbacks. In this case, renting was not the answer and a year later
September 1, 2017
The one predictable thing about short sales is that they are always unpredictable…even within the same lender. SPS is no exception. While one short sale with SPS may be a breeze, the next could be a nightmare. Unfortunately this was the latter. After struggling to modify their loan and hold onto their home, this North Branford couple had had enough and
August 31, 2017
The average short sale takes about 3-5 months…but there are always exceptions. Sometimes things get complicated or lenders get slow and once in a while it takes a year to reach the end of a short sale. This was one such case. Just after the turn of the new year, after many unsuccessful efforts at trying to
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