August 28, 2017
Many of my Connecticut short sale clients are concerned that their home will be advertised as a short sale and the whole world will know about their unfortunate predicament. Foreclosures are lawsuits and as such they are public information and broadcast online and in newspapers. Short sales simply require approval from the lender as the lender has to agree to take a loss. A
August 28, 2017
Even after losing or short selling a home, most folks will eventually want to own another home. While re-establishing credit and meeting other lending guidelines will be necessary, there are minimum waiting periods for getting new loans after significant negative credit events. Below are the timelines for new loans for Fannie Mae and Freddie Mac Conventional Conforming Mortgage
August 28, 2017
Short sales can be daunting, and your best bet for a smooth transaction is to get just the right help! Very few Realtors actually understand the short sale process or have a lot of experience with them, so ask the right questions!WHAT TO ASK WHEN INTERVIEWING A REALTOR TO HANDLE YOUR SHORT SALE: How long have
August 28, 2017
Seller relocation incentives in short sales have become more popular in the last few years. As a condition of any short sale approval, the lender will usually require the seller have no proceeds from the sale. However – there are a few instances where the seller can in fact be paid an incentive from a short
August 28, 2017
A jumbo mortgage is a home loan exceeding conforming loan limits, mainly used to buy high end property, or property in extremely expensive areas. Jumbo mortgages are common in Connecticut, especially Fairfield County.Have a jumbo loan and considering a short sale?If the balance on your jumbo mortgage is greater than the home’s value but you
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