Category Archives for "Foreclosure"
All about the Connecticut foreclosure. Learn about the process and alternatives to foreclosure.
January 21, 2020
- in Foreclosure , Short Sales by Minna Reid
I am behind on my mortgage payments. Should I modify my loan?
If you’ve fallen behind on your mortgage payments, your lender may be offering you the chance apply for a loan modification. 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 mortgage modification will reduce your payment, it […]
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May 21, 2019
- in Foreclosure , Short Sales by Minna Reid
JUST 4 WEEKS FROM FACING FORECLOSURE TO SHORT SALE SUCCESS!
After years of failed efforts to keep her home, and with less than 2 weeks away from her foreclosure law day, this Branford, CT homeowner reached out to me for a last minute attempt to avoid the foreclosure with a short sale.Short sales generally take 4-5 months or even longer at times so the clock […]
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May 8, 2019
Hamden, CT foreclosures and short sales JUMP in 2019!
Hamden, CT Distress Market Report 2019Despite several years of gains in the marketplace, Hamden year to date home sales show a massive increase in the rates of foreclosed homes and short sales. After dropping down to an 8 year low of 14% of all homes sold, The current rate of distress sales is currently at […]
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February 4, 2019
- in Foreclosure by Minna Reid
I am in foreclosure! How long do I have to sell my home?
Facing foreclosure can be a very stressful time, but the good news is, here in Connecticut, time is on your side! The Connecticut foreclosure process can take months or in some cases – years. As a homeowner, you have many options to avoid foreclosure. If you’ve run into financial trouble, the earlier you take action – the […]
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January 11, 2019
- in Foreclosure by Minna Reid
YOUR OPTIONS WHEN FACING CONNECTICUT FORECLOSURE
Facing a looming foreclosure can be a terrifying prospect, but you have options! Facing a looming foreclosure can be a terrifying prospect, but you have options! Knowing what they are and taking action is the key to resolving this situation and moving on gracefully Knowing your options and taking action quickly is the key to […]
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November 27, 2018
- in Foreclosure by Minna Reid
Facing foreclosure in Connecticut? Help yourself with mediation!
Being served with a foreclosure suit can be scary and overwhelming, but don’t despair! You have time, and you have options, but applying for mediation is a must! Connecticut offers a free foreclosure mediation program!If the home being foreclosed on is your primary residence, you are likely eligible for this free program. In mediation a neutral […]
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November 29, 2017
- in Foreclosure by Minna Reid
Can my lender kick me out of my home if I fall behind on the payments?
How long you have until you have to move out when facing foreclosure in Connecticut.Facing foreclosure can be daunting and terrifying! Many homeowners who have fallen behind wonder how long they have to remain in the home. Some even pack up and move out in anticipation, and often unnecessarily so!IF YOU HAVE JUST FALLEN BEHIND […]
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September 7, 2017
- in Foreclosure by Minna Reid
What happens if I simply walk away from my CT home?
I frequently hear this question from homeowners – mostly from folks who feel they have no other options, or are simply exhausted from unsuccessful attempts at working things out with the lender. These folks mistakenly believe that simply “letting the home foreclose” is the end of their problems with their mortgage.Unfortunately, letting any CT home foreclose is […]
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September 6, 2017
- in Foreclosure , Home Buying by Minna Reid
101 WAYS TO SAY BANK OWNED HOME!
A quick guide to understanding the most common types of foreclosed homes for sale:HUD: HUD homes are homes that have been foreclosed on and now belong to the U.S. Department of Housing and Urban Development – these are generally homes that were once financed via FHA, VA and USDA loan products . These homes are listed on […]
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September 6, 2017
- in Foreclosure , Home Buying by Minna Reid
How can I buy a house I found that is in foreclosure?
At least a few times a week I get an inquiry from a would-be homebuyer who has found a Connecticut house in foreclosure on Zillow or some other foreclosure site. They want to purchase the house, and they want to know how they can do it or request my help in doing so. There are a few […]
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