Greater New Haven area short sale archives - Reid Real Estate Group

Category Archives for "Short Sales"

All about short sales! Considering a short sale in Connecticut?  Read up on short sales in CT – posts by Minna Reid, Connecticut’s leading short sale specialist and owner of Reid Real Estate Group. For advice on your short sale, talk to Minna Reid today!

September 3, 2020

Connecticut concrete cancer short sale success!

sold home concrete cancer

Are you stuck with a crumbling foundation? Thousands of homeowners in northeast CT are struggling with foundations that are falling apart, and no one to take responsibility for the issue.  While attempting to sell, these CT owners discovered they also had a problem with their foundation, which was found to be needing complete replacement, and the […]

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February 9, 2020

Stratford, CT short sale success with Wells Fargo!

Wells Fargo can be a challenging lender to work short sales with! See how this Stratford couple walked away from over $100,000 of bad mortgage debt in this Wells Fargo FHA short sale!After years of struggling to make it work with loan modifications, my sellers decided it was time to move on from their over-mortgaged home!Unfortunately, Wells Fargo wouldn’t […]

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October 11, 2019

Over $700,000 of bad mortgage debt fully forgiven in this Bridgeport short sale success with Ditech!

short sale approval stamp

This Bridgeport, Connecticut seller had bought his waterfront home for $425,000 back in 2007 at the peak of the market. Many years of failed loan modification attempts later, his debt had ballooned to over $850,000! To make matters worse, the property was now also worth less than half of what he paid for it in […]

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September 9, 2019

West Haven, CT sellers have over $40,000 forgiven in M&T Bank short sale success!

West haven short sale success with M&T bank

Short sales are usually never quick or easy, but once in while one surprises you! Find out how these West Haven homeowners went from upside down and struggling, to mortgage debt-free in just 4 quick months! After years of waiting fruitlessly for their home to appreciate so they could sell, my clients decided it was […]

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July 7, 2019

PROS AND CONS OF A CONNECTICUT SHORT SALE

Considering a Connecticut short sale?Find out the pros and cons of pursuing a short sale! Pros Get rid your over mortgaged home.  Eliminate high mortgage payments. Settle the mortgage debt with your lender. Avoid foreclosure. Pay no closing costs or commissions to sell. Possibly receive relocation as​​sistance. Cons Credit score will drop temporarily. You may […]

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Hamden, CT foreclosures and short sales JUMP in 2019!

cart carrying foreclosed homes and short sale homes

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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