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!
What do you have to gain by short selling? The top 5 benefits of a short sale over a foreclosure:Avoid the stress of falling behind and losing your home to foreclosure.A foreclosure can be mentally and emotionally draining and publicly humiliating. A short sale will help you stop foreclosure, and move on with your life […]
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Wells Fargo can be a challenging lender to work short sales with, but sometimes you get lucky! See how our South Windsor, CT short seller walked away from over $50,000 of bad mortgage debt in this Wells Fargo FHA short sale!After years of struggles with loan modification attempts, our seller decided it was time for […]
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Like many others, this Naugatuck homeowner was forced to relocate for work and unable to sell his home for what he owed. He decided to rent out the home while he waited for the market to recover, but several years later he was tired of dealing with the headaches of being a landlord, and his […]
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The name has changed, but not much else. If facing the prospect of a short sale, here is what you can expect from Mr. Cooper, the new name for the same old lender once known as Nationstar.The Connecticut short sale process with Mr. Cooper:Our first goal with any new client is the same: To understand […]
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During the height of the market, many purchased multi-family properties meant to serve as an investment in their future. Unfortunately, with home prices at their peak, these “investments” often proved to be the opposite…10 years after purchasing a Bridgeport, CT multi-family home, this seller found himself with a property worth less than half of what […]
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Often in a divorce situation, one spouse will move out of the home and deed over their rights to the home to the other, otherwise known as a quit claim deed. Usually the remaining spouse assumes responsibility for paying on the existing mortgage, even when both are named on the mortgage.Does this release the departing […]
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Short sales are usually never anything but short….but once in a while you get lucky! See how this CT couple avoided foreclosure and walked away from their upside down mortgage with Chase in just 2 quick months!When my sellers first reached out to me, they had been trying unsuccessfully to work things out with Chase […]
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A short sale is the process by which a home is sold for less than is owed on the mortgage to the property. The seller receives no proceeds and the lender agrees to take loss on the mortgage. Preparing a short sale home to go on market requires a different approach as a traditional for-profit […]
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Wells Fargo can be a challenging lender to work short sales with, even with VA loans which have a very predictable short sale process. Find out how this Connecticut couple successfully short sold their home and got over $60,000 forgiven in this VA short sale success!When these Connecticut homeowners were forced to relocate out of […]
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It can be nerve-wracking to fall behind on mortgage payments, especially when you know your mortgage debt exceeds what the home could sell for. Foreclosure seems inevitable! Although there are several ways to avoid CT foreclosure, the whole process can seem overwhelming and scary. Find out how this Hamden, CT couple avoided foreclosure and walked away […]
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