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!

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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March 12, 2019

See what this West Haven, CT seller had to say about his short sale with Mr. Cooper!

quote-left ​I cannot honestly find the right words to express the amazing job that Minna, Jaime, and the entire group did for me. Making the decision to go through a short sale process is daunting, to say the least, but Minna and her team somehow found a way to take all of the stress out […]

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February 8, 2019

Top 5 Benefits of Short Selling

lady holding short sale sign

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 […]

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November 8, 2018

Naugatuck CT Short Sale Success: Man sells home for $50k less than the mortgage amount and walks away debt free!

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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