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!

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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October 9, 2018

Bridgeport, CT homeowner walks away from over $100,000 of negative equity in this Citibank – Bank of America short sale success!

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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July 24, 2018

Another Connecticut VA Compromise Sale success! Sellers walk away with over $60,000 of debt forgiveness!

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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June 18, 2018

Find out how this Hamden couple walked away from over $80,000 of negative equity in this Ocwen short sale success!

short sale approval stamp

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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April 25, 2018

A Connecticut FHA short sale success with Norcom – sellers forgiven of over $100,000 of excess mortgage debt!

couple holding sold sign

FHA short sales are always some of the most predictable. FHA has a fantastic short sale program that has some really great perks for sellers, such as full debt forgiveness and very clearly set guidelines.A few years after purchasing their home, these home owners fell on hard times and were now facing foreclosure.After many attempts […]

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