Need To Sell But Owe More Than Your Connecticut Home Is Worth?
Sell your underwater home, avoid foreclosure, and settle your mortgage debt with experienced Connecticut Short Sale Realtors!
We've been CT's #1 Short Sale Team since 2010! Sit back and let us handle the details!
GET YOUR FREE SHORT SALE EVALUATION NOW!
100+ 5 Star Reviews!
Connecticut Short Sale Help for Homeowners Who Owe More Than Their Home Is Worth.
You're not alone. Thousands of Connecticut homeowners have faced this situation, and there are often more options than you may realize.
WHAT IS A SHORT SALE EXACTLY?
A short sale is the process by which your home is sold for less than the total amount owed on the mortgage loans secured by the property. Here at Reid Real Estate Group, we specialize in short sales in CT! We provide a full service solution, from listing your home to getting your short sale approved and closed! Nearly 100% of the time, there are no out of pocket costs to the seller. A successful short sale allows for forgiveness of the remaining mortgage debt, and some sellers even receive relocation assistance.
MINNA REID, BROKER-OWNER OF REID REAL ESTATE GROUP: CONNECTICUT'S #1 SHORT SALE REALTOR SINCE 2010!
FIND OUT IF YOU QUALIFY FOR A SHORT SALE!
DO YOU QUALIFY FOR A SHORT SALE?
- Do you owe more than your home is worth and need to sell?
- Are you falling behind on your mortgage payments and/or facing foreclosure?
- Have you been denied or failed a loan modification?
- Is your forbearance over, but you lack the funds to get back on track?
- Have you been caught in a housing market downturn and lost your equity?
- Are you considering walking away but wish to avoid the repercussions of a foreclosure and deficiency judgment?
- Are you facing a current or future financial hardship such as employment relocation, divorce, retirement, or layoff?
If these describe your situation, a short sale may be an option for you.
FIND OUT MORE ABOUT QUALIFYING FOR A SHORT SALE.
We get Connecticut short sales approved and have helped hundreds of local CT sellers walk away from their upside-down homes debt-free. Short sales are complex and require expert help. Reid Real Estate Group specializes in short sales and has been CT's #1 short sale team since 2010!
FREE SHORT SALE SURVIVAL GUIDE!
A STEP BY STEP MANUAL FOR GETTING THROUGH THE SHORT SALE PROCESS!
HOW DOES IT WORK? THE SHORT SALE PROCESS IN 5 QUICK STEPS:
CONNECTICUT SHORT SALE FAQ:
If there's no equity in the home, how do the real estate commissions and other closing costs get paid in a short sale situation?
To pay or not to pay? Find out the pros and cons of making mortgage payments during a short sale.
What happens to the extra debt in a short sale? Will you still have to pay it? Find out what happens to the remaining mortgage balance!
How do short sales affect credit scores? Will I ever be able to buy a house again? Will my score drop significantly?
How is a short sale any better than simply letting the home foreclose? What are the advantages?
Not only do short sales generally cost nothing, but some sellers even qualify for relocation assistance!
You can usually get a new mortgage a few years after a short sale, or sometimes even sooner - get the details!
Can I just give the keys back to the lender and walk away from the home?
What repercussions will I face if I just stop paying, walk away and let my Connecticut home foreclose?
Have more short sale questions? We have the answers!
If you are looking for a short sale specialist, look no further. Minna IS the real deal. At first I was skeptical of the thought of short selling our home and the ultimate plan was strategic default, until my wife convinced me to contact a realtor. I came across Minna via searching the web, left her a message, and within minutes she had contacted me. The rest, folks, is history. You will never find another agent as knowledgeable and compassionate about the business of short sales. Her persistence truly paid off in the end, and I will never forget her aggressiveness towards the banks. She is for the little guy, and will do whatever it takes. You need someone like that in your team or you will NOT have a short sale. PERIOD Highly recommended in our books!! A+++
WHAT WILL A SHORT SALE COST ME?
If there's no equity in the home, how do realtors get paid commissions in a short sale?
You know what my favorite part of every short sale appointment is? It's when the seller asks me what my services will cost them, and I get to tell them...DON'T WORRY ABOUT IT!
Nearly 100% of the time short sellers have no out of pocket costs in a short sale! Closing costs are paid out of the proceeds of the sale.
I want to thank you again for taking care of everything, I received stacks of letters from the two mortgage companies with threats and pleads for me to contact them and I ignored it and left everything in your worthy hands. The other realtor at the closing said that he was worried because usually short sales don't work out, and that this is his first successful one. I told him that I found you on google and I was told that you are the best in the state for short sales, and that you proved that to be true. A huge burden has definitely been lifted and all of the credit goes to you. Thanks again!
Short Sale Lenders/Servicers/Investors/Programs we have experience with:
AHMSI, AIM, Amerihome, ASC, Aurora, Bank of America, Bank United, Bayview Loan Servicing, Carrington, CCM, Cenlar, Chase, CHFA, CHIF, Citimortgage, Countrywide, CrossCountry, Dime Savings Bank, Ditech, Fifth Third Bank, Freedom Mortgage, GMAC, Greentree, Guaranty Bank, Guild, HFC, Home Point, HomeBridge, HomEq, HSBC, IBM LBPS (Lender Business Process Services), IndyMac, Lakeview Loan Servicing, Liberty Bank, Litton Loan Servicing, LoanCare, M&T Bank, McCue Mortgage, Merrimack, MorEquity, Mr. Cooper, Nationstar, Newrez, Norcom, OCWEN, One West Bank, PennyMac, PHH Mortgage Services, Planet Home, Provident, Rocket Mortgage, Savings Institute, Seterus, SLS, Sovereign, SPS, TD Bank, Vericrest, Webster Bank, Wells Fargo, Windsor Federal. Loans with all major investors including Fannie Mae, Freddie Mac, FHA, VA, USDA, Private Labels/Investors.
FIND OUT HOW WE CAN HELP YOU!
RECENT POSTS ABOUT CT SHORT SALES:
Whatever words I use in this review won't do Minna justice. She did an absolutely phenomenal job as our agent and shepherded us through the tricky ins and outs of a short sale. Finding a buyer wasn't too hard, but the process with our mortgage lenders was. These transactions are not for the faint of heart, but I always knew we were in good hands.
Probably the most important quality for a real estate professional in my opinion is accessibility. Minna always answered our emails, texts and calls. I tried not to abuse the privilege by bombarding her, but even during non-working hours, she was always patient. Kind of related to accessibility is flexibility, and she came to our home late in the evening to accommodate my schedule & my wife's schedule as well.
Two other qualities I value highly are integrity and accountability. Towards the end of our odyssey, there was a misunderstanding between us and the seller about an appliance. I emailed Minna about it, and chatted with our Attorney as well. As it turned out, the mistake was essentially mine yet Minna still offered to chip in if it ended up costing us anything. She did not have to do that, and could have easily shrugged her shoulders and put the ball in my court. That gesture spoke volumes to me about the kind of person and professional she is. As it turned out, our attorney who Minna referred to us did an equally phenomenal job and it didn't end up being an issue. The thing to take from this is you can completely put your trust in Minna.
In closing, she did something I didn't think was possible. We had to relocate for family reasons, and we were substantially underwater. I didn't think there was any way it would happen for us, but she never gave up. When the banks hemmed or hawed, she kept after them. When one of the lenders issued an initial denial, she demanded an explanation and reopened our submission. In the end, both lenders accepted short payoffs and our family was able to make that move. In my profession, I deal with many real estate agents and sadly, I see many who quite literally "mail it in", and sometimes for astronomical commissions. Minna worked harder than any other real estate agent I've ever seen. I strongly recommend her as a real estate agent, especially if you are considering a short sale.