Most common CT short sale questions and their answers - Minna Reid

Connecticut Short Sale Frequently Asked Questions

GET THE ANSWERS TO ALL YOUR CONNECTICUT SHORT SALE QUESTIONS HERE:

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Considering a short sale but wondering how the process works exactly? We've simplified the process here in our quick guide to understanding the short sale process from beginning to end!


Do you owe more than your home is worth and want to sell, but want to know if your situation qualifies for a short sale approval? You may be surprised!


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.


Should you short sell? Find out the advantages and disadvantages of short selling your Connecticut home.


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!


The lender is offering a loan modification, but is it right for you? Find out the ups and downs of mortgage modifications.


How do short sales affect credit scores? Will I ever be able to buy a house again? Will my score drop significantly?


Short sale timelines can vary widely but there are some general guidelines to keep in mind. Find out what they are!


Some people are in fact asked by their lender to pay into their short sale. Find out if you may be a target for a contribution!


How is a short sale any better than simply letting the home foreclose? What are the advantages?


It's not too late to stop your CT foreclosure! You have time, and you have options. Find out the 6 ways to stop your foreclosure today!


Find out what happens in a short sale when you have more than one mortgage.


There are tax consequences to a short sale. Find out the tax implications of a short sale and how to avoid them!


Are you getting divorced and need to make plans for a shared home with excessive mortgage debt? 4 things to keep in mind!


Need to sell but have federal tax liens that exceed the value of your home? You can still sell! Find out how!


Owe more on your jumbo loan than your home could sell for? Get the scoop on short selling with a jumbo loan!


Not only do short sales generally cost nothing, but some sellers even qualify for relocation assistance!


Choose wisely! Find out what questions to ask when trying to locate a real estate agent for your short sale.


You can usually get a new mortgage a few years after a short sale, or sometimes even sooner - get the details!


Sometimes short sales get rejected, but it's not the end! Find out why your short sale got declined, and what you can do to get back on track!


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?


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+++

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!