YOU STILL HAVE TIME AND YOU HAVE OPTIONS!

Stop foreclosure today! Knowing your options and taking action quickly  is the key to resolving this situation and moving on gracefully past this difficult time. We specialize in helping CT homeowners stop foreclosure, sell their home, and get their mortgage debts resolved.


In the past decade, we have helped hundreds of our CT clients avoid foreclosure and we can help you!
wevschuab13
2024-01-29
It was a pleasure working with Minna and her team. From the beginning to end, she was there to guide me in the right direction. She does what is best for her clients and will go above and beyond to make sure the whole process is as smooth and it can be. I can't thank her enough for all her help and guidance during the sale of my property.
Melissa Case
2023-09-07
Responsiveness. Peace of mind. The feeling that, once and for all, everything was going to be OK. I got all these things and more the first time I spoke with Minna Reid. I was dealing with a home sale that, at first, had seemed uncomplicated and simple, but then was anything but. I needed help, and I needed it badly. From that first moment, Minna jumped immediately into action. She was thorough in her explanation of the things we needed to do and why, and took charge of the whole situation. I was able to take a breath and unclench my shoulders for the first time in weeks. I needed solutions, and she had them. I could not have asked for a better, stronger advocate. On top of that, she’s funny, personable, and knows how to relate to people (this is helpful not just when dealing with stressed-out clients—ME—but also with attorneys, other REALTORS, and difficult buyers). If you have a tricky home sale situation, I could not recommend Minna highly enough. And she was right: she said everything would be OK, and it was.
Kelly Turnage
2022-04-23
I was about to give up and just turn my back on my home and walk away. However, I found Minna and she was a lifesaver! Other realtors tried to help me but made the situation worse and wasted my time. If you are in the unfortunate place of having to short sale your home, then you know it can be embarrassing and difficult, especially if you don't have real estate experience. Minna knew exactly what to do, and was very professional, knowledgeable, and, kind. Minna was on my side and handled all the challenges we faced with selling a house that at times seemed like it didn't want to be sold! I appreciate Minna and know that you will love her.
Tony Guglielmi
2022-03-01
We are grateful to Minna for her knowledge, professionalism and expertise in shortsales. She truly cares about her clients and it is evident in the manner she represents them. She has a strong work ethic and keen negotiation skills when dealing with financial institutions and buyers. We strongly recommend Minna and her company if u want immediate results.
Elizabeth Smith
2021-10-17
I inherited my father's head and was completely in over my head. Minna was amazing in getting things straightened out with the mortgage company (which had been giving me issues for years) and was so responsive to my emails. I had a lot of questions, as this was my first time going through the selling process, and she was able to answer them all quickly. The selling process was so much easier than I expected it to be, thanks to Minna and her team!
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2021-07-31
My husband and I worked with Minna to sell my father-in laws house after my father-in law-died. Minna is highly knowledgeable in regards to selling estate properties. She took the time to explain the process to us and she was very responsive to our needs. Minna was also highly motived to assist us in selling the house quickly. We listened to Minna’s advice in regards to selling the house (during the bidding process) and the house sold for well over what we expected. My experience with Minna was very positive and I highly recommend her to anyone who is looking to sell a property. Thanks again for everything Minna!
DanLing8
2021-04-29
Minna has been a fantastic partner in selling our home. She was patient with us in explaining the differences between a short sale and conventional sale and helped us think through the pros and cons of each. During the process of the sale she was strategic and got us the best price for our sale. The process was painless and quick and every step of the way she managed each and every detail flawlessly.
Anthony DeLuca
2021-02-23
Minna helped witha dificult short sale. It was a process that went on for several months. Minna was professional and attentitive to the process. She worked diligently with the bank to get the deal done. I don't think we could have done it without her!
Marcin Rafalowicz
2020-12-10
Minna was the best thing that happened to us in a very long time. We’ve been planning on moving from on house and on with our lives and the house was simply an anchor. We’ve had two liens on the house that would take a long time to cure and we were forced to sell the house to settle with the bank. I’ve looked around for someone who specializes in short sales, not just an agent that did 2-3. The process took a while, but Minna was super persistent, and her strategic approach was close to none. We have lost two buyers, got a push backs from the back and lean holders and she was able to stay on top of it and at the same time, she kept us afloat emotionally. Because of her, we were able to leave CT and move to FL where we are currently waiting for our new place. Warm thank you to Minna and her team for doing what they do best. Marcin with family.
Sarah Woodbury
2020-09-13
I reached out to Minna when we were first considering a short sale. I didn’t know much about the process or how it worked so naturally I had a ton of questions. She answered all of my questions as well as explained the process in detail so I would know exactly what to expect. Several months later, we kicked off the sale. I had heard so many horror stories about what can go wrong in a short sale so I was very uneasy. With Minna’s expertise the process was so much smoother than I could have ever anticipated! It was just over three months from the time we listed to closing (which is fast for a short sale)! Minna’s responsiveness and dedication along the way was a huge asset!! It’s because of her that our family is able to put the past behind us and move on to bigger and better things! I highly recommend her!

HOW TO STOP THE FORECLOSURE PROCESS TODAY!

REINSTATE YOUR MORTGAGE...

After a few missed payments your lender will no longer accept a single monthly payment, but you have up until the foreclosure law day to bring the loan current. Partial payments won’t be accepted, but you have the option to avoid foreclosure and bring the loan current by paying all the back payments, late fees and legal fees in one lump sum. 

LOAN MODIFICATION OR FORBEARANCE...

loan modification is a permanent change to your mortgage that may lower your payments and the delinquent payments may be added to the mortgage balance. You may or may not qualify for a loan modification and the process can be difficult and time consuming, but it is an option if you want to stay in the house and stop the foreclosure. In a forbearance the lender agrees to reduce or suspend mortgage payments for a certain period of time, after which you resume making your normal monthly payments along with an additional amount to catch up, or by entering into a loan modification.

 
should i modify my loan

REFINANCE...

Keep in mind it is almost impossible to arrange new financing when you’re already in default on your existing mortgage. Refinancing will depend on your income, credit report, value of your home and the amount of your mortgage. If you’re not sure of the value of your home, contact me. I will be happy to help and I can usually give you a pretty good estimate right away with just some basic information.

BANKRUPTCY...

If your financial situation has improved or will shortly, filing bankruptcy will halt your foreclosure proceedings temporarily. Unfortunately, a few months later you would be back to square one. You may also want to note that filing bankruptcy does not change ownership of the home and it will still belong to you. The lender would still have to foreclose to take back title to the home, leaving you with not just a bankruptcy but also a foreclosure.

SELL OR SHORT SELL YOUR HOME...

If you have recently been served with a foreclosure lawsuit you still have enough time to sell your home.  We can help you sell your home quickly and if you have no equity, we can negotiate a short sale for you. A short sale allows you to avoid foreclosure, sell your home for less than you owe, and have your remaining mortgage debt forgiven. Some of our clients even receive relocation assistance from their lenders. Furthermore, all the seller associated costs of the short sale are generally paid out of the proceeds by your lender, making this option FREE to you.

ct short sales

DEED IN LIEU OF FORECLOSURE...

A deed in lieu of foreclosure is basically a voluntary foreclosure. You would have to apply and be approved by your lender for this option and a deed in lieu is not generally available if you have more than one loan on your property. As lenders prefer other workout options, even if you do qualify for a deed in lieu, the lender may first require that you attempt to modify the loan or sell the home. 


WHAT IF I JUST WALK AWAY AND LET THE HOUSE FORECLOSE?

By far, your worst option! Many folks feel they should just walk away, but foreclosure has very serious consequences.  Foreclosure can easily take a year or longer, and CT is a recourse state. That means your debt doesn’t just disappear with the home. A lender that suffers losses in a foreclosure has the right to file a deficiency judgment against you and pursue you for the remaining debt. A foreclosure is just the beginning of a new and larger set of problems.

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The group at Reid left a long lasting positive impression on me and my family. We were in a difficult position, facing a very scary sales scenario. Minna and Jaime walked us through every aspect of the process in a way that was very informative and comforting. I cannot thank them enough or recommend them highly enough. They were fantastic!

aRTHUR

Minna and Jaime made my short sale a breeze. I was worried going into a short sale that it was going to be an impossible task. Their expertise got my property sold in only 3 months. They were able to handle everything, making efficient use of electronic documents and signatures, while I left the property and moved across the country.

MICHAEL