Tag Archives for " jumbo loan "
September 1, 2017
- in Short Sales by Minna Reid
Chase Bank forgives over $1,000,000 in this jumbo loan short sale!
Chase Bank forgives over $1,000,000 in this jumbo loan short sale! HOME SALE CHALLENGE: After 3 years of efforts to sell their Ridgefield, CT luxury home without success, these sellers were forced to face the fact their home was now worth about half of the $2 million they owed on it. After a business failure, the sellers […]
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August 28, 2017
- in Short Sales by Minna Reid
Short sale on a jumbo loan? Here’s what you need to know!
A jumbo mortgage is a home loan exceeding conforming loan limits, mainly used to buy high end property, or property in extremely expensive areas. Jumbo mortgages are common in Connecticut, especially Fairfield County.Have a jumbo loan and considering a short sale?If the balance on your jumbo mortgage is greater than the home’s value but you […]
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