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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 […]
Continue readingNaugatuck, Connecticut real estate prices have been recovering since 2014 when home sales prices bottomed out. The last few years of increasing buyer demand, coupled with decreasing home inventory have led to homes selling faster and prices finally moving upward statewide. Naugatuck prices have gained quick speed over the last few years, reaching a 9 […]
Continue readingNaugatuck, CT, 06770 , is a charming town in New Haven county. Settled in 1701 as a farming community in rural western Connecticut, Naugatuck was later transformed into a mill town as the industrial revolution commenced. Modern day Naugatuck is a bedroom community with the peaceful Naugatuck river flowing through it. The town spans both […]
Continue readingHOME SALE CHALLENGE:After an employment change and several unsuccessful attempts at modifying her loan, our Naugatuck homeowner found herself unable to pay her mortgages and with no equity to sell, she realized her only option was to pursue a short sale.REID REAL ESTATE GROUP APPROACH:Our seller had two loans on the property – one with BOA and another with SLS. While […]
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