Reid Real Estate Group is Connecticut’s leading short sale team. The Reid Group gets short sales approved and closed! Read up on our many recent short sale success stories. If you need assistance with a short sale in the area contact Minna Reid today for personalized advice!
Out of money and out of time!After years of struggling to keep up with his mortgage payments unsuccessfully, this Stratford homeowner decided it as time to cut his losses and attempt to avoid his upcoming foreclosure by pursuing a short sale. Challenges:Although FHA loans have very predictable, clean short sale process (FHA PFS), Freedom Mortgage can […]
Continue reading
Forbearance isn’t always the answer!Many Connecticut homeowners signed up for the Covid 19 forbearances that were widely offered during the shutdowns. But free rides don’t last forever, and eventually it always comes time to pay the piper!As their Covid forbearance came to an end, this CT couple decided to review their options. After several workouts […]
Continue reading
Upside down with no way out!After numerous failed attempts to sell their Ridgefield home, my clients were forced to accept that their property simply would not sell for the amount they needed to pay off their FHA mortgage. Like many of CT’s most expensive towns, Ridgefield has been experiencing a downward trend in home sale […]
Continue reading
Are you stuck with a crumbling foundation? Thousands of homeowners in northeast CT are struggling with foundations that are falling apart, and no one to take responsibility for the issue. While attempting to sell, these CT owners discovered they also had a problem with their foundation, which was found to be needing complete replacement, and the […]
Continue reading
Wells Fargo can be a challenging lender to work short sales with! See how this Stratford couple walked away from over $100,000 of bad mortgage debt in this Wells Fargo FHA short sale!After years of struggling to make it work with loan modifications, my sellers decided it was time to move on from their over-mortgaged home!Unfortunately, Wells Fargo wouldn’t […]
Continue reading
This Bridgeport, Connecticut seller had bought his waterfront home for $425,000 back in 2007 at the peak of the market. Many years of failed loan modification attempts later, his debt had ballooned to over $850,000! To make matters worse, the property was now also worth less than half of what he paid for it in […]
Continue reading
Short sales are usually never quick or easy, but once in while one surprises you! Find out how these West Haven homeowners went from upside down and struggling, to mortgage debt-free in just 4 quick months! After years of waiting fruitlessly for their home to appreciate so they could sell, my clients decided it was […]
Continue reading
After years of failed efforts to keep her home, and with less than 2 weeks away from her foreclosure law day, this Branford, CT homeowner reached out to me for a last minute attempt to avoid the foreclosure with a short sale.Short sales generally take 4-5 months or even longer at times so the clock […]
Continue reading
Divorce tends to get complicated, and many times jointly owned property can be a headache. Matters get even more difficult when the debts against the home exceed the homes value, and a traditional sale is just not possible.During the divorce the ex wife had moved out and signed a quit claim deed leaving her ownership […]
Continue reading
HUD Partial claims often lead to trouble, but there is still a way out! Find out how one seller walked away from over $40k of bad mortgage debt in this FHA short sale success with MB Financial Bank!When my seller first called me a few years ago, she had fallen behind on her FHA mortgage […]
Continue reading