Why are FHA and VA foreclosures increasing?

FHA and VA foreclosures are increasing due to rising mortgage delinquencies, inflation, higher living costs, and the expiration of foreclosure protections for some government-backed loans.

Can I sell my Connecticut home before foreclosure?

Yes. Connecticut homeowners facing foreclosure can often sell their property before foreclosure is finalized. A short sale may help avoid foreclosure and reduce long-term credit damage.

What is a VA compromise sale?

A VA compromise sale is the VA’s version of a short sale. It allows eligible homeowners to sell a property for less than the mortgage balance with lender approval to avoid foreclosure.

Can FHA homeowners qualify for a short sale?

Yes. FHA homeowners in Connecticut who owe more than their home is worth may qualify for a short sale to avoid foreclosure and resolve mortgage debt.

How can Reid Real Estate Group help homeowners facing foreclosure in Connecticut?

Reid Real Estate Group helps Connecticut homeowners explore foreclosure alternatives including short sales, distressed property sales, and other options to avoid foreclosure.

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Tag: VA

Foreclosure

FHA and VA foreclosures soar!

FHA and VA mortgage defaults soar in 2026! Endless FHA and VA loan workout ...

Short Sales

VA Short Sales – The VA Compromise Sale Process

If you have a VA loan and owe more than your home is worth, ...

Short Sales

Another Connecticut VA Compromise Sale success! Sellers walk away with over $60,000 of debt forgiveness!

Wells Fargo can be a challenging lender to work short sales with, even with ...

Short Sales

Hamden, Connecticut VA Compromise Sale with Chase Bank and Ditech

<p><strong><img src="https://reidrealestategroup.com/wp-content/uploads/2017/09/iStock_000000442760XSmall.jpg" alt="" width="284" height="423" />Hamden, Connecticut <a href="https://reidrealestategroup.com/tag/va">VA</a> Compromise Sale with <a href="https://reidrealestategroup.com/tag/chase">Chase</a> ...

Short Sales

Merrimack Mortgage VA short sale success in Hamden, CT!

<p><img src="https://reidrealestategroup.com/wp-content/uploads/2017/09/16549096_s.jpg" alt="" width="197" height="296" />A Merrimack Mortgage VA short sale success in Hamden, ...

Short Sales

Well Fargo VA compromise sale approval in Shelton, CT in just 6 weeks!

<p><img src="https://reidrealestategroup.com/wp-content/uploads/2017/08/6738124_s-1.jpg" alt="" width="289" height="316" />After a divorce, my <a href="https://reidrealestategroup.com/shelton/">Shelton, CT</a> client had ...