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short sales in central connecticut: Your Bank Doesn"t Want to Foreclose on Your Central Connecticut Home - 02/26/12 08:35 AM
Your Bank Doesn’t Want to Foreclose on Your Central Connecticut Home   I received a phone call this week from a Central Connecticut home owner that is having problems in meeting their mortgage payments. They had talked to their lender and after some exchanges were advised to seek out a professional in their area that specializes in short sales, and try to get the home sold.
This is definitely an indication of a lender encouraging their mortgagees to get their home sold and not allow it to go into a foreclosure. A non performing asset or foreclosure on a bank’s inventory … (19 comments)

short sales in central connecticut: Tips on Buying a Short Sale Home - 02/08/12 08:27 PM
Tips on Buying a Short Sale Home
 
 

 
There are many horror stories on the issues that arise when trying to buy a short sale home. Many times the stories are unfounded and are generated by agents that do not understand the short sale process and getting the system to work properly.
 
A short sale listing, is a home that is being sold for less than the value of the outstanding mortgage, or shortage. The process will start a couple of weeks prior to the home even being listed on the market, as the listing agent needs … (26 comments)

short sales in central connecticut: Dear Mr. Seller, I Regret to Inform you that the Short Sale was Accepted - 12/29/11 01:08 PM
Dear Mr. Seller, I Regret to Inform you that the Short Sale was Accepted
We who do short sales fully understand the degree of frustration associated with trying to get a bank’s response to an offer on a short sale. The endless phone calls, resending documents, the disconnects, no response, all so aggravating.
This morning I made a call to a bank still hoping to get a short sale offer accepted, or at least some conversation. The paperwork had been in 3 weeks, but still no call from the negotiator. The appraisal had been done; my contract was greater than … (18 comments)