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short sales in connecticut: Why Do Central Connecticut Short Sales Take So Long to Close? - 04/18/12 05:58 PM
Why Do Central Connecticut Short Sales Take So Long to Close?
 

Short sales are a way of business in real estate and may well supplant REO listings as banks look to take a softer stance with distressed home owners who are trying to avoid foreclosure. Many agents are hesitant to bring a qualified buyer into a short sale listing for fear of the buyer getting nervous about the process, and trying to get out of the transaction and go onto something more conventional.
The process starts with the sellers and their agent. Most banks will tell their sellers to … (6 comments)

short sales in connecticut: Some Mortgage Relief for Connecticut Home Owners is Coming - 02/10/12 12:42 PM
Some Mortgage Relief for Connecticut Home Owners is Coming

There may be some relief for home-owners in Connecticut that were victims of the robo-signing scandal. A $25 Billion dollar settlement with the 5 largest mortgaging servicing banks will see almost $200 million dollars find its way into Connecticut.

The 5 banks identified in this settlement are Chase, Wells Fargo, Bank of America, Ally Bank  formerly GMAC  and JPMorgan Chase.

Of importance in this settlement is the reality that banks should be easier to deal and communicate with for borrowers. The frustrations of getting passed along form … (5 comments)