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Many of my Connecticut short sale clients are concerned that their home will be advertised as a short sale and the whole world will know about their unfortunate predicament.

Foreclosures are lawsuits and as such they are public information and broadcast online and in newspapers. Short sales simply require approval from the lender as the lender has to agree to take a loss. A short sale is not a legal action and instead allows a seller to gracefully and discreetly exit the home while avoiding foreclosure and settling their mortgage debt.

While it is necessary to disclose to buyers and agents on the mls that the property is a short sale and lienholder approval will be necessary, all property marketing is the same as with any other sale. There will be no "short sale" sign on the home, nor do I refer to the short sale in advertising, as it is not a selling point. As with any other home, when I meet with short sale sellers I give them ideas to help the home show in its best light, the property gets fully photographed and the home is marketed in all the same avenues as any non-short sale property would be.

The best odds of selling any home - including a short sale home - are in property presentation, marketing, and pricing properly. While proper disclosure of the short sale is necessary, your home will not be broadcast or advertised as a short sale.

GET ANSWERS TO OTHER FREQUENTLY ASKED CT SHORT SALE QUESTIONS.

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Minna Reid, Realtor
CG Real Estate - Southington CT
Voice or Text: 860.416.1255
 

Minna Reid  is a  CT Licensed Real Estate Broker Associate with CG Real Estate, specializing in short sales serving Central CT including, but not limited to; Avon, Berlin, Bristol, Cheshire, Cromwell, Farmington, Glastonbury, Hamden, Meriden, Middlefield, Middletown, Newington, New Britain, North Branford, North Haven, Plainville, Portland, Prospect, Rocky Hill, Southington, Wallingford, West Hartford, Wethersfield and Wolcott. 

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2 Comments on Will everyone know about my CT short sale?

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26
152,979 Points

There are some websites that draw listings from the MLS and these sometimes show the property as a short sale to the public. I always let people know I don't market it as a short sale but there are places it will show up that way to the public. 
7:17am • #1
225,299 Points 3 Featured Posts

That is unavoidable....however I see a lot of short sales on mls with one picture...terrible marketing and "short sale" and "as is" written all over it. I always wonder what the sellers think of that.
7:23am • #2


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Minna Reid, CT REALTOR®, Short Sale Agent

Southington, CT

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CG Real Estate

Address: 1224 Mill St., Bldg B, East Berlin, CT, 06023

Cell Phone: (860) 416-1255

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