ARCHIVED BLOG POSTS
2010
Peter Testa | Nationwide Homes | (203) 442-3873 827 Oronoke Rd. #9-4, Waterbury, CT This property was JUST SOLD by PETER TESTA with Nationwide Homes. To find out how PETER can sell your home call him at (203) 442-3873 2BR/1+1BA Townhouse JUST SOLD FOR $85,000 Year Built 1986 Sq Footage 1,200 Bed...
02/12/2010
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We believe that using a Real Estate Agent with experience in the short sale process is important. If you are behind in your mortgage payments and in danger of losing your home, you need to get advice from the right people. Many people say to contact your lender as soon as you fall behind in you...
02/08/2010
Merely submitting a request for short sale approval will not stop a lender from starting or continuing with a foreclosure action. Lenders take anywhere from two weeks to three months to make a decision on a short sale after all of the documentation is submitted. Therefore, it is important to wo...
02/08/2010
If approved by the lender in a timely manner, the following are some of the benefits of a properly performed short sale in Connecticut: Avoid foreclosure. The negative effect on one's credit, auction signs, deficiency judgments and other negative consequences of foreclosure may be avoided by the...
02/08/2010
Although every lender has its own rules, a lender will generally approve a short sale request, if all of the following conditions are met: The price requested by the owner for the short sale must be fair and represent the true market value of the property. The lender will verify the market value...
02/08/2010
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A short sale is the sale of real estate where the lender agrees to accept less than the amount owed on the mortgage as part of an agreed upon sale, instead of completing a foreclosure action of the property. For example, if an owner owes $400,000.00 to the lender but can only sell the house for...
02/08/2010
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