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Dipti Thakkar
LAER Realty Partners - Andover, MA
On a team with Praful Thakkar

No idea.

Jun 10, 2018 11:37 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Apparently this did not catch on.

Sep 27, 2019 10:44 PM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

No idea, Elaine.

Feb 09, 2018 09:11 PM
Ajay Pandya
e-Merge Real Estate Unlimited - Columbus, OH
Realtor Ajay Pandya

No idea.

Jan 29, 2018 10:02 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't know how this works.

Nov 23, 2017 06:37 AM
Elaine T Cone
Weichert, Realtors-Gateway Properties - Thomaston, CT
Living the American Dream one family at a time!

Connecticut is the only state in the Nation that has this. It has not yet been tested here. This is what I get from it. The homeowner receives notice from their lender when the homeowner is in default. There is a sixty day window to accept this new Forcclosure by market sale. If the homeowner elects it, a judge at the superior court level oversees the file, the lender orders an appraisal. In the meantime a realtor can list it. If the lender refuses to accept the FBMS, they can not be a part of the mediation once the file goes to foreclosure. It was intended to assist in getting a house sold at FMV and the judge, lender and realtor are supposed to work together. I do not see this happening yet. If the homeowner elects to go this route and the bank agrees, the homeowner waives their right to mediation in the foreclosure process. I was reaching out to Connecticut realtors and attorneys to find out how it works. It is vague.

Jan 31, 2015 07:51 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I am not sure what that is, how does CT law read or what does it allow the owner to do?

Jan 30, 2015 10:03 PM
Pete Xavier
Investments to Luxury - Pacific Palisades, CA
Outstanding Agent Referrals-Nationwide

A homeowner can voluntarily elect to foreclosure as opposed to a sort sale!? Would not advise any homeowner to do that if I'm understanding this correctly.

Jan 30, 2015 12:48 PM
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

How can a home owner do a foreclosure?  Only the bank can do that and if it is sold on the market sometimes it is called a short sale.  Then it is up to the bank whether or not they want to settle for the offer price.

Jan 30, 2015 12:44 PM