A short sale is the term used to describe the process by which a home is sold for less than is owed on the mortgage to the property. The bank holding the mortgage must agree to "sell short". This is accomplished through a documentation and negotiation process.
IS A SHORT SALE RIGHT FOR YOU?
- Have you become unable to keep up with your mortgage payments?
- Do you owe more than the home is worth?
- Have you already considered or pursued a loan modification with your lender?
- Are you prepared to sell your home and move away?
- Are you considering strategic default?
- Would you like to avoid a public auction, deficiency judgement and the credit ramifications associated with the foreclosure?
If the answer to those questions is yes, a short sale is very likely to help you. I negotiate short sales with banks on the homeowners behalf. I have helped many people stop their pending foreclosures, negotiated debt forgiveness, and helped my clients move on with their lives. Short sales are complicated and require an experienced professional. As Connecticut's #1 short sale agent, I specialize exclusively in this transaction. Contact me to discuss your situation.
THE ADVANTAGES OF A SHORT SALE VS FORECLOSURE:
Control over the sale of your home. You will be able to sell your home on the open market and make the decisions regarding the terms of the sale of your home.
Mimimize credit repercussions. A short sale is much less derogatory on your credit than a foreclosure.
Eliminate/Minimize the chances your lender will pursue you for a deficiency judgement. If you foreclose, your debt doesn't disappear, especially if you owed more than the home eventually sold for. The lender may pursue you for this amount. You have the ability to negotiate this during short sale negotiations, but not if the home forecloses.
A short sale will likely cost you nothing. In fact when involved in a short sale, the lender will almost always pay for all the costs involved in the sale including realtor fees, conveyance taxes, back taxes and attorneys fees.
Avoid the stress of foreclosure. A foreclosure can be mentally and emotionally draining and publicly humiliating. A short sale will help you avoid this, and move on with your life.
Knowing you are doing the right thing and minimizing the damages. Maybe you are in over your head like millions of others. You have the opportunity to try to make the best of this bad situation for everyone involved.
Selling short can help protect your financial future, salvage your credit and save your dignity.
I PROVIDE SHORT SALE SERVICES IN THE FOLLOWING AREAS:
Hartford County, CT: Avon, Berlin, Bloomfield, Bristol, Burlington, Canton, East Granby, East Hartford, East Windsor, Enfield, Farmington, Glastonbury, Granby, Hartford, Hartland, Manchester, Marlborough, New Britain, Newington, Plainville, Rocky Hill, Simsbury, South Windsor, Southington, Suffield, West Hartford, Werhersfield, Windsor, Windsor Locks.
Middlesex County: Chester, Clinton, Cromwell, Deep River, Durham, East Haddam, East Hampton, Essex, Haddam, Killingworth, Middlefield, Middletown, Old Saybrook, Portland, Westbrook.
New Haven County: Ansonia, Beacon Falls, Bethany, Branford, Cheshire, Derby, East Haven, Guilford, Hamden, Madison, Meriden, Middlebury, Milford, Naugatuck, New Haven, North Branford, North Haven, Orange, Oxford, Prospect, Seymour, Southbury, Wallingford, Waterbury, West Haven, Wolcott, Woodbridge
Tolland County, CT: Andover, Bolton, Columbia, Coventry, Ellington, Hebron, Mansfield, Somers, Stafford, Tolland, Union, Vernon, Willington.
ALSO CONSIDERED ON A CASE BY CASE BASIS (CONTACT ME FOR DETAILS):
Fairfield County: Bethel, Bridgeport, Brookfield, Danbury, Darien, Easton, Fairfield, Greenwich, Monroe, New Canaan, New Fairfield, Newtown, Norwalk, Shelton, Sherman, Stamford, Stratford, Redding, Ridgefield, Trumbull, Weston, Westport, Wilton
Litchfield County: Barkhamsted, Bethlehem, Bridgewater, Canaan, Colebrook, Cornwall, Goshen, Harwinton, Kent, Litchfield, Morris, New Hartford, New Milford, Norfolk, North Canaan, Plymouth, Roxbury, Salisbury, Sharon, Thomaston, Torrington, Warren, Washington, Watertown, Winchester, Woodbury
Short Sale Lenders/Servicers/Investors/Programs I have experience with: Bank of America, Countrywide, Chase, Wells Fargo, AHMSI, ASC, M&T Bank, McCue Mortgage, HomEq, IndyMac, One West Bank, Guaranty Bank, Aurora, Citimortgage, Vericrest, GMAC, MorEquity, Sovereign, Savings Institute, OCWEN, Bank United, Litton Loan Servicing, HFC, HSBC, SPS, SLS, Dime Savings Bank, PHH Mortgage Services, CHIF, Provident, Fifth Third Bank, Seterus, IBM LBPS (Lender Business Process Services), Liberty Bank, Nationstar, Bayview Loan Servicing, Cenlar, Freedom Mortgage, LoanCare, Fannie Mae, Freddie Mac, FHA, VA, CHFA, Private Labels/Investors, Government HAFA Program.
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