Deciding to walk away from your Connecticut home
Many Connecticut homeowners have decided the negative equity and high payments on their homes are just no longer worth it, and are deciding to just walk away. Do you feel trapped in an upside down home? Are you considering throwing in the towel and just letting the home foreclose?
Are you aware that:
Foreclosure carries heavy, long lasting credit ramifications?
Your foreclosure will be broadcast in newspapers and online?
Connecticut is a deficiency state? This means the foreclosure won't wipe away your remaining debt and the lender may very well pursue you for the difference.
Did you know there is a better way? Have you considered a SHORT SALE?
KEEP THE FORECLOSURE OFF YOUR CREDIT AND OUT OF THE PUBLIC EYE
SETTLE YOUR DEBT WITH THE LENDER AND AVOID A DEFICIENCY JUDGEMENT
GIVE YOU CONTROL OF SELLING YOUR HOME INSTEAD OF LOSING IT TO THE LENDER
Your lender does not want to own your home. You may even qualify for a cash incentive from your lender to pusue a short sale rather than letting your home foreclose. I specialize in Connecticut short sales exclusively. Contact me today and find out if a short sale is right for you.
©2014 Listings courtesy of the Connecticut Multiple Listing Service, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing data is deemed reliable but is not guaranteed accurate by the MLS.