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Deciding to walk away from your home

Housing debt

You're not alone. 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.

 

But there's 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 DEFICIENCY JUDGEMENT

CONTROL SELLING YOUR HOME INSTEAD OF LOSING IT TO THE LENDER

 

Your lender doesn't want to own your home. You may even qualify for a cash incentive from them to pursue a short sale rather than letting your home foreclose. We specialize in Connecticut short sales exclusively. Connect with us today to find out if a short sale is right for you.

 

Minna Reid is here to help YOU!

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