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If you are a property owner facing foreclosure in Connecticut take a deep breath.
You are not alone! Millions of Americans are in a very similar situation.

The good news is that you have options. Fill in your name and email to immediately receive a FREE Short Sale CT report that lists and explains your options in plain English. You will feel much better once you understand what is available to you. Talk to you soon.

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Joe, Norwalk CT “When I first talked to Jason I was very concerned about the consequences of the short sale. It all seemed too good to be true. I couldn’t believe how long I was able to remain living in my condo. I also couldn’t believe how low the ultimate price was. In the end I was given a complete release from the mortgage and I am working on rebuilding.”

Phil, New Canaan CT “The 2-family property I owned went up to one day before the foreclosure sale date. Thanks to you the bank gave us a 60 day extension which allowed me to collect another $10,000 in rent. When the sale eventually went though there was no out of pocket expenses and I was released from the mortgage.”

Withheld, New Canaan CT “Some of the other Realtors we spoke to before we hired you didn’t have a clue how to handle a short sale and one didn’t even know what it meant. Hiring an expert made such a difference. This was a painful, embarrassing part of our life and your discretion and overall knowledge was greatly appreciated. It took some time, but you kept us well informed and in the end the bank accepted a $500,000 loss and gave a complete release from the shortfall. Thank you.”

Jim & Jennifer, Weston CT “When Jim lost his job we first started burning though our savings, but then it just became impossible to afford the 2 mortgages. The house was almost $900,000 underwater. Thank you for getting the short sale approved. Jim is starting to work again and we can see the light at the end of the tunnel.”

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SHORT SALE CT | 866.541.8100 | INFO@SHORTSALECT.COM

We have successfully completed short sales with countless banks including Bank of America, Chase, Citibank, GMAC, Wells Fargo, Wachovia,  PNC, Litton Loans, America Home Servicing, Raymond James Bank, Suntrust Mortgage, and countless others. Almost all of our short sales have been approved. The issue as a property owner is under what conditions can I get approved? There are 3 main approvals banks will give. The best approval is when the bank approves the short sale and releases the borrow from everything. Next best is when the bank approves the short sale, but requires a cash contribution or a loan to be signed for part of the shortfall. The worst approval is when the bank approves the short sale to happen but does not release the borrow from the responsibility to repay. So the bank allows the sale to happen and releases the mortgage from the deed, but reserves the right to pursue the borrow for all of the deficiency and associated fees. Make sure you use a Short Sale Realtor and attorney that understand these differences. The only short sale denials we have seen is when the borrow is current on the mortgage, has a good job and plenty of assets. If you can afford the mortgage and have suffered no hardship getting approved is not likely.
Broker: Milligan Real Estate, LLC                                                                                Content copyright . Short Sale CT. All rights reserved.
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