Patrick James- Connecticut Realtor®
So please, have a look around, and contact me with any questions you might have about the market or my services. No question is too mundane - I want to help!
Avoid foreclosure in Connecticut
If you can not afford to pay your mortgage, the absolute worst thing you could possibly do is nothing. " Walking away " from your home in Connecticut can come with some pretty severe consequences. Connecticut is a recourse state, which allows your lenders to pursue you for the difference between what you owe, and what your home is worth.
Also known as " the deficiency balance ", this can be tens if not hundreds of thousands of dollars. In a short sale, lenders are often willing to forgive all or most of the deficiency, allowing my clients to wipe the slate clean and start fresh.
Am I eligible to sell my home in a short sale?
•Have you fallen behind on your mortgage?•Is your home worth less than what you owe your lender? •Has your mortgage payment depleted your savings? •Have you relocated, gotten divorced, had a reduction in income or increase in expenses? •Do you want to move on from your home even though you can afford the payment? Find out if selling your Connecticut home in 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.