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Living In Greater New Haven

Servicing Your Real Estate Needs In The Greater New Haven Area

By Donna Bigda | Agent in Branford, CT
  • 5 Reasons To Sell Before Spring

    Posted Under: Home Selling in East Haven  |  February 15, 2014 4:09 PM  |  23 views  |  No comments

    5 Reasons To Sell Before Spring

    Thinking of Selling? Find out the 5 Reasons to Sell Before Spring and more....

    Download our FREE Report Things to Consider Before Selling Your House.

    Provided Courtesy of Donna Bigda
    RE/MAX Alliance

  • New Haven Connecticut Short Sales-Do You Qualify?

    Posted Under: Home Selling in New Haven County  |  December 17, 2013 9:22 AM  |  43 views  |  No comments

    New Haven Connecticut Short Sales-Do You Qualify?

     
    If you own a home in the New Haven Connecticut area, are in arrears on your mortgage payments or have found out that you owe more money to your lender than what a buyer is willing to pay for your home does not automatically mean you will be able to just sell your home for less than what is owed to your lender. It is going to be dependent on many factors.

    new haven short sale agent
    The simplest way to get a short sale approved is to pass the hardship test. The more worse off your situation is financially, medically, etc. the less complicated it can be to get your New Haven Short Sale approved.  To qualify as a  New Haven short sale, you must pass the Hardship Test and show just and provable reasons why you cannot keep your home any longer.

     

     

    The Hardship Test- As you go through each of these questions take a look at your current situation to see if it will pass the hardship test.

    • Did you lose your job since you bought the home?
    • Have you incurred new large medical bills since you bought the home?
    • Did your interest rates increase so much that it is now a hardship for you to pay your mortgage?
    • Are you recently divorced or have to pay high child support payments?
    • Have you had an illness, injury or bad accident and could not work?
    • Have you been relocated to another city or state?

    Naturally each situation is different. Each short sale request is looked at individually. Bottom line is you must be able to prove there is a hardship.  -------->READ MORE

     


    Donna Bigda REALTOR®
    RE/MAX Alliance
    203-645-7467
     
     
     
     
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  • New Haven Short Sale Agent - No Cost Assistance

    Posted Under: General Area in New Haven County, Home Selling in New Haven County, Foreclosure in New Haven County  |  January 16, 2013 3:27 PM  |  938 views  |  No comments

    New Haven Short Sale Agent

    Short Sale Agent in New Haven

    What is a real estate short sale in New Haven?

    A sale in real estate, also commonly called a short sale, happens when a lender is willing to accept a lower pay off on a loan than what is currently owed due to the borrowers inability to continue making payments.

    What does it take to qualify for a New Haven Short sale?

    Short Sale Specialist Realtor in New HavenWhile lenders seem to be easier to work with lately regarding qualifications, there are usually three borrower qualifications that most lenders require for a New Haven short sale.

    1. Negative Equity - The proceeds from the sale of the property, after all closing costs
      are paid, are less than the amount currently owed on the property,
    2. Financial Insolvency - Financial insolvency means that the borrower has no other assets that could cover the deficiency (the difference between what is owed on the property and the proceeds from the sale)
    3. Financial hardship - Financial hardships that are acceptable do vary some from lender to lender, but the most common ones are; divorce or legal separation, loss of employment or reduction in income, job transfer or relocation, incarceration, medical emergencies or major medical expenses, death of a family member, vacant rental properties, damaged property, just to name a few. Most lenders believe that a short sale is not for home owners who simply want to sell, but for those who have to sell.

    Is it possible for me to get money back for completing a short sale?

    Until recent times, it was almost unheard of for a home owner to get money back in a short sale. Things have changed for the better. The HAFA program, backed by the US Government, allows homeowners $3,000 to use towards relocation expenses. In addition, some lenders will offer generous incentives of their own in addition to money offered through the HAFA program. We have seen home owners get as much as $35,000 back to complete a short sale.

    Who will pay the New Haven short sale Realtors® commission?

    In a short sale it is customary for a lender to cover all fees associated with the sale of the property, including your New Haven short sale agent as well. In almost all cases, a home owner in hardship will pay no out of pocket expense to complete a short sale transaction.

    How Can a New Haven short sale agent help me?

    New Haven short sale agentAs a New Haven short sale specialist, I have helped many home owners who are in a difficult financial position get a fresh start with a short sale. Short sales are not part of our "basic training" as real estate agents, and are something that should only be left to those of us who are especially qualified and experienced. Experience is everything when it comes. I'll not only market your home in the traditional mannerr, but will guide you through this transition while simultaneously processing the short sale with your lender. Visit my website for more information on the short sale process.


    Donna Bigda

    License Number: 0754296

    RE/MAX Alliance

    PHONE:             203-488-1641       x214

    newhavenshortsaleagent.com

    ~ Your New Haven Short Sale Specialist Realtor® ~

  • Missing Mortgage Payments On Your New Haven Home?

    Posted Under: Home Selling in New Haven County  |  August 8, 2011 6:48 AM  |  1,255 views  |  No comments

    Missing Mortgage Payments

    On Your New Haven Home?

    It’s Not Too Late


    Missing Mortgage Payments On Your New Haven Home?Wondering what a New Haven homeowner should expect when payments are missed? The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. That being said, the quicker a homeowner does something about the situation, the less challenging it will be to resolve. Read more here...---->

  • Foreclosure Relief in Branford CT

    Posted Under: Home Selling in Branford  |  February 12, 2009 6:06 PM  |  1,382 views  |  No comments

    In today's current market, more and more Connecticut homeowners are experiencing financial distress and finding themselves in danger of losing their home to foreclosure.

    Sensing the overwhelming urgency and need to help these homeowners, it was just as important to acquire the training, education and specialized knowledge necessary to assist these families in finding better solutions for their future.

    As the first and only agent in Branford CT to earn the Certified Distressed Property Expert (CDPE) designation I join a group of less than 1,000 nationwide (out of 1.2 million Realtors in the U.S.) who have completed this extensive training course in foreclosure avoidance and short sales. This expertise will be invaluable to offer at a time when the New Haven County area is ravaged by "distressed homes" in the foreclosure process....Read more------>

 
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