We will have an offer on your house in 72 hours!
PLUS GET YOU UP TO $3000 AT CLOSING FROM THE GOVERNMENTâ€™S NEW HAFA PROGRAM WHICH WILL GAURANTEE YOU DO NOT OWE YOUR LENDER ANY SHORTAGES OR BACK PAYMENTS...YOU ARE FREE AND CLEAR!
We have been successfully helping people sell their houses in Connecticut whether you are behind on you mortgage or your home is worth less than what you owe on it.
Read what these satisfied clients had to sayâ€¦â€¦
â€œRick, I just wanted to thank you for taking care of this mess for me, including the liens. I can not thank you enough, please give me a call if I can do anything for you!â€ E Valazquez..New Britain, CT
â€œI had a very hard property to sell but CTSSC was by my side right up to the closing table. My foreclosure was avoided. Rick treated me with respect and had great experiences to share with me through the process. He even got me a seller incentive check from my lender which made my moving on much easier.â€ A Acevedo..New Britain CT
â€œRick, your service on both my properties was invaluable. I had a financially crushing year where both my investment property were completely upside down with no renters and to make matter worse, I lost my job. The pressure was unbearable until I started working with Rick and John. They took off all the pressure within a couple of days and for the first time in months I was able to sleep through the night. I would not have the chance to have a fresh start if it was not for the help of their team, Thank Youâ€ L Levesque, CT
Call now to find out more about how we can help you!
Rick Flavin John Perriello
Short Sale Coordinator Realtor
There is NO CHARGE for our service to you. We donâ€™t get paid unless we are successful in selling your home on your agreed upon terms with the bank. This is in no way an attempt to solicit your home if it is already marketed
Ona short sale you can negotiate what happens to the shorted amount. They will ask for a financial form and if you list that asset on it, they will have cause to rty and use that to collect the shorted amount.
Please see my blog for tips on getting a short sale approved
In order to do a short sale, you must complete financial disclosures listing all of your assets. You must list any acct or property where your name appears as a legal owner, even if it there just for convenience. If you do not, the bank may find it anyway, and determine that you willfully misrepresented your financial position.
You can try to explain to the bank that the account is "Mom's" - but they will likely look at that as an asset of yours. In the future, you can always check with the bank about putting you on Mom's acct as POA instead of a joint account holder.
I have closed short sales where a seller owned other property. The lender must ascertain that forgiving the debt, or working out a post-closing payment plan for all or partial is the best business decision for the bank. The bank is not there to "help" you - but rather make the business decision that results in the least pain for the bank. If you really cannot afford your payments, it is in the bank's best interest to work out a solution. If you have other assets that are not liquid, such as real property, they would want you to sell it. Since you cannot control that property as a minor interest holder, you will need to explain that in your hardship package.
I have closed short sales where the bank forgave debt when the seller owned other property......so it can happen. It has to make sense, though.