Short Sale Info for Greater New Milford Area
We all hear about short sales, but what does it mean to you, the homeowner who is now in the unfortunate situation of owing more than your house is worth. Top that off with a job loss or some other hardship and you may not be facing a short sale, you will be facing a foreclosure if action is not taken to sell your home. New Milford and the surrounding communities are not exempt from this problem. According to Realty Track there are 421 lis pendens filed in New Milford, CT as of June 2009. That is a staggering figure, but it tells me that there are so many of you out there that need help ASAP!
What can you do? Stop hiding, guessing and fearing the worst. You need to take action now, and you need to have a team of professionals guide you through the process. You are not alone, there is no shame in this. It is possible that a short sale can happen, an agreement can be negotiated with the lender(s) and you can move on and put your life back together. I have heard that after 2 years of a short sale, if your finances are back in order you can purchase a home again. This is not true of foreclosure, it will take far longer to get to that point again.
The first thing you must do is contact an attorney to see where you stand. Some are very ready, willing and able to assist you, with your Realtor, in the process. I have the names of a few attorneys who have sucessfuly negotiated short sales and saved the owners from foreclosure.
What can you expect from me? I will not take into consideration what you owe on the house when pricing it, so if you are looking for that miracle buyer to come along and pay all your debt you need to find another real estate agent. Remember, you know already that your house is worth less than what you owe, and surly an appraiser for the buyers lender will know that too. No secret. Every real estate agent who shows it to a buyer will know it too. I will tell you what the probable sale price is and show you what your competition will be. I will help you to show your house off so that it will be the best within its competition.
You can also expect to be treated honestly and fairly and with the utmost respect from both of us. This is a very difficult time in your life, you don’t need someone to come in and pass judgment or treat you with anything less than the respect you deserve.
To qualify for a short sale you must be experiencing a true financial hardship, have no equity in your home, no assets, be in default, or be facing imminent default, and be in a market where you cannot sell the home for enough to cover your debt and all other associated closing fees.
If you would like more information about the short sale process, please feel free to contact me at 203.460.1775, or email me at firstname.lastname@example.org. All information will be kept confidential, and you can rest assured we will treat you with the utmost respect that you deserve as I stated above.