CT Real Estate Report

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Real Estate Agent - Keller Williams Greater Hartford - REB.0789472
Minna Reid, REALTOR®, Short Sale Agent: Real Estate in Hartford, Middlesex, Tolland, Windham and New Haven County, CT

ARCHIVED BLOG POSTS

2011 

Connecticut FHA short sales skyrocketing? Yesterday I met with a Connecticut couple considering a short sale. Like most other short sales I have been involved with lately, this loan is an FHA loan. Now, I have not done an official study on the actual rates of FHA default, but as a CT short sale a...
07/28/2011
Do I need my lender’s permission before I try to short sell? No. Contrary to popular belief, you do not need to ask your lender upfront if you can attempt a short sale. Any homeowner can decide on their own whether attempting a short sale is in their best interest and if so, the homeowner can go ...
07/26/2011
Fantastic price on this Vernon condo! OverviewMapsPhotosDescription $133,500 Condominium Main Features 2 Bedrooms1 Bathroom1 Partial Bathroom1 UnitInterior: 1063 sqft Location 60 Old Town Rd3Vernon, CT 06066USA To get updates on open home dates and other property events, please click the "Like" ...
07/25/2011
Bank of America dwindles away over $100k - a short sale success story In January of 2010 I was contacted by Mr. Smith, a distressed CT homeowner at the end of his rope. After a year spent trying to unsuccessfully modify his $260,000 mortgage, he was facing foreclosure and had turned to a short sa...
07/19/2011
The writing is on the wall - 10 signs your home is overpriced 10. You priced along with other homes listed for sale, rather than homes that had actually sold. 9. Despite the fact values have fallen all over town and continue to decline, you believe this doesn't apply to your home. 8. You priced y...
07/14/2011
How long will my short sale take? While all short sales are different, there are some general timelines I give folks when asked. Now mind you, I have had short sales approved in 10 days, and I have had short sales that took over a year to have approved, but most traditional short sales ( EXLUDING...
07/12/2011
Cleaning up the last agents mess - a Bank of America short sale tale When I first met my client she had a current listing with another agent. Priced at just what was needed to get out of the loan, the house had sat on the market for 6 months for $80,000+ over market value. The previous agent had ...
07/11/2011
Don t miss this fantastic updated South Windsor ranch ! OverviewMapsPhotosDescription $195,000 Single Family Home Main Features 3 Bedrooms1 Bathroom1 UnitInterior: 1008 sqftLot: 0.45 acre(s) Location 60 Ronda DrSouth Windsor, CT 06074USA To get updates on open home dates and other property event...
07/08/2011
Short sales - dealing with a request for cash contribution Not all short sales are completely "free". While closing costs are generally covered by the lender, sometimes and lately more often, the lender will in fact ask the seller to contribute to the short sale in the form of cash or a promissor...
07/06/2011
Another CT Citibank short sale success! Knock on wood, but I have yet to have a bad short sale experience with Citibank. This particular short sale was an absolute breeze. After several years of unsuccessfull attempts at a loan mod, my client was in foreclosure and had finally given up and decide...
07/05/2011
Rainmaker
290,375

Minna Reid

Team Lead - Reid Real Estate Group
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