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Owe more on your New Milford home than it is worth? Help is here.

July 7, 2009

clip_image002We 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.

I have decided to team up with loss mitigation specialist Denise Marr from First Mitigation Group LLC. I know some agents are doing this on their own, but in all honesty given the amount of work that needs to be done, the fact that different lenders have very different requirements, repeated calls have to be made daily, or multiple times a day, packets are kicked back for one item that may be missing, there is a high turnover rate with the lenders so the person you were dealing with yesterday is not the person you will be dealing with today, on and on. I want to spend my time marketing your home, and want you to use a loss mitigation specialist to give you the best shot at getting the bank to accept your short sale.upside down money house

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. I will also bring loss mitigation specialist Denise Marr from First Mitigation Group LLC with me when I present the market analysis to you. Any questions you have about the short sale process, or short sale vs. foreclosure will be answered by Denise.

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. All information will be kept confidential, and you can rest assured we will treat you with the utmost respect that you deserve.

Are you looking to buy a home or sell a home in the greater New Milford area? Please contact me or visit my website to find out more.

Homes for sale, greater New Milford CT.
Local area information, New Milford, Washington, Roxbury, Kent, Bridgewater, Sherman and Warren. Why you should be looking for a home here!

© 2009 Andrea Swiedler. Unless otherwise noted, the content, both written and in pictures, is the property of Andrea Swiedler. If you wish to use something you see here, please email me ( with your request. Most likely I will oblige, with a link back to my original content as well as an acknowledgment. Although imitation is the highest form of flattery, please let me know before you decide to bestow this form of flattery on me! Thank you.

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