Connecticut Real Estate

I have a free booklet available for anyone thinking of selling their home in today's new world, the title is "How to Sell Your House For Top Dollar". Along with the free booklet you get a free subcription to my seller's newsletter "Get Top Dollar".

Call my 24 hour Free Recorded Message for more information on how you can sell your home for top dollar today! 1-888-456-8536 Ext. 93

Recent news reports on the results of mortgage modifications have focused on the 50% failure rate. What this means is that 50% of the people who entered into mortgage modifications in the first quarter of this year have SUCCESSFULLY avoided foreclosure, at least for now! This is good news. Without the mortgage modification program this number would be closer to 0% having avoided foreclosure.

This is much better news than the new media is portraying, and the program should get better moving forward as the streamlined modification program (SMP) staff gets up to speed. The SMP starts December 15th. 

Per FHFA: In the second quarter of this year, 83.5% of loss mitigation actions allowed the homeowners to retain the property, these included payment plans, loan modifications, and charge-offs.

Read the full aricle here:

http://www.fhfa.gov/GetFile.aspx?FileID=112

There are many victims of the current economic situation we are in. According to several sources, one of the biggest causes of foreclosures currently is the combination of adjustable mortgage rates resetting and decreased property values.

Many homeowners who purchased or refinanced between 2005 and 2007 are currently finding themselves "upside down" in their mortgages, just as their variable rate mortgages are adjusting. This means that they are unable to refinance into a more favorable rate, and they are unable to sell their house for what it is worth. Pair this with another recent statistic showing that more than 50% of American families are just two months ahead of a major financial crisis, in other words, when something happens to take away one or two months income, they are suddenly in deep financial trouble with no way out.

What should you do if you find yourself owing more than your home is worth, and/or unable to make the mortgage payments?

The answer is: Call a Certified Distressed Property Expert (CDPE), like me, right away! Time is of the essence!

Their are Options for the Homeowner in Foreclosure, but you MUST ACT QUICKLY! As the clock ticks, your options begin to run out. Ideally you call a CDPE BEFORE you even miss your first mortgage payment.

I've set up a 24 Hour Consumer Awareness Hotline, with a Free Recorded Message on How to Stop Foreclosure: 1-888-456-8536 ext. 1

CALL NOW, The call is Free, You decide if you take the next step. Your privacy will be respected, noone will contact you unless you ask us to. The ball is in your court.

As my first Whitewater Rafting instructor once said:

You must be an active participant in your own rescue!

I can help you, but only if I know you need help. You need to tell me that you might need help, and then I can show you how you can help me to help you. If you've read this far, you probably want to at least call the 24 Hour Hotline and listen to the Free Recorded Message: 1-888-456-8536 ext. 1

God Bless You and Your Family, and remember, while it may not seem like it now, there will come a time where your current financial troubles will pass. You will feel much better knowing that you did everything you could to avoid this devastating financial consequence so may people face today.