Are you in financial trouble? Missing your mortgage payments?
We have help? You have Options 

CT Home Retention Services can help you!.
What is a Short Sale? 

Short Sale, also called "Short Pay-Off", is a process by which a lender agrees to receive a lower amount of an owed debt in exchange for the sale of the property to a third party, usually at no cost to the borrower. 

Most of short sale services are TOTALLY FREE OF CHARGE. Our short sale specialists may help you prevent the downgrading of your credit scores while providing you A FRESH START. 

Market Conditions Effect on Homeowners 

The real estate marketplace has undergone dramatic changes in recent months. More and more buyers are finding themselves in homes they can no longer afford and or which are now worth less than what is owed. In many cases this was made worse by mortgage rate adjustments which lead to payment increases. As a result, borrowers are unable to pay their mortgages and default rates have skyrocketed.
Even borrowers who are capable of paying their mortgage are under a great deal of pressure. They do not want to continue paying a mortgage on a property worth less than what they owe. 

Risks 

Not being proactive under these circumstances is quite risky given the severe consequences following mortgage default, especially given the long lasting impact from the information which remains on the credit report for years.
Lack of knowledge regarding available solutions shouldn’t be a deterrent in motivating property owners to actively seek a solution. 

What is a Short Sale? 

A ‘short sale’ occurs when a bank accepts a discount on a mortgage to avoid a possible foreclosure or bankruptcy. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include avoidance of having a foreclosure on their credit history and the partial control of the monetary deficiency. Additionally, a short sale is typically faster and less expensive than a foreclosure. Many homeowners have been unfortunate enough to be living in homes worth less than they bought them for just a few years ago.  

What we Offer 

A consulting solution that can help protect homeowners. We knew that we could help homeowners avoid the negative consequences that follow mortgage default and help them protect their credit. Since the late 1991 our specialists have helped thousands of property owners achieve a fresh start. Our expertise is in negotiating a favorable solution that will protect the interests of the property owner facing the complicated scenarios presented when facing the lender 

There is no magical fix. However, there are very powerful solutions a homeowner is very likely to qualify for. Finding a solution that is appropriate and that will be approved s vitally unimportant. Why The answer is that time and other constraints usually allow for only one attempt. That is exactly where our expertise comes into play. We help home owners identify the best solution and then negotiate with the lender on their behalf. 

Lenders negotiate aggressively, and are very powerful when they negotiate directly with the borrower. Having experts in your corner is invaluable and will put you. the borrower, in a much stronger negotiating position. 

For example, a homeowner who took out a loan for $600,000 to buy a home a few years ago has negative home equity as the value of the property has dropped to $500,000. The homeowner may say to them self, “Why continue paying more for a home that is worth less than I bought it for?”  

A Short Sale presents a perfect solution to both the troubled homeowner and the lender in the current Real Estate crisis. To avoid foreclosure and the frightening consequences involved, the homeowner may be able to sell the property at a loss and start fresh. You may ask yourself, “Why would a lender take a loss on the sale of a home? Isn’t that a horrible business practice?” The answers are simple. The banks do not like excess inventory and delinquent loans on their books. They know that taking control of a foreclosed property is an expensive and time consuming liability. .There are many fees involved like property taxes, liens, and repairs. Banks do not want to be responsible for property management as it’s not part of their core business practice. They often are better off taking the minimal loss beforehand and be finished with the ordeal. 

Why Shoud I Choose a Short Sale? 

Short Sales are usually undertaken because the homeowner is out of options and does not want to experience the tragedy caused by home foreclosure.  

Typically when someone is at the point of not being able to afford their home due to; high rates, dips in property values, divorce, loss of employment, decrease of income, etc., then we are forced to make a life altering decision.  

If your home is foreclosed on you it will ruin your credit for seven years. That means you will have extreme difficulty finding any bank to loan you money. You can forget about being able to buy another house, a car, open a new business, or even qualify for credit cards. On top of that, the loans you do receive will have incredibly high interest rates as you will be considered a credit risk by credit card companies and banks. 

With a Short Sale you have the ability to save your credit from reflecting a ‘foreclosure’ as to simply having a ‘settled debt’. 

A Short Sale offers a way out of debt and leads to a fresh start.
Listed below are some of the reasons to conduct a Short Sale:
1. Erase a large debt (See example)
2. Get debt free fresh start
3. Minimize damage to credit
4. Take charge over the foreclosure process-
5. Avoid eviction
6. Allow yourself the option to move anywhere you want without having the burden of a bad credit making it difficult to rent or buy. 

How Can CT Home Retention help?
Protecting your credit from further degradation.
Presenting a solution to the lender and negotiating favorable terms.
Helping to minimize your debt obligations.
Allowing the borrower and her/his family to get a fresh start.
Expediting the process with a fast resolution. 

Avoid Foreclosure With One of the Solutions
We Offer:
Short Sale, Loan Modification, Modification, Forbearance, Deed in Lieu, Repayment Plan or Reinstatement.
 

Learn More About Loan Modifications.  

A Loan Modification will give you a fresh start, bringing your mortgage up to date after capitalizing any delinquent interest, escrow, fees, and other costs based on investor guidelines.  

Acting quickly should be your number one priority, we will need to develop a plan, document your current financial situation, and contact your lender to begin negotiations on your behalf in order to stop foreclosure and save your home.