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Short Sale Your Home

Connecticut Short Sale Specialist
Receive an avg $3,000 for Relocation Assistance

 

Name:
E-Mail:
Phone:
Property:
Message:

For immediate assistance, TEXT or Call:
Phil Zimbardi
Short Sale Specialist
203.936.7776




Short Sale Frequently Asked Questions

1. How much does a Short Sale cost?
.. There is no cost to pursue a short sale, and the lender almost always covers all the closing costs.

2. How does your company get paid to do a Short Sale?
.. We are a real estate broker and the lender allows for a standard real estate commission to be paid to us at closing.

3. What happens to the unpaid balance?
.. Most lender(s) will consider the debt settled and waive their right to pursue any remaining balance. The lender will issue a 1099 (gifted income) at the end of the year which you're tax preparer must include. You should discuss any tax implications with your tax advisor and ask about possible tax waivers like insolvency. We have not had a tax advisor recommend a foreclosure to a client over a short sale.

4. How long does a Short Sale take?
.. The timeline can fluxuate greatly. If everything goes our way, it can be as little as 3 months. If the bank gets a high appraisal and we can't get a matching offer, then it could take over a year.

5. What if I have IRS tax liens and/or credit card liens?
.. We can also remove IRS liens and credit card liens to allow the sale of the house. However, the IRS debt will still be owed.

6. Can I get money at the closing?
.. Most lenders will allow $3,000 for relocation assistance, and he have had several borrowers get over $20,000 (upto $35,000). This is however completely upto the lender. It is not a negotiation, they will notify us during the process if their is an incentive.

7. Should I move out right away?
.. No. A vacant property can sometimes disquality you for a short sale. Lenders expects the home owner to maintain the property (grass, snow, heat) during the sale process to fetch fair mark value. Also if a lender sees it is vacant, that gives them an easy opportunity to weigh the costs of a faster foreclosure without any eviction costs.

8. Do I have to miss a mortgage payment to qualify?
.. In many cases no. It's advised to pursue a Short Sale immediately upon determining that you will not be able to keep the house, now or in the future.

9. Why shouldn't I just let the house take the house in Foreclosure?
.. Foreclosure is the absolute worst outcome possible and can usually be avoided. Even after a foreclosure, the borrower still owes the bank for their loses and they will get a deficiency judgement to pursue ongoing collections. Many borrowers then file for bankruptcy. Foreclosure and Bankruptcy are the worst hits to your credit and will be on the report for 7+ years. There is a lot of stress that comes along with not being in command of the process and just waiting for the bank to take the house. Many people will live constant fear for years avoiding calls and door knockers. All of this can be avoided by taking action immediately with a cooperative Short Sale.


Mortgage Lenders, Banks, and Loan Servicing Companies

Bank of America Bayview Loan Servicing Citi Fannie Mae HSBC JP Morgan Chase Ocwen McCue Mortgage Select Portfolio Servicing (SPS) US Bank Wells Fargo

  1. Bank of America (BOA)
  2. Bank United
  3. Bay View Loan Servicing
  4. Citi Bank
  5. Citizens National Bank
  6. JP Morgan Chase
  7. Deutsche Bank
  8. Federal IRS
  9. Fifth Third Bank
  10. Seterus
  11. First Niagra Bank
  12. First Republic Bank
  13. Guilford Savings Bank
  14. HSBC National Bank
  15. Liberty Bank
  16. M&T Bank
  17. McCue Mortgage
  18. Ocwen
  19. One West Bank
  20. People's United Bank
  21. Savings Institute
  22. Select Loan Servicing
  23. Shellpoint Mortgage
  24. SLS
  25. Sovereign Bank
  26. Select Portfolio Servcing (SPS)
  27. TD Bank
  28. Union Savings Bank
  29. US Bank
  30. Wachovia
  31. Webster Bank
  32. Wells Fargo


We Short Sale Houses in CT
City Zip Codes
Ansonia 06401
Avon 06001
Berlin 06023, 06037
Bethany 06524
Branford 06405
Bridgeport 06601, 06602, 06604, 06605, 06606, 06607, 06608, 06610, 06650, 06673, 06699
Cheshire 06408, 06410, 06411
Clinton 06413
Cromwell 06416
Darien 06820
Deep River 06417, 06419
Derby 06418
Durham 06422
East Haven 06512
Easton 06612
Essex 06426
Fairfield 06430, 06431, 06432, 06824, 06825, 06828
Farmington 06030, 06032, 06034, 06085
Glastonbury 06025, 06033, 06073
Guilford 06437
Hamden 06514, 06517, 06518
Killingworth 06419
Madison 06443
Milford 06460, 06461
Monroe 06468
New Haven 06501, 06502, 06503, 06504, 06505, 06506, 06507, 06508, 06509, 06510, 06511, 06513, 06515, 06519, 06520, 06521, 06530, 06531, 06532, 06533, 06534, 06535, 06536, 06537, 06538, 06540
Newtown 06470
North Branford 06471
North Haven 06473
Northford 06472
Norwalk 06850, 06851, 06852, 06853, 06854, 06855, 06856, 06857, 06858, 06859, 06860
Old Lyme 06371
Old Saybrook 06475
Orange 06477
Oxford 06478
Prospect 06712
Rocky Hill 06067
Seymour 06483
Shelton 06484
Southington 06489
Stamford 06901, 06902, 06903, 06904, 06905, 06906, 06907, 06910, 06911, 06912, 06913, 06914, 06920, 06921, 06922, 06925, 06926, 06927, 06928
Stratford 06497, 06614, 06615
Trumbull 06611
Wallingford 06492, 06493, 06494, 06495
Waterbury 06701, 06702, 06703, 06704, 06706, 06708, 06720, 06721, 06722, 06723, 06705, 06710, 06724, 06725, 06726, 06749
Waterford 06385
West Hartford 06107, 06110, 06117, 06119, 06127, 06133, 06137
West Haven 06516
Westbrook 06498
Weston 06883
Westport 06880, 06881, 06888, 06889
Woodbridge 06525
Woodbury 06798


DISCLOSURE:
TOP END Properties is not associated with the government,
and our service is not approved by the government or your lender.
Even if you accept this offer and use our service, your lender may not agree to change your loan.



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