Short Sales

Mansfield Area Short Sales-A Trip to Short Sell Hell

Mansfield Area Short Sales-A Trip to Short Sell Hell

By Brian on May 19th, 2013
In my previous blog posts about Mansfield area short sales I  addressed  the condition of some of these properties and the difficulty in showing and marketing a property that a seller can no longer afford to maintain or has lost the motivation to do so.   This, coupled with a lien holder’s reluctance to assist the ... [Continue Reading]
Selling a Mansfield Short Sale-No Easy Sell

Selling a Mansfield Short Sale-No Easy Sell

By Brian on May 13th, 2013
We have some short sales for sale in Mansfield and other local towns. In  a previous post  I discussed the condition of some of these homes and the difficulty in showing them when maintenance is in a downward spiral. Most of the Realtors at Home Selling Team have the Certified Distressed Property Expert (CDPE) designation.  ... [Continue Reading]
Staging Fails: Mansfield Area Short Sales

Staging Fails: Mansfield Area Short Sales

By Brian on March 25th, 2013
When a property we have listed is shown by an agent  who is not the listing agent we often get feedback following the showing.  Feedback can be useful to us as the listing agent in getting the property sold (we relay the feedback to the seller and if needed, adjust the price accordingly) or completely ... [Continue Reading]
Mansfield Area Mortgage Delinquency Rate Declines

Mansfield Area Mortgage Delinquency Rate Declines

By Brian on March 8th, 2013
Fannie Mae reported that the current Single-family serious delinquency rate is 3.18% the lowest since March 2009. The rate peaked at 5.59% in February 2010.   A serious delinquency is defined as 3 months or more past due or in foreclosure. In “normal” times this rate is usually under 1%, so all is not “normal” yet and ... [Continue Reading]
Fiscal Cliff Could Leave Mansfield Tolland Area Homeowners Dangling

Fiscal Cliff Could Leave Mansfield Tolland Area Homeowners Dangling

By Brian on December 13th, 2012
Hopefully by the time you actually read this we will have averted disaster and not gone head first off the “fiscal cliff”.  If you don’t care to read this, please skip ahead to this link and take action! The Mortgage Forgiveness Debt Relief Act, which I addressed in a previous blog post  is set to expire December 31, ... [Continue Reading]
False internet rumors about “real estate transaction tax” worry Mansfield area taxpayers

False internet rumors about “real estate transaction tax” worry Mansfield area taxpayers

By Brian on November 19th, 2012
If you have been receiving chain emails regarding a new tax on real estate transactions effective January 1, 2013:  Do not despair!  It is not true. The new 3.8% tax, which has been referred to as a new Medicare tax on unearned income, will take effect in 2013 but not affect anyone until 2014.  Because ... [Continue Reading]
Eastern CT Homeowners Can Benefit by Mortgage Debt Relief Bill Extension

Eastern CT Homeowners Can Benefit by Mortgage Debt Relief Bill Extension

By Brian on August 15th, 2012
Would you like more taxes this year? The Mortgage Forgiveness Debt Relief Act extension bill was approved August 2, 2012 by the Senate Finance Committee to extend the debt relief to distressed homeowners until the end of 2013. The current expiration date is December 31, 2012. This bill still requires full Senate support and may ... [Continue Reading]
Mansfield Area Short Sale Assistance

Mansfield Area Short Sale Assistance

By Brian on May 26th, 2012
It is more common to see foreclosed homes owned by Freddie Mac, Home Path, Fannie Mae now listed & selling through the MLS. We have been receiving increasing inquiries from distressed home owners regarding selling short or for advice regarding a pending foreclosure action. Due to the higher demand we have added a section to ... [Continue Reading]
Hebron CT Sold Real Estate

Hebron CT Sold Real Estate

By Brian on March 21st, 2012
Home Selling Team has recently added sold data for 19 towns in Eastern Connecticut to our website. Advice on pricing your Hebron home competitively for sale in today’s market and the consumer’s ability to access accurate data in helping determine a realistic price is now readily available in one location at homesellingteam.com. Click here to view ... [Continue Reading]
Eastern Connecticut Short Sale Update

Eastern Connecticut Short Sale Update

By Brian on June 15th, 2011
April 2011 Report Highlight The share of distressed sales, both short-sales and foreclosures, surged relative to TOTAL sales in Connecticut and other New England states during the 1st quarter. With no tax credit in 2011, fewer traditional sellers are on the market and entering the sales mix. Foreclosures sales rose from 8% of total home ... [Continue Reading]
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