Connecticut Homeowners Facing Possible Foreclosure - If It Sounds Too Good to be True…

It totally is.  Always.  And this doesn’t just go for Connecticut homeowners who may be facing foreclosure or a short sale.  This pertains to all things.  We do not want to see you taken advantage of - especially if you are in a difficult situation with your home.  Honestly, you’re never going to get a car (that runs and has a radio) on Craigslist for 100 bucks, and if someone claims they can get you out of foreclosure fast and easy…they are lying and you need to be very careful.

Red Flags for Connecticut Homeowners at Risk of Going Into Foreclosure - Learn ‘Em, Love ‘Em, Live ‘Em!

First and foremost, a big fat up-front fee is generally a HUGE warning sign.  They promise the moon, and you only get a big hole in your checking account.  And let’s face it, if you’re researching how to stave off the wolves from your door, giving someone a big chunk of money up front usually qualifies as a SERIOUSLY Bad Idea. 

Please note – anybody who wants you to sign over the deed to your Connecticut home?  Bad business.  Period.  Don’t do it.  No legitimate housing counselor will ever ask you to do this.  Repeat:  Nobody legit will EVER ask for your deed to be signed over.  EVER!  An example of a scenario they might use: They’ll offer to buy your house and ‘rent’ it back to you.  If they advise you to circumvent your mortgage lender and work directly with them… Bad Business.  Advising you to not talk to your lawyer?  Bad Guy. Be careful. Any of these things happen? WALK.

Help is on the Way!

The good news is not everybody is out to take advantage of Connecticut homeowners who may be in trouble with their mortgage.  There are plenty of honest hardworking  people that can and want to help you.  Check here for certified, legitimate counselors.  These guys can also lend you some advice (not money, a home loan that does not have favorable terms is probably what got you into this mess in the first place). Talk to your lender. Talk to us. Talk to someone.

If you think you’re in trouble, or are about to be in trouble…ASK FOR HELP EARLY.  Lenders (especially in the state of things these days) want to work with you. They want your payments…much more than they want your house. Trust me on this. Just don’t wait too long – once the wheels start turning, it is harder to pull out of it. 

You Are Not Alone and There is Help for Homeowners Concerned about Foreclosure

If you’re in trouble, you aren’t alone!  But don’t go grasping at straws…be smart about this, and if you need us, we can help you get through it.  We have a great team of foreclosure specialists and short sale specialists if you need to look at these options; we are hoping you will not, but we understand if you do. Too many CT homeowners were told that refinancing their home would be easy in the future ”if ever they needed to.”  And now they cannot due to changes in the refinancing requirements.

No One Told Me The Rules Could Change

The rules have changed and it is hurting many homeowners.  Connecticut homeowners call us on a regular basis because they want to know how much their homes are worth to see if they have 20% equity in their home.  20% equity on a home that they bought 2 or 3 years ago…….that they were given 100% financing for…… bottom line, many of the homeowners who need to refinance the most, simply cannot through the standard channels – if this is causing you to face possible foreclosure, you need help and guidance from a  professional.