Windham and Tolland County Foreclosure Resources
The Home Selling Team Distressed Property Rescue Program
The national mortgage crisis has become a local real estate crisis for some homeowners in Mansfield, Storrs, and the surrounding Windham County & Tolland County area. Rising cost of living, incomes not keeping up with adjustable rate mortgages, job loss, inflation, divorce, death, medical bills and homes not appreciating as high as expected are some of the reasons Mansfield area homeowners are experiencing this distressing situation. 1 out of 10 people are in default on their home mortgage payments and they do not know where to turn. Seven out of ten people lose their home to bank foreclosure without any professional real estate intervention whatsoever. The long term ramifications of a home sold in a bank foreclosure is devastating to families and can be avoided. You may be eligible for a short sale.
If you are struggling to make your mortgage payment, please contact us before you are in the throes of a foreclosure action. Home Selling Team Realtors have the expertise necessary to assist you in establishing whether or not you could be eligible for a short sale of your property. We can refer you to the correct resources and guide you step by step through the process.
A foreclosure is damaging to your credit rating and your ability to own a home in the future. A foreclosure will reduce your credit score approximately 300 basis points and remain on your credit report for 10 years or longer. If you have a low credit score and a foreclosure on your credit report you will have a difficult time getting approved for new credit to purchase a car, receive student loans or even be accepted to rent an apartment. A foreclosure on your credit report could affect your insurance rates or keep you from an employment opportunity in the future. If your employer requires a security clearance such as military, police, airport, cashiers and banking to name a few, you could lose your security clearance immediately with a foreclosure. The devastation of losing your home to a bank foreclosure doesn’t stop when the sale is over.
Call Home Selling Team today at 860-456-7653 or fill out the form below and we will contact you for a completely confidential consultation. The financial crisis facing Tolland & Windham County area homeowner’s is temporary. Don’t let a temporary problem become a lifetime nightmare. Contact us now, time is of the essence.
Simply fill in the fields to the right so that we may contact you to provide a customized guide tailored to your specific real estate needs.
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