Let’s face it: the lenders for the past half century know that 5-10% of their borrowers will face a hardship such as loss in income, loss of a job, divorce, unexpected medical bills, death of co-borrower, job relocation, etc. And they know that these typically long-term hardships restrict borrowers from paying the mortgage payment in full.

Although lenders do not want to do short sale and take a loss, they are acutely aware that a foreclosure often takes years and costs significantly more. And in the end, once they own the property, they have to sell it for what its currently worth anyway, and pay to foreclose the home with all closing costs to resell it, so that they can maintain the home after they foreclose. Not to forget, they also have to pay commissions when they eventually resell it. Add this to the fact that housing values may decrease and the home’s condition may deteriorate, or it may even get vandalized. This is why it is often in the best interests of banks to solve their problem loans as quickly as possible.

With a short sale, a property can be sold and the loan can be taken off the homeowners’ books fairly quickly. If they pursue a foreclosure, they run the risk of the court foreclosure process taking a substantial amount of time during which the value of the property is depreciating. Many states have forced mediation laws which tie up the court process for a year or two. Add this to the fact that lenders know that a borrower may file for bankruptcy, be discharged of the debt entirely, and force a stop to legal proceedings while the bankruptcy court decides the case.

Also, buyers will write low ball offers when they know that a bank owns the property. These banks often make it hard for buyers to buy it since they have very restrictive addendums in the sales contracts forcing buyers to buy in as-is condition. Plus, they typically don’t make repairs, making it hard for buyers to get regular loans.

Finally, the banks are not in the property management business, as frankly, it’s not their area of strength. If they foreclose, they will have to maintain the lawn, keep the utilities running, and buy expensive vacant property insurance. And when they resell, they will have to list the home and pay a commission anyway, like we said.

So, you can see why most banks and lenders want to go the short sale route and get the loan paid off with minimal hassle.

Please fill out the form on the top right or call us now for a free private confidential call. There is absolutely no cost to you.. So why not create more options for yourself?

We get results and you will be glad you did. To Get Started Simply click the Get an offer Link below. Remember there is no obligation on your part and there is no cost to you to simply get an offer. Or if you prefer give us a call at 800-404-7184

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How the Short Sale Process Works Basically after discussing your personal situation and answering any questions most lenders require (which we will provide) a hardship letter, 2 months of bank statements, 2 most recent pay-stubs & 2 prior year tax returns (only if you filed). We work with them to submit these items with an offer. Typically they will assign a short sale negotiator within 30 days and order an appraisal which they then use to determine how much to accept. In the mean time they typically hold off on the foreclosure until a decision is made. Once they accept the short sale and the offer they then will fax a short sale approval stating the conditions. Typically they pay all the closing costs, they accept less than what is owed, they stipulate also that they wont pursue the borrower for any losses (called a deficiency judgement).

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5 Things Most People Don’t Know about Short Sales         

What Our Clients Say About Us…

We appreciate all feedback, positive or negative, so that we may continue to improve our quality of service. Please take the time to drop us a line by completing one of our Contact Us forms or sending us an email. Thank you.

Sellers

“I appreciate that within a half hour after I called we were talking to a professional Representative who had extensive experience. We were given an offer the same day. ” – John W.

“Hi I wanted to write a note of thanks. When I called I was extremely Skeptical but really wanted to sell my home. Ron called me within minutes of calling and walked me through the process and answered all my questions. He came out the next day and I had an offer in hand. We closed by the end of the month. As he told me on the first conversation there was no cost to me to get an offer and I was under obligation to sell my home, but I am sure glad I called. Now my home is sold and it was hassle free, it was as is, and I put more money in my pocket than I expected.” – Natalie M.

“When I called I was interested in selling my home because I recently got married. The team at Capital Area Home Buyers was quick to call me after I entered my information on the Web form. They explained to me the home values in my area and told me how much they could offer. Although the offer was not what I needed, they referred me to a top realtor who sold my home in 4 days. Thank you so much ”

Barbara S.-

“When I started to call these we buy houses companies I found on the internet I most of them did not return my calls and most of them were not a local company. I was happy when I received a call from Capital Area Home buyers literally 15 minutes after I called in. Right on the phone they were able to answer any questions with me , there was no high pressure like those other companies. After 10 minutes on the phone Ron was able to give me an offer subject only to seeing the home. We closed very quickly there after.”  -Fred E.

“You quickly came to our rescue. We were in desperate need to sell our home. You came to bail us out and have tremendously helped us through the entire process. Thanks to you we got what we needed to sell our home and now we’re able to purchase our dream home. Thank you so much on behalf of my husband and I.”  – Yordana M.

“You worked the details out for me and were very pleasant and accommodating with the sale of my home and the paperwork, as well as just communicating with me. I would recommend you to anyone who needs to sell their home quickly or hassle-free.”  – Cheryl K.

The transaction went smoothly, You were honest and professional in your dealing with us. This would serve as a recommendation to prospective customers.”  – John P.

“At at time when the housing market seemed to come to a halt, we found a way out from under our house we had been trying to sell for many months. Though we are just in the early stage of our relationship, you have been very straightforward and prompt in answering all our concerns and questions.”  – Richard S.

“You were very professional and thorough. You took the time to explain the details we did not understand. We were saved from foreclosure.”

– Richard M.

“I would not hesitate to engage their services in any real estate transaction. These are honest, hard-working people that have earned my respect and trust.” – Steve S.

“My experience working with Connecticut We Buy Houses was  great. They are real friendly and know their job. If I were a home buyer”

– Annie D.

You have distinguished yourselves as excellent landlords. I would add that you are very hard-working and always pay attention to details.”

– John O.

“You have been very helpful with house issues, and repairs have been performed quickly and painlessly for us. You are easy to deal with and responsible, and we recommend you wholeheartedly!”  – Julie F.

I really thought that there were no more alternatives. You not only took the time, but went the extra mile. You not only welcomed us, but made sure we were satisfied. You are the kind of landlord everyone is seeking. We are so excited to be in our new home.” – Ronald M.

Before meeting with you, I was very nervous, but once I met with you I felt relaxed right away. You weren’t in an expensive suit carrying an expensive suitcase; you dressed casual and talked very down-to-earth. The process was fast and simple. You also gave us solutions on how to clear up our credit. You don’t meet any people like that these days. I feel really blessed to have people like you as landlords.” – Tina H.

“He Did Everything He Said He Would Do and THEN Some!”

To Whom It May Concern,

“I would like to thank Ron from Connecticut We Buy Houses, because he helped me out of a bad situation and did everything he said he would do and then some!

“Last year, I lost my job, and was not able to make my house payments any more.  Having two small children, I began to get nervous, because I wasn’t sure what was going to happen to us.  I started getting letters in the mail, saying that I needed to pay, or I was going to get foreclosed on, and would be out on the street!  After crying for a few days, I decided to take action, so I started to call a few ads in the paper, looking for somebody who would be able to buy my house and help me out of my situation.

“I talked to a few people, but no one seemed to be in any kind of position to help me out.  I briefly explained my situation, and he said he thought he could help!  We set a time for him to come and look at my home.  He told me that if everything was ok, he could buy my house on the spot!

“I didn’t want to get too excited, because I’d gotten my hopes up before, only to be disappointed.  But, when Ron came out (with his associate, Brett Cohen), he looked around, sat down, looked me in the eye, and said that he would buy my house right now!

“It was as if a wave of relief came over me!  He then pulled out a few papers, we signed them, and that was it!  He was going to solve my problems for me!

“But, that was not the best part!  After that, Ron helped me find a new place to live.

“Today, my children & I are off to a fresh start, my credit was saved, I’m working again.

“We No Longer Have the Burden of an Extra House Payment Coming Out of Our Income!”

To Whom It May Concern,

“My wife and I are so thankful for Ron!  As a result, we did not have to declare bankruptcy, our credit is saved, and things are a LOT better for us financially!  Not to mention that he took a MAJOR cause of stress out of our lives!

“We no longer have the burden of an extra house payment coming out of our income!”

“I Wouldn’t Hesitate to Recommend Their Services!”

“Our Transaction was on time & Seamless!”

“Connecticut We Buy Houses were very easy to deal with.  Our transaction & purchase was on time, & seamless.

“Ron from Connecticut We Buy Houses  is an honest, ethical person who’s very trustworthy!

“We look forward to doing a lot more business with him, and as quickly as possible!”

I wanted to Sell My House as Fast as Possible

“I didn’t want the property just sitting for months waiting for the right buyer to come alone. I wanted to sell as quick as possible. Connecticut We Buy Houses were the people that I called. It was through a google  advertisement. I must say it was quick and easy. They worked expeditiously to get me to settlement, and that’s what I wanted. I can’t say enough about the customer service, purely professional, courteous and nice. A special thanks to the whole team. Everyone I dealt with had a great attitude. Thanks Connecticut We Buy Houses. Job well done.”

Gregory McFarland

We Needed to Sell A House Fast

“We were very desperate to sell our house fast. Everyone we dealt with at Connecticut We Buy Houses was very knowledgeable and friendly. They made the whole process extremely easy for us and the turn around time on the sale of our house was quicker than we could have imagined! We had to do nothing but sign a few papers! Thank you all so much!” –  Charles & Ana Smith

Connecticut We Buy Houses Kept Their Promise to Buy My Home in Seven Days

“I would just like to thank Connecticut We Buy Houses for keeping their promise of buying my home in seven days. The settlement process was quick and not paying real estate fees/commission is a plus. The staff was very helpful to me and answered all my questions from the beginning to the end of the process. I would recommend this company to anyone who would like to sell their home quick and stress free.”

Tonya A.

We Needed To Sell a House and Other Realtors Were No Help

“Before going with Connecticut We Buy Houses we were meeting with a realtor and found it was going to be difficult to show our home with the animals we had. Connecticut We Buy Houses made it simple from the beginning. A few simple meetings and we were able to sell our house to their friendly staff with no problems. We didn’t have to worry about making costly repairs or anything! In the end we were able to get money for the house we really wanted.” -Justine Davis

Help Selling My Inherited House

” My father passed very suddenly and I didn’t know what to do with the house he had lived in. It needed a lot of work and I couldn’t afford to make the repairs that were needed. I called and spoke with Justin, he stepped right in and helped me every step of the way. The process was very simple and FAST! From beginning to end it took about 30 days!! He was so kind and helpful I hope to send more business his way! Thanks Connecticut We Buy Houses, special thanks to Justin Lee for being so gracious and making the process simple and FAST! ”

Kim Prisell

Four Days From Start to Finish to Buy My House!

“Connecticut We Buy Houses did an excellent job buying my house; I called on a Monday and settled on that Thursday. They understood my immediate need to sell my property and made every effort to accommodate me. They even paid closing costs they didn’t have to just to get the deal done. I would not hesitate to use them again. Every person I spoke with in the office was helpful and courteous. It is a great organization for people who need fast results. Thanks.”   -Thomas F.

Connecticut We Buy Houses was the First Company I Truly Felt Comfortable With

“Dear Connecticut We Buy Houses: I want to sincerely thank you for making the process of selling my home a pleasant one. I had talked and met with several other investors and companies about selling my home before I spoke with you. You were the first company that I truly felt comfortable with. You did everything you said you would do and you patiently explained the entire process to me several times. I appreciate your honesty and professionalism. I would recommend you to anyone selling their home!” – Trudy B.

My Inherited House Needed Work

“I Lived 2 hours away from the home I and my brother inherited. The tenants moved out and left a big mess. I needed a quick sale that was as is. Connecticut We Buy Houses helped me clean the problems with my title and we got our check wired us right after the sale without having to drive 2 hours to closing.” – J. Maxwell

Facing Foreclosure

My husband lost his job recently and we were 6 months behind on payments and facing foreclosure.

Avi from Connecticut We Buy Houses , met with us within ours after we called. He explained the short sale process to us , explained how much time we had in the foreclosure process. Got it so we could stay 4 more months in our home without paying the mortgage which is what we needed. He then got the bank to accept a short sale and the bank put in writing that they would not come after us for any of the losses. The bank even gave us 3000 in relocation assistance. Thanks Avi

J Bennett,

We Could Have Saved Time and Money Had We First Called Connecticut We Buy Houses

“I was impressed with Mr. Ron  from my first contact with him. When I explained my personal situation and the urgency of it, he expressed his concern for my situation and acted accordingly. Prior to calling Connecticut We Buy Houses, we spent lots of time and money getting the house ready for sale and hauling away unwanted items. Tom explained that had we called Connecticut We Buy Houses, they would have taken care of the costs of that. On the very same day we called, he scheduled an appointment for me to meet with a contractor to do an assessment of the home. That very afternoon, he contacted me via telephone with an offer. Later that evening he sent me an email regarding certain information that was needed and offered to request the information for me in order to expedite it for me. The very next day he met me and my husband at our home to ratify the contract. He also explained that he would try to close the deal “by the end of next week” (which would be 7 days). I asked if he could do it sooner it would be appreciated. Four days later I received a call from Tom to schedule a settlement date. We settled and the money was in our bank account the very next day. Tom not only met but exceeded our expectations. He is definitely an asset to your company. I will recommend Connecticut We Buy Houses ”

Liz M.