Law Offices of Charles A. Maglieri
Bloomfield 860-952-3674
Brooklyn 860-541-5407

foreclosure alternatives Archives

Understanding the power of short sale agreements

Navigating the language associated with Connecticut mortgage agreements might be challenging for those unfamiliar with real estate or finance. This challenge is compounded if the need for understanding comes along with a stressful situation, such as a bank compelling a homeowner to satisfy debt agreements. Regardless of the situation, it could benefit mortgagees to know their options. Here is some information on the loss mitigation process, one such alternative to formal foreclosure.