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Are you experiencing increasing difficulty making your monthly mortgage payment?
Are you currently in default on your mortgage?
If you answered YES to either of these questions then we can help you. Peter & Laura Testa are Connecticut Licensed Realtors specializing in Short Sales. They have successfully completed dozens of short sales resulting in a 100% successful completion of every deal they have taken on.
What if my home is worth less than when I bought it?
What if I don't have the money to pay for a Realtor?
A short sale is a sale of real estate in which the sale proceeds fall short of the balance owed on the property's loan. It often occurs when a borrower cannot pay the mortgage loan on their property, but the lender decides that selling the property at a moderate loss is better than pressing the current debtor. Both parties consent to the short sale process, because it allows them to avoid foreclosure, which involves hefty fees for the bank and poorer credit report outcomes for the borrower.
Realtor fees, Attorney fees, Home Owner Association fees (& many other costs) are covered by the Lending Institution. There is never a fee to take your short sale.
Take a look at just a few of our SHORT SALE SUCCESS STORIES

SOLD! JUNE 2009
16 Grace St., Danbury
Listed at $199,000, SOLD for $202,000
SOLD! JUNE 2009
84 Hayestown Rd., Danbury
Listed at $279,000, SOLD for $280,000
SOLD! MARCH 2009
32 Wondy Way, Danbury
Listed at $249,999, SOLD for $235,000
ASK US FOR OUR COMPLETE LIST OF SHORT SALE SUCCESSES. REFERENCES AVAILABLE.
If you are interested in finding out more about doing a Short Sale on your property contact Peter Testa at (203) 442-3873 or Laura Testa at (203) 648-6648.
Peter & Laura Testa - Nationwide Homes & Consulting - 57 North St., Suite 322, Danbury, CT 06810
The Standard & Poor's/Case-Shiller home price index of 20 major cities climbed 1 percent from July and home prices rose for the third straight month in August. A key sign for a broad and sustained housing recovery, the latest index numbers show a widespread turnaround with prices rising month-over-month in 15 metro areas since June. If increases remain consistent we can safely assume that we have seen the bottom of a declining market in a majority of the major cities referenced in the index.
Although the majority of markets have seen a turnaround Prices in Las Vegas prices have plunged by 56 percent since peaking in April 2006. Vegas has the largest peak-to-trough decline of all 20 cities in the index.
U.S. Department of the Treasury Secretary Geithner announced details on the expansion of the Making Home Affordable program to include short sales under the new Foreclosure Alternatives Program. Financial incentives for servicers and borrowers include
Reasonable and customary real estate commissions and selling costs will be permitted and the servicer will agree not to negotiate a lower sales commission after an offer has been received.
Program 3648, a privately owned, nationwide initiative, originally based on HR 3648 the Mortgage Forgiveness Debt Relief Act, is leveraging this and other legislation to help as many homeowners as possible avoid foreclosure by completing a short sale.
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