Author: Andrzej Walter Lipski

The increasing trend of rising foreclosure rates across America is a reality that significantly influences the Connecticut real estate landscape. The housing market, known for its inherent volatility, is subject to the whims of fluctuating property values, evolving regulations, and unpredictable economic shifts. These dynamics pose challenges for both homebuyers and sellers as they attempt … Continued

When it comes to purchasing a home in Connecticut, buyers typically encounter three primary types of sales: traditional sales, short sales, and foreclosures. Each category offers its unique set of advantages and challenges, and understanding these can significantly influence a buyer’s decision. While short sales and foreclosures often present more affordable options, they come with … Continued

In Connecticut, homeowners grappling with the prospect of foreclosure face not only the potential loss of their home but also the looming threat to their credit health. Not only does it mean the loss of a home, but it can also have a significant impact on one’s credit score and financial future. Fortunately, there are … Continued

If you’re concerned about your property going into foreclosure due to circumstances beyond your control, the optimum scenario would be to work with your lender for a resolution before things go any further. However, going through the foreclosure process can be made easier when homeowners understand what lies ahead, so read on as we explore … Continued

The wheels that drive the foreclosure of your Connecticut house turn very slowly, and there is ample opportunity to steer the ship in a new direction and salvage your future. Sadly, foreclosure is entirely avoidable, yet lives are often damaged for years because homeowners weren’t fully informed of the consequences and took no action to … Continued

Pre-Foreclosure vs Foreclosure are two terms that are commonly used in the real estate industry. While these terms may sound similar, they have very different meanings and implications for both homeowners and potential buyers. In Connecticut, homeowners may find themselves facing the challenging situations of pre-foreclosure vs foreclosure. Understanding the nuances of these two terms … Continued

When you file for bankruptcy while owning a home, your property becomes a crucial part of the bankruptcy estate. This inclusion means that, along with other assets, you may need to sell your house during bankruptcy as part of the process. Recent trends have shown a significant uptick in bankruptcy filings, with Chapter 13 filings … Continued

Owing more than your house is worth is not a favorable position if you should need to sell, even more so if you are under pressure to sell quickly for personal or financial reasons. Often already under a great deal of stress, taking on the sale of a house can seem like an overwhelming proposition. … Continued

Being upside-down on your mortgage, where you owe more than the current market value of your property, is a challenging situation for any homeowner. This predicament can arise from various factors, such as overpaying in a bidding war, falling behind on mortgage payments, or experiencing a dip in property values. If you find yourself in … Continued

Stopping the foreclosure process of your Middletown home can be difficult, but not impossible. Dealing with the banks, negotiating terms, and stressing over your mortgage can feel completely unbearable, but luckily you have lots of options available to you. Foreclosure is more common than you might think and can affect millions of Americans every year. … Continued