NOD – Notice of Default

What Does Notice of Default Mean in Real Estate?

Posted by JD Esajian // September 1, 2022

Have you found yourself staring at a Notice of Default? In its simplest terms, a Notice of Default is the first step a bank or lender will take toward the process of a non-judicial or judicial foreclosure on a property, most likely due to an outstanding loan. No one wants to deal with the tiresome […]


more >>

Understanding the Short Sale Process

Posted by CT Homes // February 3, 2022

short-sale

A lot has changed in the world of real estate over the last decade. As difficult as it may be to believe, the mortgage collapse was over ten years ago. A defining term that emerged shortly after the collapse was the “short sale”. There is a good chance that even if you were in real […]


more >>

What To Do If You Can’t Make Your Next Mortgage Payment

Posted by CT Homes // April 28, 2020

Mortgage

As financially damaging as the mortgage collapse of 2009 was, it wasn’t nearly as widespread as what we are currently facing. There are many people in various sectors who are currently not earning a paycheck or generating income. Savings have been exhausted and paying everyday bills has become more difficult. Fortunately, the government has thrown […]


more >>

The Impact Of A Foreclosure On Your Credit Report

Posted by CT Homes // September 27, 2019

credit-report

There are few things more impactful to your financial health than a foreclosure. Aside from a bankruptcy, a property foreclosure is one of the worst things that can negatively affect your credit. Not only does it hurt your credit in the short term, but it has a lasting impact that could take years to recover. […]


more >>