Banks are simplifying the short sale process

Here is an blog post from the Short Sale Savior, an expert Short Sale real estate agent in the New Canaan and Norwalk area:

“There is an online electronic short sale facilitation website called Equator. It has been around for several years and was formally known as REOtrans. They have been a pioneer in simplifying and streamlining the short sale process. They create one spot where everyone involved in a short sale can upload, share and edit information. Before equator most banks required you to fax documents. It was impossible to track and it took forever. With Equator everyone can see all the documents immediately. There is a record of every email sent and it is all stored in one neat place under the correct property.

The good news is that many of the big banks have signed onto this system. Bank of America was the first major bank to totally embrace Equator. They went from the worst bank to deal with to the best with that one move.

Since then GMAC, Wells Fargo, ASC America Servicing Company which is affiliated with Wells Fargo, BSI Financial Services, and Nationstar Mortgage have signed up. I hope that all of the banks eventually sign up or create something similar.

During the transition process from the old system to Equator many of the banks struggle to make things work. Their staff is often slow to adapt and learn new things and it can be a nightmare to get a short sale all the way through the process. Wells Fargo in particular is handling short sales very poorly right now. Hopefully they will work out the kinks soon.

In the end Equator should save everybody time and money!”

For more articles check out:  http://shortsalesavior.blogspot.com/2011/05/banks-are-simplifying-short-sale.html

For more info about Norwalk CT Real Estate visit:  www.ToddTurcotte.com

Just Rented! – Norwalk Apartment

Just Rented!  150 West Cedar # 12 just rented for $1,225 / month.

This 2 BR apartment in Norwalk saw multiple offers, and finally rented for full asking price.  For details on this Norwalk rental visit:

http://CMLS.fnismls.com/publink/default.aspx?GUID=2bc66b0f-8c8f-46f8-8b61-4e994af00922&Report=Yes

For more info on Norwalk real estate visit www.ToddTurcotte.com

* New Listing *

New Listing!  131 Washington St. # 403 was just listed for $1,800 / month!

This fantastic 1 BR condo for rent in Norwalk is located right in the heart of Sono, just steps to shopping, restaurants, bars, and the South Norwalk train station!

For more info about this Norwalk rental you can view the listing:

http://CMLS.fnismls.com/publink/default.aspx?GUID=6cc10d7a-13df-4322-a64d-1d45431724bb&Report=Yes

For info about this rental and all other Norwalk real estate questions, visit www.ToddTurcotte.com

Buy vs. Rent – Which to choose?

Today’s economic climate has challenged the assumption that buying is always better than renting.

While many people have lost faith in the housing market, there is still some hope.  This Trulia.com article highlights the upside of home-ownership, even in today’s market:

http://www.trulia.com/blog/taranelson/2011/04/4_signals_it_might_be_time_to_buy_vs_rent_your_home?ecampaign=cnews201104D&eurl=www.trulia.com%2Fblog%2Ftaranelson%2F2011%2F04%2F4_signals_it_might_be_time_to_buy_vs_rent_your_home

For info on Norwalk real estate, and real estate in lower Fairfield Coutny, visit www.ToddTurcotte

Reduced!

Reduced!  77 Winfield # 5 was just reduced from $1,050 to $995 today.  This Norwalk rental is located in East Norwalk, and is walking distance to the East Norwalk train station.

To view the listing for this Norwalk apartment, click here:  http://CMLS.fnismls.com/publink/default.aspx?GUID=4d58d336-6a99-4572-8a94-4809aac7d832&Report=Yes

For more info about Norwalk Real Estate or to contact Norwalk’s # 1 Real Estate Agent, visit:  www.ToddTurcotte.com

Just Rented! – Norwalk Apartment

Just Rented!  10 Wall St. # 307 just rented for $1,050 / month!

This Norwalk apartment features exposed brick walls, a breakfast bar, and washer / dryer in the apartment!

These apartments go quick!  This one was on the market for only 2 days, and the previous unit was on the market for only a week!  For more info about this unit click here:

http://CMLS.fnismls.com/publink/default.aspx?GUID=e2bb373e-f27e-4359-93b4-89823701ad7b&Report=Yes

For more info about Norwalk rentals, properties for sale, and all things real estate, visit:  www.ToddTurcotte.com

* New Listing *

New Listing!  10 Wall St. # 307 was just listed for $1,050.

This Norwalk Apartment is in a very popular building in central Norwalk, which features exposed brick walls, wooden beams, and offers a washer / dryer in each apartment.

There has been quite a demand for these apartments this year, and we expect this next one to receive lots of interest as well!  For more info on this apartment, click on this link:

http://CMLS.fnismls.com/publink/default.aspx?GUID=5b747adf-154c-4c11-83f9-67b40a0a8b10&Report=Yes

For more info about Norwalk rentals, properties for sale, and all things real estate, visit:  www.ToddTurcotte.com and contact Todd Turcotte, Norwalk’s # 1 real estate agent!

* New Listing *

New Listing!  218 Flax Hill # 10 was just listed for $1,100 / month.

This Norwalk apartment is within walking distance to everything Sono has to offer!  This apartment has a new gas range, and the rent includes all utilities!  There is OFF/ST parking as well.

For more information about this Norwalk rental, click here:

http://CMLS.fnismls.com/publink/default.aspx?GUID=d86bfd13-ac0b-4dea-9a40-d602507bd963&Report=Yes

For more information on Norwalk real estate, including apartments in Sono, visit www.ToddTurcotte.com

 

* New Listing *

 

New Listing!  6 Ledgebrook Drive was just listed for $339,900.

This 2 BR / 2 Bath Condo in Norwalk was fully renovated and updated just 3 years ago.  The complex is professionally managed and offers a pool, just in time for summer!   For more information on this listing, click the link below!

http://CMLS.fnismls.com/publink/default.aspx?GUID=1788cee5-57ad-4b76-a2ca-ea0cbfa65888&Report=Yes

To search for every Norwalk Condo for sale, visit www.ToddTurcotte.com and select “search listings!” from the left hand menu.  Feel free to contact me any time with any questions!

Just Rented! – Norwalk Apartment

Just Rented!  10 Wall St. # 204 just rented for $1,325 / month.

This very unique 1 BR apartment in Norwalk features exposed brick & washer / dryer in unit.  We had multiple offers!  For more info on this unit see the listing link:

http://CMLS.fnismls.com/publink/default.aspx?GUID=ca5be251-5180-4543-a070-5ad84aae7ad4&Report=Yes

For more Norwalk rentals and info about Norwalk real estate visit:  www.ToddTurcotte.com