Welcome to the Foreclosures Page – You Are Currently In Default or Involved In A Foreclosure. 

Whether you are looking for a foreclosure or going through one, we can help you! I have over 20 years of civil litigation experience and have dealt with foreclosures and collection law as a paralegal. I have also listed short sale properties and hones in default.  Moreover, several years ago, I went through a divorce and had to go through a pending foreclosure myself so unlike other agents, I fully understand every side of it including the emotional and financial sides.

Let’s first start with the different levels of the foreclosure process so you can have a basic understanding of how it works and how it relates to real estate. I will try to keep it simple.

In the real estate arena, we see the foreclosure process in 4 parts:

1. The Default Stage – the beginning phase where the property owner is now late in their mortgage payments and probably has received a Default Notice from their bank.
2. The Short Sale Stage – the middle phase where the bank may have agreed to accept less than what the homeowner owes to the bank. 
3. The Foreclosure Stage – the near end phase which is broken down in Connecticut by Strict Foreclosure where the bank takes the deed back and asks you to leave or a Foreclosure By Sale – where the property will be auctioned right on the premises at a later specific date.
4. The “REO” or Real Estate Owned Stage – this is the end stage or time period after the foreclosure judgment was entered by the Court, where the property did not sell at auction and/or the bank took the deed back from the prior owner of the property. The bank now owns the property.

If you want to avoid a foreclosure on your credit reports, you will need options to fight back so that you may have a chance to keep your property, sell your property before it is foreclosed, work a Short Sale with your lender, maybe assign your property over to another buyer if applicable or if all else fails, we might be in a position to actually buy your property to save you from a foreclosure judgment! We understand these stages and can further explain them to you when we get together. We can also recommend a foreclosure attorney for you as well.

Many real estate agents do not understand the foreclosure process and conversely, many legal professionals do not understand the real estate side of things. Although we make it clear that we do not have attorneys on our staff and we do not provide legal advice, I have over 20 years of civil litigation experience as a paralegal – some of which was in foreclosure litigation, have been in real estate as an agent and then a broker since 2007, have been flipping properties since early 2015 and spent over 10 years researching foreclosures and real estate investing in foreclosures. I feel confident that my experience and options Sanford REI can provide you, will help you when you may need help the most! Please let me help you with your Default, Short Sale, Foreclosure or REO property now! Call John Sanford now at (203) 721-4710.

We look forward to working with you!

Thank you!

John Sanford, Managing Member and Real Estate Broker at Sanford REI.