Legal Question in Real Estate Law in Connecticut

My husband and I were laid off from the same company in Oct. 2009. We had to put our beautiful home up for a short sale (we bought at peak time in 2006) In CT. We didn't qualify for the Obama recovery first we made too much then when didn't make enough...go figure!! Here's our situation we've had a qualified buyer since Jan. 2010 and the bank finally agreed to it only if we sign a promisary note the insurance company wants for PMI of 35,000, the reason we are selling the house is because we don't have money. Is there a way out of this mess?? Do we still owe anything if we let them foreclose?? We don't have any money!! What's the best way to handle this? Please help I need an answer by Tuesday. My name is not on the mortgage but is on the deed, does that matter?


Asked on 5/29/10, 7:10 am

2 Answers from Attorneys
Linda Subbloie Linda A. Subbloie, Esq.

You should call a lawyer.

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Answered on 5/29/10, 5:59 pm
John Serrano Serrano & Serrano, LLC - Connecticut Accident, Social Security & Divorce Lawyers

You need to speak to a lawyer. You may have some options but more information is needed. You may call my cellphone this weekend 860.977.0660. Leave a message if I am not able to pick up.

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Answered on 5/29/10, 8:10 pm


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