Carol Hanlon, Coldwell Banker

09/17/2026

I just sold this property for 43.2% above asking with multiple offers within the first week on the market. Best of luck to my wonderful clients as they embark on their new chapter.

09/17/2026

The biggest caveat when buying a foreclosed home is that it is typically sold as is, which means the bank is not going to fix any problems. And there may be plenty of them, considering that some foreclosures may have been neglected due to the previous owner's financial strain. And unlike a traditional home sale, in which disclosure requirements force owners to reveal a home's every flaw, there's no such legal stipulation in a foreclosure. What you see (or don't) is truly what you get. If you have been thinking of making a move in 2026, call me today at 203.240.1233

09/15/2026

What to know about buying a foreclosed home: While foreclosure is hardly a pretty story for the home's previous owners, it can be a bargain bonanza for buyers. Since banks are often eager to unload these foreclosure properties, they aim to break even with an asking price that's typically the sum of the remaining mortgage note plus interest, lawyer fees, and penalties. On average, this ends up totaling about 15% below the home's actual value—and if you want to buy a foreclosure, you'll find it often sells for less than asking price. If you have been thinking of making a move in 2026, call me today at 203.240.1233

09/14/2026

I am pleased to share that I have just listed this completely updated home at 26 Abbott Ave. in Ridgefield. Stroll to Main Street, schools, theatres and all that downtown Ridgefield offers!

09/10/2026

Buying a foreclosed home can be a good way to score a deal while hunting for real estate. A foreclosure is a house whose owners were unable to pay the mortgage or sell the property. As a result, the real estate lender assumed ownership and is now trying to sell it to recoup some of its costs, typically for an attractive price. If you have been thinking of making a move in 2026, call me today at 203.240.1233

09/09/2026

09/08/2026

Real estate–owned properties, or REO properties, are houses that have been seized by banks or other lenders from people who are unable to pay their mortgages. Essentially, it's a foreclosure that has been seized by the bank. When real estate lenders offer mortgage loans, they see them as an investment, because they will earn money from the interest on the loan. So to salvage their investment, banks foreclose on homes with unpaid mortgages and sell the properties at a foreclosure auction. If a home doesn’t sell at auction, it becomes an REO. If you have been thinking of making a move in 2026, call me today at 203.240.1233

09/07/2026

Happy Labor Day!

09/03/2026

Monthly costs in a co-op work differently too. Maintenance fees usually bundle property taxes and the building’s underlying mortgage into one payment. Shareholders who itemize taxes may be able to deduct their share of those costs on federal returns. However, many co-ops also charge a flip tax of about 1% to 3% when you sell, which can reduce your net proceeds. If you have been thinking of making a move in 2026, call me today at 203.240.1233