Former CL&P President Selling Avon House

House for sale

Jeffrey D. Butler, the Connecticut Light & Power chief who resigned after he became the lightning rod for criticism of the company’s power restoration attempt after the Halloween snowstorm, put his Avon house up for sale Thursday for $1.6 million.

Butler and his wife Susan bought the 6,800-square-foot Colonial on Pembroke Drive in 2009 and are listing the 5-bedroom, 5.3-bathroom home for approximately the same price they paid for it.

Just eight houses priced at $1.5 million or higher have sold in Avon since the Butlers purchased the home, and there are at present five other homes in the town on the market in that price range, according to Rob Giuffria, president of Prudential Premier Homes in Farmington.

“The market for $1.5 million plus homes in Avon and the nearby area is still in transition, and I would anticipate the Butler home to sell for much less than the list price,” Giuffria said. “Who knows, maybe somebody will buy it because they believe they won’t lose power to the house.”

The listing agent, Ellen Seifts of Prudential Connecticut Realty in Avon, did not instantly respond today to an e-mail seeking comment. A call to Butler’s home was not immediately returned.

The brick Colonial on two-acres boasts views of the Heublein-Tower and includes a game room, wine cellar, a gunite pool with hot tub, a waterfall and koi pond, a guest house with full bath and kitchenette and a 4-car heated garage.

Butler, an engineer by training, resigned in November among a firestorm over CL&P’s handling of the storm recovery and aftermath. Charles Shivery, CEO of CL&P parent Northeast Utilities, said Butler was not forced out or asked to step aside, but offer to leave because it seem his remaining on the job could become an issue that would hinder the company’s efforts to move forward.

Butler moved to Connecticut to take the CL&P president job, after a long career in the energy industry, nearly completely in California at Pacific Gas and Electric.

Butler became well-known to the state residents during twice-a-day, high-profile, televised news conferences after the Oct. 29 storm that left hundreds of thousands of customers in the dark for a long as 11 days.

The listing did not talk about that the house has a back-up generator, but Butler told reporters at one briefing that he had a generator but it failed during the power outage, also leaving Butler in the dark.

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Consumer Alert — Mortgage Foreclosure Scams

Posted by MagicTruth | California Real Estate | Friday 4 December 2009 12:57 pm

Are you having trouble making your home mortgage payments? Are you facing foreclosure on your home? Get all the facts before you pay someone to help you work out your mortgage problems.

Bankruptcy foreclosure scams” target people whose home mortgages are in trouble. Scam operators advertise over the Internet and in local publications, distribute flyers, or contact people whose homes are listed in the foreclosure notices. Sometimes they direct their appeals to specific religious or ethnic groups.

These scam operators may promise to take care of your problems with your mortgage lender or to obtain refinancing for you. Sometimes they also ask you to pay your mortgage payments directly to the scam operator. They may even ask you to hand over your property deed to the operator, and then make payments to the operator in order to stay in your home.

Mortgageforeclosure

Mortgageforeclosure

But instead of contacting your lender or refinancing your loan, the scam operator pockets all the money you paid, and then files a bankruptcy case in your name — sometimes without your knowledge.

A bankruptcy filing often stops a home foreclosure, but only temporarily. If a bankruptcy is filed in your name but you don’t participate in the case, the judge will dismiss the case and the foreclosure proceedings will continue.

If this happens, you will lose the money you paid to the scam operator — AND YOU COULD LOSE YOUR HOME. You will also have a bankruptcy listed on your credit record for years afterward.

Proceed with care if an individual or company:

  • Calls itself a “mortgage consultant,” “foreclosure service,” or similar name.
  • Contacts or advertises to people whose homes are listed for foreclosure.
  • Collects a fee before it provides services to you.
  • Tells you to make your home mortgage payments directly to the individual or company.
  • Tells you to transfer your property deed or title to the individual or company.

If you can’t pay your mortgage, call your mortgage lender or contact a lawyer for help. Your state or local bar association may be able to help you find low-cost legal help.

If you think an individual or company is running a mortgage foreclosure scam, contact the local office of the United States Trustee. The United States Trustee is a Justice Department official who monitors the bankruptcy system. Look for your local United States Trustee’s telephone number in your telephone directory or on our web site at www.usdoj.gov/ust/eo/ust_org/office_locator.htm.

Foreclosure Information for Homeowners

Posted by MagicTruth | California Real Estate | Thursday 3 December 2009 1:33 pm

The Foreclosure Procedure Includes Five Events

Event 1: Missing a Single Payment – The foreclosure procedure may begin when you miss a single monthly mortgage loan payment (delinquency). A lender or its servicing agent is required to contact the homeowner 30 days in advance if initiating foreclosure.

Event 2: Notice of Default (“NOD”) – The recording of the NOD officially begins the foreclosure procedure. You will receive a copy of the NOD by certified postage prepaid mail. After the NOD is recorded, an initial minimum three month period is required to provide you with the opportunity of curing thedefault and reinstating your mortgage loan.

Event 3: End of the Initial Three Month Reinstatement or Cure Period – Your lender can schedule the foreclosuresale of your home.

Event 4: Notice of Sale (“NOS”) – The NOS is posted on your home and published in an authorized newspaper of general circulation in the jurisdiction where the foreclosure sale is to occur.

Event 5: Foreclosure Sale – When your home sells at the foreclosure sale, the lender may elect to accept the sale proceeds as payment in full.