Minnesota Short Sale Expert

I am still amazed at how many people have never heard of a short sale. With the overwhelming amount of media reports about the housing market it’s hard to imaging not hearing about this concept. The word FORECLOSURE is a very commonly heard term and one that far too many homeowners are thinking about and considering doing. However, these same homeowners would likely NOT consider this if they knew what a short sale was and how they can “benefit” from a short sale versus letting the property go back to the bank through the foreclosure process.

The #1 thing to remember when times get tough and you begin to have difficulty in making your monthly mortgage payments is that you do have options to help keep you from going through foreclosure. The first is to contact the lender to see if you would qualify to do a loan modification. Many lenders are open to this right now however they do have some guidelines in place which are tied to whether you are able to qualify for this or not. In many cases we see that the homeowner is actually not able to qualify for this program and so another option needs to be considered. The next best option that a homeowner has is to speak to a Certified Distressed Property Expert (CDPE)like myself to evaluate their option os possibly doing a short sale. I can help explain the differences between the short sale and foreclosure and the long lasting consequences. Click on the link Short Sale vs Foreclosure for a comparison chart between the two.

If you or anyone that you know is having difficulty making their mortgage payments and do not know what to do or where to turn for help, please call me directly at 763-242-6303 or send an email to Rob@MnRealEstateTeam.com for an immediate response. I am hear to help simply to answer questions and to help keep you out of the foreclosure process.