Minnesota Short Sale Expert

If you have been watching for a specific type or style of property you will notice that there are far fewer of them showing up in your property search results recently. This market “frenzy” with low interest rates and the $8500 tax credit has really helped to get the buyers out there purchasing homes. The overall number of actively listed properties continues to decline along with the total number of lender mediated sales (foreclosures and short sales).

But wait…!!!

There is going to be another round of foreclosure properties coming to the market this fall. This is because of the moratorium that was placed on foreclosures by the President earlier this spring. So when that was lifted the banks need to wait for the 6 month redemption period to come to the end. That’s when these properties will be hitting the active market sometime between August and October. This will mean some great values are just ahead again for those buyers that are willing to do the fix-ups and repairs.

Short sale opportunities continue to exist as well because of the large number of homeowners facing the possibility of foreclosure. These homeowners are taking the step to sell the property rather than let it go into foreclosure, thus saving at least some of their good credit.

If you or someone you know is facing the possibility of foreclosure, please feel free to call me directly for more information of how a short sale can save you from foreclosure. 

Rob Reinke…763-242-6303