Minnesota Short Sale Expert

It seems as though just about every week the many lenders out there that are being asked to accept short sales continue to change what they will or will not accept. For example, certain banks have taken the stance that they would not consider a short sale AFTER the sheriff’s sale has occurred. However, we are finding now that because these banks are not in the real estate  business but rather in the lending business that they are more likely to allow a short sale to go through because they do not want yet another property on their books. It ends up costing the bank far more money as a write-off if they take it back through the foreclosure process than it does to simply have certified agent sell it on a short sale.

Many of these same lenders have also said that they would be going after homeowners for a deficiency judgement but because they have so many properties to deal with they just do not have the resources or manpower to do so. Like many of us homeowners they are trying to keep their heads above water with all of the foreclosures and short sales that they are dealing with.

The bottom line is that if you are experiencing a financial hardship and are having a hard time paying the mortgage, please do not hesitate to call me for help. I am a Certified Distressed Property Expert and I am happy to help. I can be contacted at Rob@MnShortSaleExpert.com or by calling 763-242-6303 for a private conversation.

 Thank you.

Rob Reinke