Minnesota Short Sale Expert

Some of the most common reasons that sellers find themselves in a position to do a short sale are loss of job or reduction in wages, divorce or medical bills. However there can be many other circumstances that can have the same type of financial outcome causing a seller to consider going down the short sale path. There are a lot of investors that purchased between 2003 and 2006 that find themselves in this unfortunate predicament because they purchased with no money down and used some of the popular (at the time) ARM products to get in. Now these loans are adjusting and the payments are going up and up where the investor cannot cover the mortgage with the rent. This in turn puts them at a negative position which they cannot afford.

There are also situations like being transferred for a job or the military or having to take care of ailing parents along with many other possibilities. If you think that you might be faced with this challenge and not sure where to turn to, please do not hesitate to call me or shoot me an email and we can discuss your personal situation.

Rob Reinke, CDPE

Certified Distressed Property Expert

763-242-6303

Rob@MnShortSaleExpert.com