Minnesota Short Sale Expert

I receive many different types of calls from homeowners who are desperate to figure out what options they have when they cannot pay their mortgage. However, some of these calls are from homeowners who simply want to move and get out from a situation where they are upside down on their mortgage. Meaning they have no equity but what they have is what we consider as negative equity.

With any potential short sale we need to determine if the home owner’s situation fits within the criteria of an acceptable hardship. There needs to be a financial hardship of some kind where the homeowner is either not able to make their mortgage payments now or in the near future. If someone simply wants to move and they cannot sell the home for what is owed but they have the financial ability to continue making the mortgage payments then the lenders will NOT accept a short sale.

If you are experiencing difficulties with your mortgage and need to know what options are available please do not hesitate to send me an email and we can discuss your situation. Foreclosure is NOT your only option..!!

Rob Reinke, CDPE