Minnesota Short Sale Expert

We see it all the time on the news but the reality is that the mortgage default rate (homeowners entering into some level of delinquency or foreclosure) is going through the roof. Here are some REAL numbers that came out recently from the Mortgage Banker’s Association…

• Over 12% of ALL mortgages nationwide are in some level of foreclosure.
• SUB-PRIME mortgages have reached a level of almost 40% of all mortgages are in default right now. This number is expected to continue increasing.
• The total estimated number of properties nationwide that are currently in distress is 8,700,000.
• In May 2009 the seasonally adjusted unemployment rate was 9.4% and the highest rate ever recorded by the U.S. Bureau of Labor Statistics was 10.8% in Nov/Dec 1982.

All of these numbers give a clear indication that more and more homeowners will be or already are facing the possibility of losing their home through foreclosure. There are options other than letting it go back to the bank. The best option would be to keep the homeowner in the property through a modification if possible. However, these modifications simply do not work for a large section of homeowners and get turned down by the lenders.

The next best option that a homeowner can choose is to short sale the home. This is where I can help. I am a Certified Distressed Property Expert – CDPE and I specialize in helping families avoid foreclosure by handling a short sale on the home. If you or anyone you know might be facing some of these challenges, please do not hesitate to pick up the phone and call me directly. You can also simply send an email through the website for additional information.

Thanks for reading..!!

Rob Reinke