Short Sales, Minnesota Real Estate
Are you a homeowner going through a tough time and looking to avoid foreclosure in Minneapolis, St Paul metro areas? Selling your home via a short sale is a definite option to avoid foreclosure. It is however, a complicated real estate transaction that requires the guidance by experts who understand the process.
Our MN Short Sale Program offers these benefits:
- A short sale allows you to avoid foreclosure.
- Move on with your life with dignity!
- With no foreclosure on record, qualify easier on future real estate purchases.
What is a short sale? A short sale takes place when a seller owes more than the home is worth and the seller wants to avoid foreclosure. Instead of "letting the home go," the seller works to get the lender on the property to agree to take a reduced amount.
Lenders generally prefer a short sale as they do not lose as much money as in the case of a foreclosure. This does not mean that the lender will just allow the home to be "fire sold." A BPO (broker price opinion) must be done on the property to ensure that the offer being received is at or very near the market value. If the offer is near the BPO amount, the lender will issue a discounted payoff letter allowing the seller to sell the home via short sale.
Again, this type of real estate transaction is extremely complicated. The vast majority of real estate agents do not work these types of transactions, and even some that do, do not have the knowledge on how to effectively close these transactions.
Our team has the two top short sale listing agents in Minnesota and the Twin Cities: Mary Alice Short and Jesse Grumdahl. They only list short sales, and they have a full time staff that is available to work for you to get your property closed. They understand the process and have a proven track record of helping sellers get their properties closed. Don't let your property go into foreclosure! There are other options for you.
To learn how The Minnesota Real Estate Team, Mary Alice Short and Jesse Grumdahl can help you avoid foreclosure and short sale your property here in Minnesota, please contact us: