Minnesota Short Sale
The Minnesota Short Sale Team
The Minnesota Short Sale Team is a group of accomplished real estate professionals that specialize in short sale transactions. Servicing all areas of Minnesota, our team consists of the most knowledgeable short sale experts in the industry. Leading the market for over 11 years, our agents have reached over $150 million in sales with over 1,000 transactions closed. They have mastered the complexities of the short sale transaction and have an outstanding short sale success rate. Garnished with several Realtor designations, such as CDPE (Certified Distressed Property Experts – what is CDPE?), SFR (Short Sale & Foreclosure Resource) and CRS (Council of Residential Specialists), the highest designation attainable by Realtors, our agents are second to none.
Our goal is not only to ensure smooth and efficient short sale transactions, but, more importantly, to help and serve our clients in need. By evaluating each homeowner’s individual situation, we can offer the best foreclosure avoidance options possible, and then find the optimum solution.
While experiencing financial complications can be challenging for any family, finding a qualified real estate professional you can trust shouldn’t be. Call The Minnesota Short Sale Team today at 763-607-1415.
What Is A Short Sale?
Instead of accepting foreclosure and surrendering your home, a Minnesota short sale allow you to make a deal with your lender so you can avoid foreclosure and the other pitfalls that come with it.
A short sale occurs when your home is sold for less than what you currently owe on the house. If the short sale is close to the market value and, with the right short sale agent, it is possible that the lending company will allow a short sale to happen.
You are able to sell your home and the bank may let the difference slide.
Short Sales in the Real Estate Market
Many people are wondering if short sales are so popular, then why doesn’t everyone do it. The reality is short selling in Minnesota has only been made popular in the last few years, and, although it can benefit both the home owner and the lender, it can be quite the lengthy process.
The paperwork, the bargaining and the contractual agreements can be a little overwhelming for anyone, especially someone trying not to lose his home. This is why most successful short sales are done through a qualified and licensed short sales agent. A Minnesota short sale expert will work on your behalf, speaking to the lenders and determining whether short selling is an option that will work for your situation.
There are many reasons why you may find yourself in financial hardship. You may have lost your job or taken a reduced income cut; you may have recently divorced or separated; you may be suffering from a serious illness which is preventing you from working; you may have just lost your spouse; your business may have plummeted; or you simply may have overspent. Whatever the case, a short sale will allow you to recover from your financial hardship without succumbing to the fate of foreclosure.