Are you behind in payments? Have you received a foreclosure notice? Need to sell? We can help. We have some of the best negotiating experts and marketing experts to help you sell your home in todays market.

What is foreclosure?

A foreclosure starts off with a notice by the bank that says something to the effect of "because of x number of missed payments, we are starting the foreclosure process." This process starts with a sheriff sale, or commonly known as "auction on the courthouse steps." From there, you have 6 months to redeem your property (in MN) by paying off the amount plus any fees in full. If you don't, then at the end of the 6 month period, the bank will take over the property and then list it for sale as a "bank owned home." 

What is a short sale?

A short sale is when you don't have enough money from the sale of your house to pay off the mortgage in full. For example, if your current mortgage balance is $200,000, and the house will sell for $160,000 in todays market, and you can't bring $40,000 to the closing to sell your house, that means you are short by $40,000, hence the name, short sale. There are ways of negotiating with the bank to have them take less than full amount and we have specialists that handle that portion of the process.

If you would like to speak with us and how we can help in your specific situation, please feel free to call us and set up an appointment.

Our direct line is 952-915-2252, 24x7.