Minnesota Short Sale | Short Sale Minneapolis Minnesota

If you have concerns about losing your house to foreclosure, we're ready to help.

Over the past few years, we've helped prevent foreclosures by helping Minnesota homeowners with short sales and by helping them understand and access home loan modifications and government assistance programs.

The primary difference between a short sale and foreclosure lies in the effects on your long-term consumer credit.

Short Sales: Negotiated settlement, seller’s credit is bruised – not ruined, no attorney fees, peace of mind, you can buy as soon as in two years, all liens are negotiated.

Foreclosure: Court settlement, seller’s credit damaged long term, usually large attorney fees, very little peace of mind, buy again as long as in 10 years, all liens are exhausted.

Options to Stay

Contact Your Lender First

Discovering possible workout options with your lender.

Loan Assistance

Negotiating new loan terms or agreements with the bank.

Government Programs

Seeking help from Making Home Affordable Programs which is a key part of the Obama Administration’s effort to help homeowners avoid Minnesota foreclosure.
Foreclosure in Minnesota

For homeowners who are struggling with their mortgage, or have fallen behind, the threat of foreclosure can be devastating.

Avoid Mortgage Default

Defaulting on your mortgage has costly consequences.

What is Foreclosure?

Minnesota foreclosure threatens a family’s stability, and the stability of our neighborhoods.

Minnesota Foreclosure Process

It is sad to say that, but foreclosure process in Minnesota is actually designed to protect homeowners and give them a fair and reasonable opportunity to keep their home.

Deficiency Judgment Possibility

Foreclosures can occur anywhere in Minnesota, due to many number of causes. Under Minnesota foreclosure laws, Minnesota foreclosure deficiency judgment is allowed.

Options to Leave
Sell the home

When you think you won’t be able to afford the mortgage payments on the house, the best option may be trying to sell the home before mortgage in default.

Minnesota Short Sale

Selling the house less than the mortgage amount you owe and negotiating with your lender to accept less than what you owe as payment in full.
Debt Forgiveness Act

President Bush signed the Mortgage Forgiveness Debt Relief Act on December 20, 2007. The purpose of the bill is to help homeowners who are caught in the housing crisis.

Foreclosure is a “taxable event” in Minnesota?

If there was any debt forgiven as a result of the sale, that forgiven debt is typically treated as cancellation of debt (COD) income.

Mortgage Forgiveness Debt Relief Act

How may the Act help homeowners in Minnesota who are caught in the housing crisis?

Ten Facts from IRS

If you are a homeowner whose mortgage debt is partly or entirely forgiven through Minnesota foreclosure or short sale in Minnesota during tax years 2007 through 2012, you may be able to claim special tax relief and exclude the debt forgiven from your income.

Working with a real estate professional who specializes in short sales allows you greater bargaining power, clearer insight and the advantage of having an experienced professional negotiate on your behalf.
Not just ANY agent: We are Licensed Minnesota Real Estate Short Sale Agents

No Service Fees We negotiate with your lender pay our fees, closing costs as well as $3,000 for homeowners with HAFA short sale!

Work with All Banks Bank of America, Chase, CitiMortgage, GMAC, U.S Bank, TCF, Wells Fargo..... all of them.

Client Privacy Confidential guaranteed We look out for your best interest and become your trusted resource.

We work it out for you We work directly with your lender during the Minnesota short sale process and prepare all required documentation.

Comprehensive and Knowledgeable We 100% follow FTC & MARS Compliant.

Our growth is from results, not slick sales tactics We answer any of the questions you may have throughout the entire Minnesota short sale process.

Search Short Sale for Sale

Max Price:

Min Price:

Min SQFT:

Min Rooms:

Min Baths:

Choose a City: