Why do you do this?
Just about everyone goes through a difficult financial time during their lifetime. We have made it part of our life’s purpose to assist people who need to get their home sold because of a financial difficulty.
How do you sell my house when I own more than what it’s worth?
We put your house on the market and price it so that it will sell. Once we receive a purchase agreement, we will negotiate with the bank(s) to accept the sale and pay for commissions, closing costs, etc. The term for this process is a “short sale”.
What is a short sale?
The term as defined by the National Association of Realtors is a transaction where title transfers, where the sale price is insufficient to pay the total of all liens and costs of sale and where the seller does not bring sufficient liquid assets to the closing to cure all deficiencies.
In layman’s terms, a short sale happens when a property sells but the seller is “short” of funds needed to close. The bank releases the lien on the property and USUALLY forgives the debt you owe.
Will the bank accept a short sale?
Most of the time they will because it costs the bank between $35,000 – 50,000 to allow the home to go into foreclosure due to holding costs of the mortgage, attorney and legal fees, securing and winterizing the property, taxes, insurance, etc.
The most important reason that banks accept short sales is: (1) you can no longer pay for the mortgage AND (2) show hardship.
Who pays for your services?
The bank pays for our services at the end of the short sale transaction. We’ll explain this in more detail when we meet.
How will a short sale affect my credit?
Fill out the Contact Me form on this page and we’ll send you a document which details how a short sale, foreclosure and/or bankruptcy affect your credit score and ability to get a loan or new mortgage.
Will you contact me after you have my email?
You’ll get occasional emails, but you can opt-out at any time.
Are you one of those “pushy, high-pressure” realtors?
ABSOLUTELY NOT!! You have enough pressure already if you’re having financial difficulties. If anything, we take some of the pressure off you by getting your home listed and sold. PLUS we supply you with forms to stop the phone calls.
Why should I work with you?
We specialize in short sales and have a team of support staff, attorneys, accountants and title companies. So if you have a financial, legal or title question, we’ll get the answers Cost to you? Nothing!! It’s part of our service.
What do other people say about you?
Check out the Testimonialslink to see what my clients AND other realtors have said.
What do you expect from me?
We will need basically the same financial documents that you supplied to get into the loan so we can get you out of the loan.
We’ll also need your cooperation and communication throughout the process.
Do you have training in short sales? We’ve attended classes in Minnesota, Texas and Arizona and am a Certified Distressed Property Expert. We also hold the National Association of Realtors SFR (Short Sale and Foreclosure Resource) designation.
What part of MN do you work?
We work the seven county metro area, but contact us if you live out-state. We have offices in Eden Prairie and St. Paul Park.
