I don’t like talking about myself. But the search engines are always looking for new content on MN short sales, as are consumers. I’m including an unsolicited testimonial from one of the couples I helped. At the end of the day, this is what it’s all about: [/caption] [...]
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Minnesota Short Sale FAQs
I will usually get a number of questions from sellers, buyer and agents about Minnesota short sales. In this blog, I’ll pose a few of the questions along with the answers: Why do short sales take so long Here’s why they usually take so long …… Lenders are overwhelmed with distress properties. I’ve spoken with [...]
What does the new lender settlement have to do with Minnesota Short Sales?
Recently the government and big lenders came to an $25 billion agreement regarding the damage done to homeowners in the last few years. This settlement was caused because the banks “abused” homeowners during the foreclosure process. This may appear to be good news on the surface because millions of people have lost their homes in [...]
Can I rent back my Minnesota Short Sale?
I receive these question a number of times from sellers and it’s usually with this scenario: A company came to me and said they want to buy my home. In turn, they will rent it back to me. They also tell me that I can buy it back from them when my credit is repaired. [...]
Why 2012 is SO Important for Minnesota Short Sales
Back in 2007, Congress passed the Mortgage Debt Relief Act which generally allows taxpayers to exclude income from the discharge of debt on their principal home. Debt reduced through mortgage restructuring, as well as mortgage debt forgiven in connection with a foreclosure, qualifies for the relief. This provision applies to debt forgiven in calendar years [...]
Minnesota Short Sales – Why work with Joe Stradcutter
I’ve mentioned a number of times in my blogs that I’m here to help people. I know that sounds trite but that really is my over-riding goal. I meet with clients to determine if a short sale is their best option and then do everything I can to make that happen. I closed 4 short [...]
MN Short Sales, Foreclosures and Bankruptcy
Recently lenders have changed the way homeowners may have to do a short sale if they’re also considering a bankruptcy. Find out these changes in this new video. Call or email me at 612-516-3456 or jstradcutter@gmail.com Thanks for watching! Joe Stradcutter High Pointe Realty MN Short Sale Professional
Why I like MN Short Sales
Many realtors ask me “How can you do so many short sales?”, “Aren’t they a lot of extra work?” “Aren’t the banks difficult to work with?” etc. The answers to the last two questions are “Yes, they are lots of extra work and yes, the banks can be difficult to work with” (I know, that [...]
Short Sales and Foreclosures and Bankruptcy, Oh My!!
It seems like more and more clients are coming to me with financial troubles beyond their mortgage. They want to avoid foreclosure or bankruptcy or both. Unfortunately, some lenders are “pushing back” and forcing sellers into both of these credit score killers. Here’s how things have changed recently. Typically, a seller with two loans on [...]
How do I know if the lender won’t come after me after my MN short sale?
One of the biggest concerns my clients have is if they will owe any money to the bank(s) after the short sale is done. The answer is “It all depends what is stated in the approval lender from each bank.” Let’s look at a couple of short sale approval letters which I received for my [...]
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