Short Sale Information

IMPORTANT SHORT SALE/FORECLOSURE INFORMATION FOR YOU

There is good news –

1.  If your foreclosure was a foreclosure by advertisement, the lender that took your property to the sheriff’s sale cannot pursue you for a deficiency.
2. You still have about 5 months to sell your property and keep a foreclosure off your record. 

The bad news is –

1.  If you have a second mortgage or home equity line of credit, you may still owe all of that after the foreclosure.  (This can be negotiated.)
2. You may owe taxes as well.  (If it is your primary residence, this may be reduced or eliminated.)

Vicki Schwartz, the Short Sale Queen of MN, is an extremely experienced short sale agent and has been doing short sales since 2005.  She teaches short sale classes at the Minneapolis Association of Realtors® and also hosts a radio show on short sales once a month.  Our team can help you navigate safely through the short sale process; answering your questions and taking care of negotiations and interactions with the bank.

Our team of associates includes a CPA; an experienced and highly sought after Real Estate Attorney; a Financial Expert to assist you in rebuilding your credit and an investor who may be interested in purchasing your property.

Our team is ready to assist you in any way we can – and we would love the opportunity to discuss how we can help you avoid the pitfalls and minimize your risks while making every effort to ensure an expedient sale on your property. 

Call today for more information

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