Short Sale Your Home

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Short Sale (Owe more than your house is worth)

For the past few years, we have seen more and more headlines about troubles in the housing market. In many real estate markets throughout the country, many people have moved out of their homes and are left with mortgages and home equity loan obligations from their old homes since they cannot sell their property for more than is owed on it.At Twin Cities Real Estate Group, Inc. we are here to help. An increasingly popular option for mortgage holders is the short sale. In this process, lenders allow borrowers to sell their homes and discharge their loans with the proceeds even though the funds received are less than the balance owing. We can help you negotiate a short sale agreement with your lender, and sell your property in compliance with the agreement. 

Don't Hesitate - Act Now to Avoid Negative Consequences

Dealing with mortgage and home equity lenders yourself can be frustrating and time-consuming. Without an experienced real estate agent, you may struggle with the financial and legal considerations or simply not have the time to wait to speak with your lender during your busy day. You may be worried about consequences such as:

Foreclosure: If you cannot keep up with your payments and do not negotiate an alternative arrangement with your lender, you could face foreclosure. We can help you understand your options and make your case to your lender.

Condemnation: Even if you can afford to pay two mortgages, if you leave your property vacant, break-ins or everyday maintenance issues may create problems that lead to tickets and condemnation. A short sale may be a better option.

Bankruptcy: When you need to sell your property in order to avoid bankruptcy, your urgency may not be matched by responsiveness on the part of lenders.We can deal with the bank and you can have a peace of mind.

Low Credit Score: How you manage housing debt can affect your credit report - the record of your loans and repayment. Your credit report is factored into your credit score and may impact your ability to borrow money for other things. We will help you find a solution that minimizes the impact on your credit report. If you are considering a short sale or need more information please contact us. Twin Cities Real Estate Group, Inc. is on your side.
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Twin Cities Real Estate Group, Inc. - 18279 Minnetonka Blvd. Suite A - Wayzata, MN 55391
Phone: 952.278.7878 Fax: 952.767.2420   Email:
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