Minnesota Short Sales and foreclosure prevention

If you owe more to your mortgage company than the current value of your house, but still want to sell, you need a short sale specialist.  A Minnesota short sale REALTOR® can usually sell your house with no cost to you and usually they can eliminate your financial liability associated with the debt.  Short sales in Minnesota can be negotiated with 1st, 2nd, even 3rd mortgages.  The Agents Ranking research team has reviewed the sales performance for all of the local REALTORS® who have experience negotiating short sales in Minneapolis, St. Paul and the surrounding Twin Cities suburbs, so if you're considering a short sale, contact us today for a FREE, NO OBLIGATION REALTOR® REFERRAL.

some of the banks we work with on short sales and foreclosure prevention in Minnesota

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documents you may need for a short sale in Minnesota

It can take between 30 days and six months for your bank to approve a short sale on your Twin Cties house, AFTER receiving an offer from a qualified buyer, however every bank is different.  Each bank has it's own requirements, but most banks will request the following personal information to consider accepting a short sale on your real estate in Minnesota.

• fully executed purchase agreement for the sale of your Minnesota property
• lender approvel letter for the buyer purchasing the Minnesota property
• signed letter authorizing your Minnesota real estate agent to neogitate the transaction with your bank
• HUD statement which details all of the expenses associate with selling the Minnesota property including real estate agent commissions, inspections, deed tax, closing fees, etc.
• Letter of hardship which explains to the bank why they should accept a short sale on the Minnesota real estate
• Tax forms (W2 or 1040)
• At least two months of bank statements, some lenders require more
• At least two months of pay stubs from your employer, some lenders requre more