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Can Investors in Minnesota do a Short Sale? North Metro Minneapolis St Paul Twin Cities Real Estate Expert Patti Ann Kasper
You might ask, "I own rental properties, so can I still do a short sale?"
Yes, it is very likely that you can, HOWEVER, there are additional consequences when compared to a short sale of a primary residence.  Primarily, you will have additional tax reporting and consequences as well as the possibility that the lender may report the deficiency, even though they release the deed.
Still, this may be a better option for you than a full foreclosure.
Here is more good information on short sales, foreclosures, and lender mediated sales in Minnesota that also apply to a primary residence:
If you or anyone that you know is ... more

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