St. Michael, MN home owners going through financial difficulties due to loss of job, health or other hardship may be eligible to short sale their home. A short sale simply means to sell the home for less than what is owed on the property. If you have multiple loans against the home, a short sale agreement will be needed with all of the lenders.

When considering a short sale, you need an expert in negotiating short sales with your lender. Not all real estate agents are trained in handling the complexity of a short sale. As timing is critical in the completion of a short sale, you need to be confident in your real estate agent's abilities. At Edina Realty Buffalo, we have several agents who are certified and trained in negotiating short sales. Please call us before making your decision, we may be able to provide you with information that can help you make the best decision. Our office is only 10 minutes from downtown St. Michael so we are easily available.

To get your short sale package going with your primary lender, you will need the following:

From the REALTOR

• Fully executed listing agreement

From the Homeowner

• Signed and dated financial worksheet listing all monthly

expenses.

• Signed and dated hardship letter (why they are unable to

pay the mortgage).

• Letter authorizing the REALTOR access to information on

the account. It must be dated and include the last 4 digits

of the borrower's Social Security Number, their signature,

the full account number and the property address.

There are additional options for a distressed home owner such as deed in lieu of foreclosure, loan workouts, etc. If you need a reliable source of advice regarding the short sale of your home, contact the Minnesota Home Ownership Center MN home ownerhship center, short sale, foreclosure adviceshort sale, foreclosure prevention, counseling,

 

 

 

Julie Moorhead

 Julie Moorhead - Realtor®, Broker & GRI

Direct        763-528-5289

Office        763-682-3434

juliemoorhead@edinarealty.com

Edina Realty Real Estate Sales

 

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Julie Moorhead

Annandale, MN

More about me…

Julie Moorhead, Edina Realty, Broker & GRI, Annandale, MN

Address: 311 10th Ave. So., Buffalo, MN, 55313

Office Phone: (763) 682-3434

Cell Phone: (763) 614-3467

Email Me

The "Heart of the Lakes" area in Annandale, MN has over 30 lakes in a 12 mile radius. Add the Mighty Mississippi River and buying a waterfront property to suit your needs just became easier.


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