foreclosure: Short Sales in Minnesota - 03/24/11 03:46 PM
Short Sales in Minnesota become a useful alternative to simply allowing a foreclosure to proceed, particularly when there is a junior mortgage in place.  However it is essential to obtain a full release of the debt secured by each mortgage. Many consumers and some agents incorrectly believe that the debt of the junior mortgage simply goes away with the foreclosure of the first  mortgage.  The lien of the junior mortgage is extinguished with the foreclosure of the first mortgage, but since the junior lender did not foreclose, its debt is not affected.
If you advise the owner to "just walk away" … (0 comments)

foreclosure: Making Short Work of Short Sales - 07/18/08 03:49 AM

Hello,
My name is Jeffrey C. Nycklemoe.
In this, my first blog entry, I would like to write about a topic that has become a regular part of our day-to-day business.
Short Sales,those transactions in which the sale proceeds are insufficient to pay off the existing mortgage in full, have become common and will likely become more common as lenders attempt to avoid taking more and more properties into their inventory. Lenders generally can cut their losses in half as compared to a completed foreclosure and REO sale. As more borrowers find themselves upside down in their equity, and as … (2 comments)

 
Nycklemoe Law Office Gibraltar Title Agency (Short Sales Negotiations and Title)

Nycklemoe Law Office Gibraltar Title Agency

Edina, MN

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Short Sales Negotiations and Title

Address: Minneapolis, Bloomington, Minnetonka, Eden Prairie, Edina, Maple Grove, Edina, MN, 55435

Office: (952) 830-1904

Fax: (952) 893-5460

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Short Sale Negotiations by Attorney, Jeff Nycklemoe, Edina and throughout the Twin Cities, Minnesota. Advice on short sales and foreclosures in Minnesota. Assistance to Agents with Short Sales


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