home underwater: 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)

 
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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