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)
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