Short Sales in St. Michael Minnesota

Researching short sales in St. Michael, Minnesota today, I was stunned.  There were 36 active listings, 3 temporarily not available for showing, 3 pending, and in the last year, 27 cancelled and 22 expired. Thirty were sold.   Average days on market for the cancelled were 212, and for the expireds, 151. 

When you have missed a payment, or sometimes are even just a few days late, the lending institution says you are in default.  A missed payment or two or three hurts your credit rating much more than a short sale or foreclosure.  In fact, you can take a hit on a short sale and recover much more quickly (usually) than with missed mortgage payments. 

If you look at the short sale numbers again for St. Michael, it shows a definite trend.  Two-thirds of the listings of the non-active listings were cancelled or expired.  That translates into the thought process that someone didn't know what they were doing.  Only 1/3 of the non-active listings were sold. 

 If this was your house, would you want a realtor or brokerage that could only score 1 out of 3 times at bat for you?  This is your financial future.  The long-term impact of a short sale is much less than a foreclosure.  And, if you trust someone to list, market and sell your house, it is even more important that that person knows how to do that in addition to working with lending institutions to get a short sale approved. 

If your realtor has not had experience with short sales, do you want to be their lab experiment?  Well, if you like to rent, perhaps.  This is no place for your cousin who just got his license, or Aunt Marie who likes to stage property.  This is a job for a seasoned, hard-nosed veteran who knows how the banks work.  I work with Chase, Citi, Wells-Fargo, Bank of America, NationStar and dozens of other financial institutions to get the home-owners out of a bad situation.  

Banks each have their processes to work short sales.  I am a short-sale superstar, and I belong to various groups who share their information and expertise on a daily, and sometimes, hourly basis, giving me up-to-the-minute status reports.  

Wouldn't you really rather have someone driving the bus who knows the route and how to get you to your destination?  

If you have a home that you can no longer afford in the St. Michael, Minnesota area, please call me for a consultation.  You will be glad you did.