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The Niece Team....The Results of Experience

Minnesota Short Sale Information and Advice. Let us help you now, Call us at 612-305-8487.

E-mail The Niece Team about your situation

Who Needs a Short Sale?

A short sale can be one of the best options for many homeowners who are in financial strain, have lost a job, must relocate or have a neighborhood or home that has become unsafe.

Did you buy your home in 2002, 2003, 2004, 2005, 2006, 2007, or 2008?

If you didn't put a sizeable down payment into your purchase, you may be upside down. Being upside down means that you could not sell your home today for the same amount as when you purchased it. With many loans being issued at 90, 95, and 100% of market value when the purchase was made, this generally means that one would have to bring capital to closing in order to consummate a sale. A short sale takes care of this problem.

The recent changes in the tax code mean that there may be no tax ramifications for doing a short sale, allowing you to dispose of your home without a substantial mortgage liability.

Are you in a Pay Option, MTA, or Negative Amortizing Loan Product?

If so, each day you are increasing the amount that you owe on your loan. This "teaser" rate does not pay the full interest due each month, and thus increases the balance that you owe daily. Mixed with a declining real estate market, this can prove to be a financial disaster. Many have found that they were sold on their mortgage product based on a minimum payment to qualify for the loan. Additional problems arise when a mortgage "recasts"; the interest rate goes up, which adds additional monthly mortgage commitment. Mortgage payments can go up astronomically, forcing many into a foreclosure situation.

A short sale can stop this downward spiral. Many homeowners would need another historic real estate boom in order to ever get out of being upside down. Some analysts say that it will be 10-12 years before values will again rise to 2005 prices.

Are you having trouble making your payments? Are you facing foreclosure or bankruptcy? If you are having trouble making your mortgage payments, please choose to act quickly! Time is of the essence, and it is not on the borrower's side. Short sales are not immediate fixes and do take time. Most lenders will not review a short sale package prior to having a purchase contract. While we can often have an investor place a contract on your property to buy time, it is always best to give the property ample time on the market in order to generate a true offer. Please see “What are the ramifications of foreclosure?” for additional information on what can happen if you do not act today.

A short sale is one of the best ways to avoid foreclosure. Lenders would much rather approve a short sale than foreclose on a property and take it into REO (Real Estate Owned). Foreclosure proceedings can cost as much as $75,000 to a lender.

Minnesota Short Sale Information

Learn More about Short Sales

Minnesota Short sale Hardship Letter Samples

Let a Mn Minnesota Short Sale Expert help you now, Call The Niece Team at 612-305-8487.

E-mail The Niece Team about your situation

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Short Sale Information in other Minnesota Cities

Home Value Minnesota - Minnesota House Value - Minnesota Short Sales - Minnesota Real Estate - - Minnesota Foreclosure
Afton Short Sales - - Afton Foreclosure
Andover Short Sales - Andover Foreclosure
Anoka Short Sales - Anoka Foreclosure
Apple_Valley Short Sales - Apple Valley Foreclosure
Arden_Hills Short Sales - Arden Hills Foreclosure
Bayport Short Sales - Bayport Foreclosure
Belle_Plaine Short Sales - Belle Plaine Foreclosure
Bethel Short Sales - Bethel Foreclosure
Big_Lake Short Sales - Big Lake Foreclosure
Blaine Short Sales Blaine Foreclosure
Bloomington Short Sales Bloomington Foreclosure
East_Bloomington Short Sales East Bloomington Foreclosure
West_Bloomington Short Sales West Bloomington Foreclosure
Brooklyn_Center Short Sales Brooklyn Center Foreclosure
Brooklyn_Park Short Sales Brooklyn Park Foreclosure
Buffalo Short Sales Buffalo Foreclosure
Burnsville Short Sales Burnsville Foreclosure
Cambridge Short Sales Cambridge Foreclosure
Carver_County Short Sales Carver County Foreclosure
Centerville Short Sales Centerville Foreclosure
Champlin Short Sales Champlin Foreclosure
Chanhassen Short Sales Chanhassen Foreclosure
Chaska Short Sales Chaska Foreclosure
Circle_Pines Short Sales Circle Pines Foreclosure
Columbia_Heights Short Sales Columbia Heights Foreclosure
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Cottage_Grove Short Sales Cottage Grove Foreclosure
Crystal Short Sales Crystal Foreclosure
Denmark Short Sales Denmark Foreclosure
Deephaven Short Sales - Deephaven Foreclosure
Eagan Short Sales - Eagan Foreclosure
Eden_Prairie Short Sales - Eden Prairie Foreclosure
Edina Short Sales - Edina Foreclosure
Elk_River Short Sales - Elk River Foreclosure
Elko Short Sales - Elko Foreclosure
Excelsior Short Sales Excelsior Foreclosure
Falcon_Heights Short Sales Falcon Heights Foreclosure
Farmington Short Sales Farmington Foreclosure
Forest_Lake Short Sales Forest Lake Foreclosure
Fridley Short Sales Fridley Foreclosure
Golden_Valley Short Sales Golden Valley Foreclosure
Goodhue_County Short Sales Goodhue County Foreclosure
Gull Lake Short Sales Gull Lake Foreclosure
Ham_Lake Short Sales Ham Lake Foreclosure
Hastings Short Sales Hastings Foreclosure
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Hennepin_North Short Sales Hennepin_North Foreclosure
Hilltop Short Sales Hilltop Foreclosure
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Inver_Grove_Heights Short Sales Inver_Grove_Heights Foreclosure
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Leech Lake Short Sales Leech Lake Foreclosure
Long Lake Short Sales Long Lake Foreclosure
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Lexington Short Sales Lexington Foreclosure
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Maple_Grove Short Sales Mendota_Heights Foreclosure
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Maplewood Short Sales Maplewood Foreclosure
Mayer Real Estate - Mayer House Values - End Cut Out Links -->Mayer Short Sales Mayer Short Sales Mayer Foreclosure
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Minneapolis Short Sales Minneapolis Foreclosure
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Minneapolis Phillips Short Sales Minneapolis Phillips Foreclosure
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Minneapolis Southwest Short Sales Minneapolis Southwest Foreclosure
Minneapolis University Short Sales Minneapolis University Foreclosure
Minnetrista Short Sales Minnetrista Foreclosure
Minnetonka Short Sales Minnetonka Foreclosure
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Newport Short Sales Newport Foreclosure
North_Saint_Paul Short Sales North_Saint_Paul Foreclosure
Northeast Anoka County Short Sales Northeast Anoka County Foreclosure
Northeast Minnesota Short Sales Northeast Minnesota Foreclosure
Northern Chisago County Short Sales Northern Chisago County Foreclosure
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Northfield Short Sales Northfield Foreclosure
Northwestern Anoka County Short Sales Northwestern Anoka County Foreclosure
Oakdale Short Sales Oakdale Foreclosure
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Red Rock Lake Short Sales Red Rock Lake Foreclosure
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Robbinsdale Short Sales Robbinsdale Foreclosure
Rochester Short Sales Rochester Foreclosure
Rosemount Short Sales Rosemount Foreclosure
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Saint_Louis_Park Short Sales Saint_Louis_Park Foreclosure
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Scott County Short Sales Scott County Foreclosure
Shakopee Short Sales Shakopee Foreclosure
Sherburne County Short Sales Sherburne County Foreclosure
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Shorewood Short Sales Shorewood Foreclosure
Sibley County Short Sales Sibley County Foreclosure
South Dakota Short Sales South Dakota Foreclosure
Spring Lake Park Short Sales Spring Lake Park Foreclosure
St Paul Short Sales St Paul Foreclosure
St Paul Capital Heights Short Sales St Paul Capital Heights Foreclosure
St Paul Central Short Sales St Paul Central Foreclosure
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St Paul W 77th Short Sales St Paul W 77th Foreclosure
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St Paul Merriam Park Short Sales St Paul Merriam Park Foreclosure
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St Anthony Short Sales St Anthony Foreclosure
Stillwater Short Sales Stillwater Foreclosure
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Ten_Mile_Lake Short Sales Ten_Mile_Lake Foreclosure
West Central Minnesota Short Sales West Central Minnesota Foreclosure
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Wisconsin Short Sales Wisconsin Foreclosure


Search every listing of every home for sale though we can no longer use the phrase search MLS because the RMLS initiated a Rule that prohibited the use of the term MLS. So every place that used to say search the MLS now says search Listing Search.