Contract For Deeds in Minnesota

In today's real estate market there are many property owners that are living in homes that they owe the bank more than they are worth. If your are one of those people you might be a good candidate for a "short sale".  We are experts in dealing with local banks and national lenders and might be able to help you sell your property for less.

What is a "Short Sale"? In real estate, a short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.^[1] In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt.

Please contact us to see if you are upside down on your home. We will help you determine your best option moving forward.