Buy or Sell a Minnesota Short Sale Today
what is a short sale?
A Brief Overview Of The Short Sale Process!
By definition, a short sale is a real estate transaction in which the selling of a property falls below the balance of debts secured by liens against the property. Typically, the seller cannot afford to repay the liens’ entire amount, meaning the lien hold, or lender, must agree to release their lien on the property and accept less than the amount owed on the debt. Because short sale transactions are often used as an alternative to a foreclosure, selling your home as a short sale is a common option for home sellers who are under water on a property but still need to sell. Data shows there were over 2 million short sales in the United States during the subprime mortgage crisis from December 2007 to mid-2013.
advantages of a short sale
How Selling Your Home As A Short Sale Benefits You
Prevents a Foreclosure
From a lender’s perspective, a short sale is a much better alternative to a foreclosure, as it allows for the recovery of at least a portion of a mortgage loan to be repaid after the sale. In addition, a foreclosure will likely end up in a costly litigation process, also increasing the costs lender will have to endure, so opting for a short sale puts both the banks and homeowners in a much better position if both parties can reach an agreement that’s fair for both sides.
Saves You Money
According to the U.S. Congress Joint Economic Committee, the average legal cost of a homeowner going through a foreclosure is approximately $7,500. And that’s not even considering the worst-case scenario that might involve filling for bankruptcy. To avoid complicated and lengthy legal proceedings, a bank or lender will be much less likely to pursue a deficiency judgement if both sides can agree to a short sale to recoup some of the money lost on the property, ultimately saving everybody money in the process.
Protects Your Credit
Although a short sale will appear on a credit report, the money you’ll save from not going through the foreclosure process will certainly be better for your overall credit score in the long-term, not to mention you’ll be out from underneath a mortgage and the possibility of on-going late payments. So if you can prove hardship and are eligible for a short sale, it’s a much better alternative than a foreclosure for both parties involved and will minimize the damage to your credit.
why sell your short sale with us?
We're Minnesota's Top Producing Team!
We're Experienced
Our combined experience is second-to-none when it comes to short sales all over the state of Minnesota. Whether you’re looking to buy a short sale or sell a short sale, there’s no better team of agents to have on your side than the Kris Lindahl Team.
We Negotiate
Not all lenders handle short sales in the same manner, which is why working with an experienced short sale agent is so valuable. We’re much better suited to negotiate with lenders, making sure your short sale goes as smoothly as possible.
We're Supportive
We’re here to answer all your questions and be as supportive as possible throughout the entire process. We understand this may be a difficult time and we want to make sure working with us is as pleasurable for you as it is working with you!
We're a Team
As a top-producing team in Minnesota, you’ll have access to unlimited resources, which is just one of many reasons why working with our team of short sale experts will pay off. When you work with one of us, you work with all of us!
minnesota short sale experts
Meet Our Team Of Short Sale Rockstars In The Minnesota Market...
Looking to buy or sell a short sale in Minnesota? Not only is our Top-Producing team experienced in short sale transactions but we also educate our clients about the complex short sale process in order for them to make the best possible decision for their individual situation. So whether you’re looking to sell your home, condo, or investment property that’s currently under water, give our Minnesota short sale agents a call today!
Kris Lindahl
Short Sale Expert
Brandy Skonseng
Short Sale Expert
Kasandra Rinnet
Short Sale Expert
Kat Pap
Short Sale Listing Expert
search minnesota short sales
See What Short Sales Are Available In Some Of Minnesota's Hottest Markets...
Helping our clients find the home of their dreams is our ultimate goal, and in many cases, that often involves dealing with short sale listings. Whether you see the long-term potential of a short sale property or just happen to like a home that’s currently listed as a short sale, it’s important your work with a team of educated and experienced real estate agents who understand the short sale process in and out. And that team here in Minnesota is the Kris Lindahl Team. For information about short sale transactions or to see how we can help you buy or sell a short sale in Minnesota, contact us today for a free, no-obligation consultation to discuss your individual situation or simply start browsing active short sales currently listed on the market below.
from the short sale blog
our testimonials
What Our Short Sale Clients Are Saying...
With so much experience working with short sales, find out what just some of our short sale clients are saying about working with The Kris Lindahl Team!
Questions about short sales?
Is a Short Sale right for you? The first step is contacting an experienced short sale agent. Fill out the form below to get in touch with our Minnesota short sale experts today!
Address
2407 109th Ave NE Ste 110
Blaine, MN 55449
Phone
(763) 401-4045
AskKris@KrisLindahl.com
www.KrisLindahl.com