Are you worried about making the next mortgage payment on your Minnesota house or condo?  Have you already missed one or more payments?  Is the value of your house less, that the amount of your mortgage?  If you answered, "yes" to any of these questions, you could benefit from speaking to a Minnesota REALTOR® who specializes in short sales.  You need short sale help.  A Minnesota short sale REALTOR® will handle the sale of your house as well as the negotiations with your mortgage company, bank or credit union.  A Minnesota short sale can be negotiated on 1st, 2nd or even 3rd mortgages with local or national banks.  The Minnesota REALTOR® you choose should have sucessfully negotiated at least 50 short sales if you're considering hiring him/her to handle your short sale.  This is essential because the banks are constantly changing how they handle short sales, you'll want an agent who is dealing with them on a daily basis who knows the latest requirements.

Minnesota REALTORS® specializing in short sales have two jobs:

1) Prepare, Market and Sell the House - This is the same job of any standard MN real estate agent.  

2) Negotiate the Clients Debt and When Possible Eliminate Future Liability - In an ideal situation the real estate agent will be able to get the clients mortgage company to completely forgive the debt.  This is not always possible.  If the client has two or three mortgages on the propety it is not uncommon that the 1st mortgage holder prohibits the 2nd and 3rd mortgages from receiving anymore than $1000 or $2000 for their position in the property.  Keep in mind that the 2nd or 3rd mortgage holders must receive something for their position (otherwise they won't release their position and the client won't be able to sell the house), but the 1st mortgage holder reasons, "if I am going to take a loss on this loan everybody else is as well".  This can be problematic.  For example, if the 2nd mortgage holder is owed $50,000 and they receive $2000 for their position, they may release their lien on the property, but they won't release the client from financial obligation to pay the remaing balance.  Keep in mind however, that they will definitiely be willing to negotiate.  They may be willing to forgive the remaining debt if the client throws in a few extra thousand.  This is when it's important to have a skilled MInnesota short sale agent representing you at the table.  They know what the banks bottom line is for accepting reduced payoffs based on previous experience. 

So how do you find a top short sale real estate agent in Minnesota?  612agent is identified the best Minnesota short sale REALTOR® to represent you.  The agent we work with has sold over 100 short sale properties in Minnesota and he is ready to answer your questions for FREE.