In the past 2 years our economy has been turned upside down. As a result, many families have lost jobs and become financially overwhelmed. Our special training can help homeowners who find themselves upside down on their mortgages and unable to make payments before they go into foreclosure.
Rather than go in to foreclosure and loose 250-300 points on your credit score which will last for at least 7 years, there are alternatives. Loan modification is an option if you can still make a payment but need it lowered. Another good option is the short sale where the lender accepts a lower price than the loan amount. They do this because it is a better option for them than foreclosure.
This process takes training, understanding and patience in working with the seller, lender and buyer. Making sure the process is carried out exactly as the lender requires is a very important part of a successful sale.
We know what to do and how to work with the appropriate system. It is important that you always work with an agent who is specially trained for this! Most agents are not aware of the pitfalls and requirements of the system and cannot get the sale completed.
It is our goal to try and help people find a better resolution than foreclosure if this is possible. Timing is critical and we need to reach people before the foreclosure process has been completed!
For More Information on Distressed Property and Related Topics go to: www.cdpe.com
New York Times Article on the Mortgage Meltdown go to: www.nytimes.com/2007/08/19/business/19credit.html
Minnesota Housing Information go to: mnhousing.gov/consumers/home-owners
MN Foreclosure information go to: mhfa.state.mn.us/homes/homes_foreclosure.html