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Property Investor Businesses Buying Short Sales

Published February 1, 2011 in Bank America Short Sales - 0 Comments

Short Sale Shift

Thank you for tuning in to our blog. Happy New Year. It’s a new year and another year to help as many Minneapolis homeowners as possible. We plot our goals, but for each person we assist there are thousands that aren’t receiving help. With a target to help several hundred homeowners throughout a Minneapolis short sale, we’re ready to help you.

Now we wanted to chat about something that you may have seen or heard recently. Property investor businesses are trying to obtain your short sale without advertising it to the public. We are comfortable with property investors helping us correct this market. However, lots of of our Minneapolis short sale patrons are getting contacted by these businesses. They are trying to get our short sale customers without the house going to the market. They try to put in a very low proposal and then negotiate with the lender themselves. There are some things wrong with that. The bank requires you to sign documents that says the investor is not negotiating the short sale.

The worst part of this process is that the Minneapolis house isn’t being put on the market. The lenders want to be certain that the home is on the market and obtaining the best offer. When you get to a point that the bank will have to accept an offer, you can find trouble with how much the shortage is between what the home sells for and what is due on the loan. To be clear, the short sale route is a complicated one. We believe that it is the best interest of Minneapolis potential customers to list their property on the MLS and show the lender that they are receiving the highest offer possible.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

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