If you are considering selling and are concerned that you may have to take a loss on your home, you’re not alone. Over the last two years, Twin Cities foreclosure rates have multiplied fivefold (Foreclosures in Minnesota: A Report Based on County Sherriff’s Sale Data). Several factors have converged in the real estate market to force many homeowners into no-equity situations.

Although these problems may be new, they are not insurmountable. Fortunately, there are many available options. Bethany makes it her business to study and offer solutions to no-equity problems. With a myriad of resources and contacts at her disposal, she is able to offer unique and invaluable help to owners who find themselves in financial straits.

There are some pitfalls to avoid when considering your options for what to do in a no-equity position. You need to be informed every step of the way in order to avoid tragic mistakes. Working through the process with caring and knowledgeable professionals is the key to avoiding devastating errors. Call Bethany today to meet her and set up a free phone consultation.

Short sales can be difficult to close. After an initial offer is made, 4-12 weeks might pass before the bank responds. Often, a buyer who makes an offer is not willing to wait this long and will withdraw from a potential sale.  To get around this obstacle and avoid “burning through your first buyer”, consider having an investor put in an offer on your property. This will get the process started with the bank.  That way, if the investors’ lower offer isn’t accepted by the bank, the process has begun by the time you receive an offer from another potential buyer.