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Category Archives: MN Strategic Mortgage Default
Getting Married – What to Do When You Have Negative Equity In Your Real Estate
Getting married? Congratulations! Own a home that is underwater? That could be a problem. But not an insurmountable one. If you have been reading the wedding blogs you know that most couples do not discuss their finances, credit scores, assets … Continue reading
Job Losses Continued To Drive Mortgage Defaults Through 2011
One in three Americans would be unable to make their mortgage or rent payment beyond one month if they lost their job, according to the results of a national survey taken in mid-September. Despite being more affluent, the poll found … Continue reading
Strategic Mortgage Default and Strategic Short Sales in MN
As home prices continue to plummet and unemployment remains a huge problem, more and more homeowners are turning in the keys to their homes and refusing to make any more payments on their mortgages. However, walking away from an underwater … Continue reading
Strategic Short Sales – Short Sales Without A Hardship in MN
With real estate values in the Twin Cities off by over 50% in some areas, it will take DECADES before the value returns to 2006 levels. Now millions of responsible homeowners have to make some tough decisions as their housing needs … Continue reading
How Broke Do I Need to Be In Order To Do A MN Short Sale? Is A Strategic Default For Me?
I get asked this question daily from folks who are need to sell their properties due to a life transition, retirement, marriage, new child, job relocation, etc. It used to be that when a life event occurred you could call … Continue reading
60 Minutes News Reports On Strategic Defaults – MN Strategic Mortgage Default
Strategic default is becoming common place in MN. Typically I receive several inquiries per week from sellers who are upside down on a property and want to get out from under the property. Most of these homeowners do have the … Continue reading
Minnneapolis MN Home Values To Recover Between 2015 and 2025
Metro Home Prices Not Back to Peak Until After 2015 According to the research firm Fiserv, Inc. … Twin Cities Metro Area home prices won’t recover to their mid-2000′s peak until sometime between 2015 and 2025. Yeah… that’s 15 years … Continue reading
MN Mortgage Borrower Equity and Defaults – The Harsh Reality
The chaotic meltdown in housing values will most likely continue through 2013 as there are no good solutions to the problem of negative equity. Many lenders are allowing borrowers to short sale their properties even if they could afford to … Continue reading
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