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Category Archives: MN Strategic Mortgage Default
Can I Short Sale My Minneapolis MN Home?
If you need to sell your home for any reason and you are like many homeowners who owe more on their homes than they are worth, then a short sale is most likely your best solution. Do not be misled … Continue reading
Tax Implications of A MN Short Sale
Will I pay taxes on the debt forgiven?” is one of the most commonly asked questions around short sales. There are two parts to answering this question: the federal taxes and state taxes. Let’s start with the federal taxes … 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
Should You Pay Your Mortgage Or Walk Away? Strategic Default In Minnesota
I am asked daily whether or not it makes sense to pay or walk away from a mortgage. The answer is simple: It is up to you. Pay or Go.com ; is a a calculator that you may use a … Continue reading
MN Association Dues Unpaid? You Could Have a Personal Judgement Filed
The rise in delinquent association dues is resulting in many associations taking legal action to collect the dues. If association dues are unpaid, it is likely that the association will obtain a PERSONAL JUDGMENT against the owner of the unit. … Continue reading
Short Sales – The Process
MaryAlice Short is a Realtor with the MN Real Estate Team and Remax Advantage Plus. She has been successfully negotiating and closing short sales since the market began it’s downward decline in 2006. Continue reading
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