Detroit Lakes Short Sale Specialist
Greenlaw Realty is a specialist Detroit Lakes Short Sale agent. A short sale occurs when someone has to sell a property for less than what they currently owe the bank.
We are your Detroit Lakes Short Sale Specialists
There are many circumstances that could lead to a short sale situation. If property values dropped, or you bought a property without putting very much money down, or the condition of your property has fallen below the market. These are all situations that could cause your house to be worth less than you owe. Some people can fix these situations with time, but if you need to sell, and your house is worth less than you owe, you can look at a short sale. We also specialize in all Detroit Lakes Real Estate.
Detroit Lakes Short Sale Listings
Our web MLS search capabilities on short sales are kind of limited, but if you call an agent today we can use the more robust MLS to find what you are looking for. Here are some Detroit Lakes area short sales.
Detroit Lakes Foreclosure Listings
Here are all of the current Detroit Lakes foreclosure Listings
Sell a Detroit Lakes Short Sale Property
If you are underwater on your current property, but need to sell, please contact a Greenlaw Realty agent today. We can discuss your options and give you an idea of what we think your home is currently worth. and come up with a plan to help you out of your situation. We don’t judge, we just help! We also partner with a Twin Cities law firm that specializes in Short Sale transactions. It is always good to have a lawyer here what is going on and make sure you know how a short sale will affect you legally and in the future when you are ready to buy again.
Buy a Detroit Lakes Short Sale Property
Buying a Detroit Lakes Short Sale property also comes with it’s own set of circumstances. When a person lists a short sale property there are essentially 2 or more entities that will have to approve the sale. First the seller has to accept your offer. This offer is then sent off to the bank that holds the sellers mortgage. The bank will either approve, decline, or counter. Sometimes there is more than one bank involved and they will have to negotiate between themselves to see who is going to lose what. Short sales can sometimes take up to 9 months to close, but 45-90 days is kind of the norm.
Greenlaw Realty is your Detroit Lakes Short Sale Expert
Contact one of our experienced Detroit Lakes Real Estate short sale agents today for a no cost, judgement free consultation.