John Prins - Certified Distressed Property Expert

• Home Evaluation
• Seller Information
• Short Sale Versus Foreclosure
• Loan Modifications, Deed-in-lieu Foreclosure, And Other Options
• Buyer Information
• Mortgage Qualifying and Calculators
• Credit Information
• School Information
• Area Links
• Featured Listings
• Contact Us

Today's Real Estate Issue - Anywhere from 20% to 40% of Minnesota homeowners owe more on their home than it's worth. Depending on your particular situation there may be tax consequences and deficiency judgment issues when deciding to sell the home.

Decision Time: Short Sale versus Foreclosure?
Other options include loan modifications, reinstatement, loss mitigation, short refinancing, forbearance, deed-in-lieu of foreclosure, and more.

We recommend the following steps to find a solution:

Step One: Contact John Prins to establish your homes current value - Home Evaluation Request. If your home is worth more than you owe you are a traditional seller and you can skip Steps Two and Three.  However, if you owe more than your home is worth proceed with Steps Two and Three.

Step Two: Go to http://www.consumerbenefitsmn.com/ to educate yourself about the many options available to Minnesota homeowners. Find out the benefits of each option and which one may be best for you. Your lenders web site may be another useful resource you should take a look at.

Step Three: Contact your attorney, accountant, and/or financial planner to help decide what option may be the best for you. The issues are probably too complex to handle without professional assistance.

To get started finding out what is the best for your family contact:

John Prins - The Realty House - Certified Distressed Property Expert (CDPE)

Steve Betow - The Realty House - Client Care Coordinator
Direct: (612)978-2831 steveb@betow.com