Home For Sale at 2024 Meridian Court Shakopee MN 55379

2024 Meridian Ct Shakopee2024 Meridian Court Shakopee MN 55379Shakopee real estate at its finest! Only available due to offer falling apart. Immediate occupancy. Priced to sell quickly and with the limited amount of homes for sale in Shakopee, this one has what you’re looking for.

 

Sale fell through! We had this gorgeous split level home in Shakopee MN sold at  2024 Meridian Court Shakopee , but financing fell through for the buyers and now this home is offered again. Great buy! Park like setting in the back yard with koy ponds, fenced yard, gazebo and more. Home back up to pond and you have a fabulous yard to enjoy.

Tour 2024 Meridian Ct Shakopee MN 55379

Shakopee MLS 4126388

Beautiful split entry on cul-de-sac lot. Vaulted ceilings, large rooms, very well maintained. Perfect yard for entertaining in gazebo overlooking koy ponds. 14×16 shed w/ power & concrete patio complete this perfect home. Walkout lower level, large garage and lot of window letting in plenty of light. For showing information contact Shakopee Real Estate agent Dawn Lund of Re/Max Advantage Plus and the Twin City Real Estate Team. 612-483-4822

Shakopee homes for sale mls 4126388
Shakopee homes for sale mls 4126388

 

 

Incoming search terms:

  • michael breitung

Shakopee Homes Are Selling In Multiple Offers In Days

Shakopee Real Estate Market Heating Up

Shakopee homes are selling fast. If this real estate market continues, we will see some nice appreciation this year. The foreclosures and even short sales in Shakopee are flying off the market in less the a week. Traditional sales seem to lag a bit, but are not quite at the discount that the Shakopee foreclosure homes and short sales are priced. Inventory is about at a 7 year low in the city of Shakopee and Realtors in Shakopee can’t list homes fast enough for buyers to come in and throw down purchase agreements. If you are considering putting you home on the market, now is the time.

See all Shakopee homes for sale in the hot price range of $200-300K:

Browse ALL Shakopee MLS/IDX homes for sale.

Multiple Offers on Shakopee Homes

Shakopee homes selling in multiple offersAlmost every home I have had clients write on in the last 2 months has been multiple offers. Multiple offers on home in the $100,000 range and also on homes even in the $400,000’s. This is very surprising given the news you hear about the market being poor. I attribute most of this due to Shakopee homes being in limited inventory. The Shakopee real estate market has shrunk especially with good quality homes for sale. The foreclosures and even short sales are flying off the market in less the a week. The most recent offer I made was on a Shakopee townhome for sale and the property was listed only 5 days. The townhome was a bank owned property and the bank would not review offers for 5 days. On the fifth day the bank had 8 other offers in hand and althought we bid OVER list price for the townhome in Shakopee, we lost out. The property I was told sold for about $18,000 over the list price. This is  huge number given the fact the townhome was only listed for around $106,000. Think about that for a minute. Shakopee homes selling in multiple offers for almost 17% OVER the list price.

What is a Shakopee MN Short Sale?

Shakopee Minnesota Short Sale Help

Short sales in Minnesota can be stressful and frustrating, but they don’t have to be. What is a MN short sale? A short sale is essentially when a seller owes more on their mortgage or mortgages than the home is worth. The bank will negotiate with the seller to get rid of the remaining balance on the mortgage if the seller qualifies for a short sale?

View Our Video About What is a Shakopee MN Short Sale

 

Shakopee Short Sale Realtors

We do not handle the short sale process directly with the banks. Our Shakopee short sale realtors team feels the attorneys we work with provide our clients the highest level of service, acShakopee short sale real estate agentscountability and best chances to negotiate the deficient balance.  The legal teams we work with to help you avoid foreclosure as a short sale in Minnesota are the best in the business.  Our job is to help get an offer on your home. We list and sell your home no different than a traditional sale.  High quality photos, youtube videos, syndicated listing on the best websites on the interest. We do it all to make this a less stressful process you both you and your family. We look to build relationships with our clients and get them on the right track both during the MN short sale process and after.

How to Buy a Shakopee Foreclosure Listing

Buying a foreclosure is actually quite simple. Many buyers have preconceived ideas that foreclosures take Foooooorever to close, but that is not the case. In rare instances there might be title defects that cause a delay, but for the most part foreclosure close in 30-60 days. You don’t have to worry about aligning a time of day with the actual seller who might be closing on another home and can almost aways move the date up if you like. Again, no seller living in the home. Banks such as Fannie Mae and Freddie Mac have started putting brand new carpet in home, replace broken items and even repainting so that their foreclosure listings sell faster.

If you are search for foreclosure homes for sale in Shakopee, check to see what bank is involved and do realize many banks price their homes UNDER market value in order to obtain multiple offers with weeks if not days. Many banks of foreclosure listings are letting the buyer dictate market value, so if you think a home is a good deal, likely it is. Always review with a Shakopee realtor to make sure you are looking at comparable sales within the last six months and review pending homes and active MLS listing so that you can see a market trend of homes for sale.

Title Insurance for Foreclosure Homes

Foreclosed homes realtorPurchasing title insurance on a foreclosure home is probably one of the best decision in my opinion as this protects against any defects on the title. Throughout the foreclosure process the is a notice of pendency, sheriffs sale and a redemption period.If for some reason there is a lapse or if a mortgage goes unnoticed and not recorded that stay with the home, NOT the previous owner. Like any other insurance you hope you never need to use it, but it is always nice when there. Also imagine how much it would cost to hire an attorney if any issues came about.

Shakopee Home Buyers Seminar

Buying a Shakopee home can be one of the largest decisions a person can make. Knowing the process from start to finish can help alleviate nerves as well a give you crucial information to help make an informative decision. Experience in home buying seminars our real estate agents have held seminars for the Scott County CDA, private buyers seminars, one on one individual consultations and buyers seminars for the St. Paul Children’s Home Society.

First Time Buyer Seminars

First time buyer seminars are aimed for those buying their first Shakopee property. We cover topics such as setting a budget, how and when to get pre approved and the Shakopee home buying process. From our initial consultation to closing we share details in regards to inspection, appraisals and writing the offer.

Down Payment Assistance Programs for Purchasing Shakopee Real Estate

Many buyers look to down payment assistance programs in order to qualify for their first Shakopee house. In this seminar we cover the different options for buyer when purchasing a home using down payment assistance. Many questions buyers ask is 1) do I qualify 2) do I need to pay the money back. We also have a sponsor for this seminar and bring in a local real estate mortgage consultant to review the programs as well as offer our buyers seminar attendees a free no obligation pre approval. We have high expectation for the loan officers that work with our team and assure you will not be disappointed.

How to Buy a Shakopee Short Sale or Foreclosure Seminars

Today’s hot topic! What is the difference between a short sale and a foreclosure? Many buyers are unsure how these to differentiate and many have preconceived notions they have heard from friends, family or coworkers. We set these myths straight and walk you through the process on why banks make buyers sign “as is” addendums, why we feel it’s important to purchase title insurance on Shakopee foreclosure properties and how the process differs from that of a traditional sale.

If you would like to sign up for one of our seminars, contact us at the Twin City Real Estate Team for availability.

New Shakopee Home For Sale MLS 4128583

529 3rd Ave E Shakopee homes mls 4128583
MLS 4128583 Shakopee Listing

529 3rd Avenue East, Shakopee Minnesota

This cute as a button Shakopee home has great curb appeal! One of the nicest Shakopee homes for sale in its price range this house has 3 bedrooms and 2 bathrooms. One of the nicest features of this one and a half story home is the huge garage space. Although listed as a two car garage this easily has the space of many three car garages around. Updated 1 1/2 story home with HUGE garage and fenced yard. 3 season porch to enjoy, hardwood floors, Anderson windows, vinyl siding, newer roof and more!

Video For 529 3rd Ave E. Shakopee, MN

 

Shakopee Realtor Showing Information For 529 3rd Ave E Shakopee

If you would like to set up a private showing on this home, or would like to inquire about the next open house on this property, contact Shakopee real estate agent Tom Scott of Re/Max Advantage Plus and the Twin City Real Estate Team. You can reach us at 612-384-2178 or email for a quick response at TomScott@Remax.net. Thank you for checking out our Shakopee home for sale at 529 3rd Avenue East, Shakopee Minnesota.

 

 

Shakopee Homes for Sale

kitchen stock photo for shakopee home forecclosures pages

If you are thinking about shopping for Shakopee homes, your timing is perfect? Why? Real estate prices are still low, but things are heating up. Multiple offers on Shakopee homes for sale are becoming commonplace. The MLS inventory of houses still offers selection, but that inventory is beginning to shrink. As a result, buyer demand is starting to increase, and prices are going up. Every type of home in all price ranges in Shakopee MN is selling.

Here are Shakopee MN real estate listings that were posted to the MLS/IDX within the last 10 days:

View ALL available homes in Shakopee.

Shakopee Homes are Easy to Finance!

Mortgage rates are low, and right now some fabulous financing programs are available, most notably the Scott County CDA downpayment assistance program. Many Shakopee home buyers are financing with the minimal down FHA 3.5% programs. Many banks will also pay 3% of the buyer closing costs. There is even a helpful conventional program where you can put down only 5-10% and still avoid the added monthly costs mortgage insurance , saving you hundreds of dollars per month. There is an upfront mortgage insurance cost, but if you stay in your home more than three years, you will recover the cost. This is a popular way to finance the purchase of Shakopee homes.

New Homes in Shakopee for Sale

Shakopee’s premier home builder is F&B construction, a custom home builder in Shakopee, with a 40 year old reputation for building quality custom homes. Currently they are building in the Spring Lake Estate developments in Prior Lake but can build anywhere. They are planning on building more Shakopee homes on eight lots, three of which will back up to Stonebrooke golf course. If you are thinking about buying a new home in Shakopee, this is a good time to get started because lot prices are bound to go skyward as the population of Scott County continues to grow.

Shakopee Homes Hold Value

Shakopee homes hold their value over the long term, thanks to the high quality of life offered by this well-run community. Citizens and community leaders are resolute about encouraging job-creating business to move here without compromising the natural beauty of this area. There are already a number of start-ups and major corporations operating in Shakopee.

Shakopee offers top-notch municipal amenities, major shopping, good schools and major entertainment venues such as Canterbury Park and Valley Fair. Shakopee MN homes offer far more value than properties north of the Minnesota River in Chanhassen and Eden Prairie. Unless you commute to work on the north side of the river, there are so many new amenities south of the river that you will find that you rarely have to cross the river to find what you are looking for. Shakopee homes offer a convenient location and appreciation over the long term.

Luxury Homes in Shakopee, Minnesota

You don’t need to cross the river to find fine upscale homes; there are some great luxury Shakopee homes for sale right here, especially in Valley Creek Crossing The Valley Creek Crossing neighborhood was built by about twelve quality builders including Lennar, and rigorous architectural standards, including a requirement for natural materials on the front of the house. This is a neighborhood with an aesthetically pleasing mix of a variety of styles which stands in stark contrast to many other developments that offer cookie-cutter designs, meaning that all of the houses look the same. Careful planning and thoughtful architectural standards insure that the property value of Shakopee homes in Valley Creek Crossing is protected.

Glacier Estates is another prominent neighborhood of luxury Shakopee homes built by Ryland, a local builder of note. Glacier Estates is strategically located between County Rd 18, Eagle Creek Boulevard, the new Highway 21, and affords easy access to MN 169. This is an especially convenient location because it is just a “stone’s throw” from big-box stores, including Best Buy, Sam’s Club, Walmart, and a number of other major retail venues.

Savannah Oaks is another gorgeous neighborhood of Shakopee homes in the Southbridge area. Savannah Oaks homes are mostly two story homes with brick fronts that were built by DR Horton. A number of Savannah Oaks homes have been foreclosed and some are in potential short-sale listings, meaning that they are already priced to sell. Shakopee homes in Savanna Oaks are expected to hold value well, thanks to the convenient location and the quality craftsmanship that DR Horton is known for.

Shakopee Homes are Affordable

Park Meadows is a Centex-built neighborhood of single family neighborhood of two-story homes with about 2400 to 3500 square feet above grade. This is a great place to grow your family, and there is a twelve acre park that is being finished up.


Townhomes in Shakopee

There are a number of good neighborhoods of Shakopee townhomes with excellent purchase opportunities, and you could hardly go wrong on any of them. There are single level detached townhomes, townhomes with all living facilities on one level, as well as twin homes and side-by side styles. One neighborhood of Shakopee townhomes that are especially hot sellers right now are found in Deans Lake development by Lowe’s and CSV Pharmacy. All of these townhomes were built by Ryland, including three distinct floor plans. There are also detached townhomes in the neighborhood that are selling at half of the price they were built for. Judging by the way the Shakopee townhome market is heating up, these prices won’t last very long.
Foreclosed Shakopee Homes
Shakopee home foreclosures are offering home buyers unprecedented opportunities to find affordable homes at prices that are decidedly in their favor. Short sales listings are also in abundant supply, and about 60-65% of all of the real estate are either foreclosed properties or short sale situations.

Your Shakopee Real Estate Agent

If you are considering the purchase of a Shakopee home, call me first. I grew up in this area, and my wife and I both work here. I have been licensed since 2001, hold my broker license, and kow the area better than alsmost everyone. My mission as your REALTOR is to help you find the best Shakopee homes that most closely meets your needs. I think I am also a very patient person and am not pushy when it comes to buying or selling. I want you to be as happy about living here as I am. Who knows? We might be neighbors!

Shakopee Foreclosed Homes

stock photo for shakopee home foreclosures page

It’s a poorly kept secret that the Twin Cities real estate market has been affected by the recent economic downturn, and Shakopee home prices are not an exception to this. Even though Shakopee home prices have not been impacted nearly as hard as other metro areas, there is still a broad inventory of Shakopee foreclosures for sale on the regional MLS. The good news from all of this is that Shakopee foreclosures offer prices on homes in many cases that are significantly less than what the homeowner paid for it just three or four years ago. As a result, the Shakopee real estate market is presenting home buyers with conditions that are sharply tilted in their favor. Shakopee foreclosures are creating the best home buyers market you may ever see in your lifetime.

Browse some Shakopee foreclosed properties posted to the MLS within the past two weeks:

Display all Shakopee foreclosed homes (bank-owned) currently available on the regional MLS/IDX.

Time to Invest in Foreclosed Shakopee Homes

Another piece of good news is that homes in Shakopee hold their value appreciate well over the long haul, and are still one of the best long-term investments you can make. If you pick up one of these Shakopee foreclosures at today’s prices and hang on to it, you should come out ahead. Scott County is one of the fastest growing areas in the state, and Shakopee is anticipated to see the lion’s share of this growth. Why? Highway improvements continue to make this southern metro Minneapolis suburb more accessible than ever, and quality schools, parks, top-notch municipal services, and recreational opportunities support a high quality of life. In addition, Shakopee MN  enjoys an abundance of major retail venues that include Cub Foods, Target, Kohls, Walmart, Sam’s Club, Lowes, Home Depot, and many, many more. There is nice selection of fine restaurants like Dangerfields, a multi-screen theater and so many other important amenities that it is hardly necessary for residents to cross the Minnesota River to find the things they need. No one has a crystal ball that can predict how much homes can appreciate, but the smart money is on Shakopee real estate.

Savvy real estate investors are acutely aware of market conditions, especially price, the supply of Shakopee foreclosures, low interest rates, and potential for future resale. They are starting to scoop up foreclosed Shakopee homes at a good stiff clip, knowing that they can use them for positive cash flow now and for capital gains in the future. First-time home buyers are also taking advantage of the affordable supply of Shakopee foreclosures because they realize that the prices of Shakopee homes will go up as the inventory of foreclosed Shakopee homes dwindles, the prices go up. Many who are indecisive will miss out, and may be locked into a rental situations for a long, long time.

Buying Shakopee Foreclosures

If you are looking to purchase Shakopee foreclosures or other distressed properties, call me for a free consultation. As a long time resident, REALTOR, and foreclosures expert, I know the market trends, neighborhood resale histories, and even the lenders who currently own these properties. I also understand construction techniques and issues that may affect your enjoyment of your purchase The purchase of a Shakopee foreclosure requires a transaction process that is quite different than traditional real estate purchases, and because each situation is unique and every lender is different, every transaction is unique. Also, I know how to negotiate with the lenders and can represent your interests by ensuring that you understand the process and what it takes to compose a winning offer on your terms.

Your REALTOR for Foreclosed Shakopee Homes

My goal as your Shakopee foreclosures expert is help you buy the best property at the best value, under terms of a contract that favor your interests. Also, I often am aware of properties that are facing foreclosure but have not yet reached the MLS.

Call me for a no-hassle consultation at 612.384.2178. If I can serve you in any way, please let me know. I am here to help.
Main photo by Alexius
&nbps;

Real Estate Photography on top of page by ReeseImaging.com

Shakopee Townhome Short Sales

stock photo for shakopee townhome short sales - end unit

Shakopee townhome developments comprise an enormous segment of the Shakopee real estate market, and the MLS inventory is brimming with Shakopee townhome short sales listings.

Check out short sale Shakopee townhome listings for sale on the MLS/IDX system:

Bookmark this link for ALL townhomes in Shakopee listed as “short sales.”
 

Why Are There So Many Shakopee Townhome Short Sales?

There are few townhouses that were built more than 20 years ago, and the bulk of them were built in the early 2000’s at a time when townhome prices were soaring and unsound lending practices were rampant. Many townhomes were purchased with risky mortgage products such as interest only ARMs. Also, many of these homes were purchased with little or no money down, and seller contributions toward buyer closing costs were commonplace, meaning that many townhome owners were actually buying themselves into negative equity situations right at closing. Shakopee townhomes seemed to be going up everywhere, and soon it became apparent that these types of homes were overbuilt. Then the economic downturn came, ARM mortages were adjusted upwards, and prices fell. Credit and underwriting tightened up, making it harder for buyers to purchase. Non-stop “the sky is falling” media reports about the real estate market eroded buyer confidence. All of this was the perfect recipe for creating the inventory of Shakopee townhome short sales listings that we see today.

Time to Purchase Shakopee Townhome Short Sales

Fast-forward to the future: The economy recovers, and the population of Shakopee continues to grow. In fact, Scott County is the fastest growing county in the state of Minnesota, and it doesn’t take a real estate guru to tell you that increased population means increased demand, and prices stabilize and begin to climb. It is axiomatic that if you want to make profits in real estate, buy property where the people will be. Inventory of Shakopee townhome short sales and foreclosure listings begins to decline, placing yet another upward pressure on prices. Interest rates begin to go back up and buyers who were “sitting on the fence” start to get nervous, so they jump off the fence and buy.

Timing is important too. Warren Buffett and Donald Trump are both telling us that the time to buy real estate right now. Warren Buffet claims that he finds the most opportunity “when there is blood in the streets.” If you have been thinking of shopping for Shakopee townhome short sale listings, don’t make the classic investor’s mistake of waiting until prices go up. Also, don’t make the classic borrower’s mistake of waiting until prices go up. Owners of Shakopee short sale townhome listings have taken a beating from market conditions, but if you are a home buyer, your stock is rising. Shakopee townhome short sales are presenting you with a buying opportunity of a lifetime!

Short Sale Townhomes in Shakopee for Sale

If you are looking for a Shakopee MN townhouse, the selection is broad and prices are great. According to the Northstar Regional MLS at the time of this post, there were a total of 37 Shakopee short sale townhome listings, with prices running the gamut from $64,900 to $270K, at an average list price of $121,000 and an average finished square footage of 1640 sq ft. That’s a lot of home for the money. In fact, you can find detached Shakopee townhomes in Southbridge offering 1800+ square feet of living space for only 110K, and side-by-side 3 br townhouses offering 1576 square feet and priced in the 90’s The best part about it is that most of these townhouses are in mint condition, in spite of their distressed status. On the west end of town near Tahpah park, you can find sharp BrightKeys-built side-by-side townhomes in Stone Meadows boasting low HOPA fees of $110 per month that include everthing. And if you really want to ride the demographic wave of baby boomers with bad knees that are close to retirement age, an all-one-level Pulte Built townhome with a Great Room, spacious, sunny kitchen, sun room, main floor laundry room, and attached garages can be found right across the street from the BrightKeys development, priced in the mere $130’s!

Some sterling examples of the tremendous deals on Shakopee town short sales you can find are some classy detached two story townhomes in Dean Lakes addition with a traditional look, five bedrooms, four baths, granite countertops, stainless steel appliances, extra large cabinets, maple flooring, gas fireplace, master bath with whirlpool tub, and many other upgrades and special touches.

It’s All Good!

It’s all here, and it’s all yours at an incredible price, with financing available at historically low interest rates. Whatever you are looking for, you will find it in Shakopee, and some of the real estate deals right now are Shakopee townhome short sales. Contact your Shakopee short sales expert now for more comprehensive information.

Shakopee Short Sales: Bonanza for Home Buyers

representative of shakopee short sales

Bam! Bam! Bam!

Did you hear that?

That’s the sound of opportunity knocking!  Today’s Shakopee real estate market is presenting you with unprecedented purchase opportunities, and Shakopee short sales are holding a window of opportunity open for home buyers. Many of these Shakopee short sales listings are priced tens to hundreds of thousands of dollars less than what the current home owners paid for them just a few years ago.

Here are some Shakopee MN short sales listings that were posted on the MLS/IDX within the last 30 days:


 

Here is a link that will display ALL Shakopee Short Sales, according to the MLS/IDX system.

 

Buying Shakopee Short Sales: A Window of Opportunity

But don’t expect this window of opportunity to stay open forever. Interest rates right now are at historic lows, and can only go up, and the economy will eventually make a full recovery, and homebuyer confidence and demand will soar once again.  As the supply of Shakopee short sales inventory declines, prices can only go up.

By definition, Shakopee short sales are “short” because proceeds of the sale are less than the current balance of the mortgage on the subject property.  This means that banks will need to “eat” the difference in the form of a loss.  Obviously this loss is your gain!

Do lenders really do this, and why would they do it? Yes!  Lenders do not want to accumulate any more REO inventory; they know from experience that if the property goes into foreclosure, they will incur many more expenses and take a much larger loss.  Lenders are becoming more realistic  than ever, and are willing to negotiate.

If you are shopping for Shakopee short sales, there are a few things you should know.  That property that you see listed as a “short sale” might not really be for sale because the lender might not be willing to approve of an offer at list price.  A Shakopee short sales expert can help you uncover information about this aspect of the sale.  Also, it is possible for your offer to get “bumped” and frequently it can take a long time for offers to be accepted.  Multiple offers are often placed on these properties.  Also, these properties cannot be purchased for pennies on the dollar as some late-night TV infomercials may suggest; however a professional Shakopee short sales expert with experience, finesse, and acumen can still help you get a great bargain by guiding you through the process, providing a realistic, objective view of the transaction, and negotiating with the lender.  I can cut through the layers of red tape and help ensure that the entire transaction proceeds smoothly to closing.

Call me for a free consultation at 612.384.2170. Benefit from my years of experience with Shakopee short sales, my negotiation skills, and the five-star client service that I provide.  I am here to help!

Shakopee Short Sales: Help for Homeowners

If you are “upside down” on your mortgage, you are in good company. Many Shakopee homeowners in the same situation due to unforseen circumstances like loss of job or business, or even from balloon financing or other types of mortgages that demand an increase in monthly payments that cannot be met by the homeowner.  The “strategic foreclosure” approach to this problem is tempting to many sellers in this situation; however, it is important to realize that this idea is hardly “strategic” at all.  Foreclosures have untoward long-term consequences.  However, many Shakopee home owners have found that a successful short sale of the property is the best possible solution.

Common Myths About Shakopee Short Sales

Unfortunately, the “strategic foreclosure” is just one of a number of myths that some home owners have accepted.  Here are a few others:

Myth: I have to be delinquent on my monthly mortgage payments.
Fact: Lenders often consider hardship situations or conditions that ensure an upcoming shortfall.  If you are distressed by your current mortgage payments on your Shakopee home, contact your lender immediately to discuss the situation.

Myth: Banks will just let the property go into foreclosure.
Fact: Foreclosures are lengthy and expensive, and the lender will lose large amounts of money.  Lenders would rather see a short sale on  your Shakopee property before accepting more REO inventory.  As a result, they will go to great lengths to avoid the foreclosure process on your Shakopee home.

Myth:  There is not enough time for me to complete a short sale on my Shakopee property.
Fact:  Frequently, lenders will push the foreclosure deadlines back if they believe you are making reasonable efforts to sell your house. As a Shakopee short sales expert, I have been frequently been contacted by lenders who want to know the details about how your property is listed and marketed.

Myth:  Shakopee short sales rarely get approved.
Fact:  If you disclose everything about your situation to your REALTOR, the Realtor practices due diligence and knows how to communicate with the lender, and knows how to handle the details, your short sale will most likely be approved.

Myth: If I do a short sale, I will have to pay back the the difference between the proceeds and the balance of the mortgage.
Fact:  This rarely happens.  You will want a written guarantee from the lender stating that the balance has been forgiven.  Also, you should talk to your tax adviser about the tax consequences of the forgiven debt.

Myth: Listing my home as a short sale will be an embarrassment to me.
Fact: Hardly! nAny stigma attached to short sales has completely disappeared. More people are in your situation than you can possibly imagine.  However, long-term affects of foreclosure on your credit rating will follow you for a long, long time.

Help With Buying Short Sales Listings in Shakopee

Do you have any questions about listing your home as a Shakopee short sale?  Please call me for a confidential consultation at 612.384.2178.  Don’t let a foreclosure turn your life upside down.hakopee short sales.