How To Qualify For A Short Sale – Minneapolis Short Sale Experts
There are many hardships that qualify a seller for a short sale. If you find yourself owing more than your home is worth please let us know so we can look over your entire situation to see if you qualify for some relief.
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Avoid Foreclosure
Josh Pomerleau
Josh Pomerleau has been a leader in Twin Cities real estate for the past 7 years. He currently runs a team that is in the top 2% of all Realtors® in the Twin Cities Area. Throughout the years, Josh has been an innovative business leader in the area of short sales. He is a founding member of a short sale mastermind that meets yearly with Fannie Mae, Citi Bank, Wells Fargo, Chase, and Bank of America.
Sarah Willman
Sarah is a founding co-owner of ShortSaleShift.com and one of Minnesota’s top short sale teams. She began working in the real estate business in 2008 while finishing her Bachelor of Science Degree in Biology for the University of St. Thomas. After being accepted into several law schools for real estate law, Sarah shifted to working real estate full time.
Dear Josh or Sarah,
I have watched several of your videos and appreciate the information the two of you have been shelling out. My questions are probably a little more extensive so I will give you a little background. My wife and I bought a home in August 2005. We did not buy over our heads (thank god), but we somehow are not behind on our mortgage at all after I lost two jobs in two years as well as a year without a job. I have since joined the Army and am getting ready to be permantly assigned to a base in OK.
Here comes the qustions. I am pretty sure that we qualify for a short sale however, we did a zero income verify mortgage and split it 80 20. How does a short sale work with two mortgages such as ours? I have heard that after a short sale has gone through the process and all paper work is done and filed that the bank can still come after you for the reainder of the moneys owed….Is this a rumor or fact?
I am also not from the Twin Cities area. I am from Tampa bay area and was wondering if you could set me up with a realtor in my area to get this process started.
Sinserely,
Shawn