This website is setup to help you get the answers you need about short selling your home in Minnesota!

If you have questions and can’t find the answer click on the contact us button or on the questions bubble to the right and put in your email address and we will get back to you within 24 hours. You can also call Attractive Realty and Dale at 612-284-8161.

Are you behind on your mortgage payments and looking for an alternative to foreclosure in Minnesota?

Real Estate Broker Dale Frisch is a CDPE (Certified Distressed Property Expert) and has been trained to help homeowners that may need to do a short sale in Minnesota (Short Sale MN).

What is a Short Sale in Minnesota (Short Sale MN)? A Short Sale in Minnesota (Short Sale MN) is a process were a Realtor or Lawyer works with a bank to sell a property for less than the current Mortgage amount and have the bank forgive the homeowner for the unpaid balance.
Dale Frisch and Attractive Realty has been working hard for years to help homeowners avoid foreclosure in Minnesota (short sale MN). We have helped homeowners avoid foreclosure in Minnesota so that they can buy within 3 years of the sale date compared to 5-7 years when a homeowner forecloses.
Why are Dale Frisch and Attractive Realty is so successful with their short sales in Minnesota (Short Sale MN)? 1. Experience in working with the banks, preparing the property and educating the homeowners on the short sale process. 2. Attractive Realty has partnered with Virtus Law LLP and Nathan Nelson to help the short selling homeowner also understand the legal issue in the short sale process. 3. Quick Communication with all parties in the transaction. Here are the facts about a short sale in Minnesota (Short Sale MN):

1. Homeowners and investment property owners can qualify for $3000 (HAFA) Relocation funds / cooperation consideration funds to short sale a property in Minnesota (Short Sale MN).
2. Forgiveness/mortgage satisfaction for 1st and 2nd mortgages. If a homeowner forecloses, the bank can sue them for the 2nd mortgage and levy bank accounts and garnish wages. Short Sales in Minnesota (short sale mn) done correctly will release the homeowner from any mortgage debt.
3. A short sale in Minnesota (Short Sale MN) can be completed during and up to the last day of the Redemption period( 6 month period after sheriff sale occurs).
4. Short sales in Minnesota (Short Sale MN) can take between 3-18 months to negotiate and close.
5. The homeowner or the renter can stay in the property during the Short Sale Process.
6. If a homeowner has lived in the home for 2 out of the last 5 years there is no tax on the debt forgiveness for the unpaid balance. The Mortgage Forgiveness Debt Relief Act and Debt Cancellation (hr3648).
7. Investment properties may have tax implications but property owners maybe Technical insolvent and would have to seek the advice of a CPA.