Foreclosures-Short Sales

What is a short sale? Why do many people say 2012 will be the year of the short sale?

A short sale occurs when the amount owed on a property is more than it is worth and the homeowner is not able to pay off the mortgage(s) when the property...
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Are short sales getting easier?

One would think that after living in the world of short sales for so many years they would be getting easier. Sadly, my experience indicates otherwise.  I remember a post...
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Impact of Foreclosure vs Short Sale Options

If you are underwater on your Fannie Mae insured home mortgage and are considering either a  foreclosure or a short sale as options, here are some comparisons of the potential impact...
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Buying a Short Sale

If you are searching for a home to buy there is a good possibility you have come across some short sale listings. They currently make up nearly 21% of homes available for...
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Foreclosure Piece of Market Pie Continues to Shrink

I find it exciting that not only are traditional sales up significantly compared to last year at this time, they are also up compared to two years ago! According to the most...
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New financing and short sale guidelines effective today

FHA Upfront MIP  increases from 1.75% to 2.25% Effective today for all new FHA mortgage files, the upfront mortgage insurance premium increases by one-half percent, from 1.75% to 2.25%. This translates to an...
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Mortgage distress? What are your options?

Having trouble making your mortgage payments? Not enough equity in your home to sell and pay off your mortgage?  It can be overwhelming… and even more so when you have...
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Do you qualify for a short sale?

A short sale is a situation where a seller owes more money on a property than the property will sell for in today's market… and the seller is unable or unwilling...
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Sharon and John Hensrud

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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.