Many homeoweners are curious about how the Minnesota foreclosure timeline works. They want to know what a notice of default is. How long before the sheriff sale, they want to know what a redemption period is and how long. They want to know how everything works. If they explore a loan mod, they would also [...]
Before we start the timeline I’d like to let you know that you can do a short sale these days being zero payments behind. The process starts when you become 30 days late. At this point the lender will often call you from their collections department. After being 60+ days late and missing 2 payments [...]
This video discusses the Minnesota Short Sale Timeline and how it affects you. He discusses when you first get behind on a payment, to the continued calls, the letters, and the sheriff sale. He discusses the redemption period. He has helped 100’s of homeowners in the twin cities. Short Sale Assistance Group [...]
The 4 questions are discussed about foreclosure. What is discussed is pre-foreclosure, sheriff sale, redemption period, and your credit. A good point he makes, is that the damage is already done with your credit score once you miss payments. They can discuss your options with you. He discusses how you want [...]
Todd answers some common questions about foreclosure. Todd has been in the financial business over 20+ years. He gives an overview of each process from deed in lieu, bankruptcy, loan modification, etc. Whenever possible you don’t want a bank foreclose if you can help it. He explains how it could take 5-7 years to be [...]
Almost every foreclosure in Minnesota is foreclosure by advertisement, I want to describe to you a little bit how it would play out.
1st missed payment- Bank collectors start calling
2nd missed payment-Bank collectors get more agressive, usually after the 2nd missed payment the homeowner will get a NOD-Notice of Default of the terms of the loan.
3rd [...]
