Are you struggling with mortgage payments? 1 out of 10 homeowners are currently delinquent on their mortgage or they are facing the foreclosure process.

Sometimes bad things happen to good people. Know Your Options!

* Fannie Mae Deed for Lease Program - https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0933.pdf

* Fannie Mae Deed for Lease Program FAQs - https://www.efanniemae.com/sf/servicing/d4l/pdf/d4lfaqs.pdf

* MN Attorney General Facing Foreclosure - http://www.minnesotafaim.org/conf_2009/Attorney_General_Resources/FacingForeclosure.pdf

*Tax relief for struggling homeowners - http://www.irs.gov/pub/irs-pdf/p4705.pdf

*Mortgage Forgiveness Debt Relief Act 2007 -http://www.irs.gov/individuals/article/0,,id=179414,00.html

*New Government Making Home Affordable Plan - http://www.makinghomeaffordable.gov/

*Does Fannie Mae own your mortgage? - http://loanlookup.fanniemae.com/loanlookup/

*What does the Fannie Mae Lookup mean? - http://www.fanniemae.com/aboutfm/pdf/loanlookupfaq.pdf

*Does Freddie Mac own your mortgage? - https://ww3.freddiemac.com/corporate/

*HUD Counselors - Free - http://portal.hud.gov/portal/page/portal/HUD/

*Foreclosure laws statewide - http://www.uslossmitigation.com/states/index.html

*Standard and Poor's Case Shiller Index -http://www2.standardandpoors.com/spf/pdf/index/2009-09_Residential_Real_Estate_Indicators.pdf

*Making Home Affordable Servicer Performance Report 9-09 - http://www.treas.gov/press/releases/docs/MHA%20Public%20100809%20Final.pdf

For the struggling homeowner who needs a Short Sale, a Short Sale allows the financially challenged homeowner to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With dropping home property values, this can save many homeowners from foreclosure and even bankruptcy. A Short Sale is much less costly for a lender than a foreclosure. Be sure to check out the links here and more on my website. Don't hestitate to call or text me with any questions you may have.

I am a REALTOR® not an investor. I am highly experienced working with banks and lenders - upper management and staff. I have trained on lender negotiations, lender process, and real estate finance for 20 years. I am a Certified Distressed Property Expert and I recently completed The Center for Asset Preservation certificate course detailing the new rules and regulations for the Making Home Affordable program. My Comfort Level: HIGH!

Bob Elliot 612 578 6162 or bob@bemnre.com
For much more Short Sale information: http://bit.ly/1U2hAq or
http://www.bobmnrealestate.com
RES Realty
Burnsville, MN


It is always good practice to consult your legal or tax advisor.

MN Short Sale Expert Helps Stop Foreclosure! Don't Wait Until It's Too Late*

Short Sales Minimize Homeowner Losses*

Did you know your bank may consider a short sale? This means the bank accepts less than you owe on your home!

Are you experiencing any of these hardships:

Upside down on your mortgage

Mortgage increase or adjustment

Reduced income

Unemployment

Medical emergencies

Sudden illness

Divorce

Death of a spouse

Military service

Every month that passes can be more damaging your credit! Little work is needed from you.Typically, homeowners just gather their financial information and documents. The lender pays commissions and costs.

See CNN Money Foreclosure Article http://money.cnn.com/2009/10/15/real_estate/foreclosure_crisis_deepens/

My business model is centered around building your case and facilitating the quickest sale!

· I prepare and handle lender negotiations, paperwork, and timelines.
· I will list and market your property.
· I will help the Buyer Agent understand the circumstances.
· I am with you every step of the way from listing your home on the market to closing!
· And if you need a home to go to I can help with locating a rental, rent-to-own, or contract for deeds.
· Nearly 20 years experience as a residential finance trainer and speaker.
· Nearly 24 years experience specializing in lender negotiations and keeping offers together.


I am a Realtor® trained in Short Sales - I'm not an investor!

Bob Elliot - Realtor® 612. 578.6162 bob@bemnre.com
http://www.bobmnrealestate.com/MN_Short_Sale_Expert/page_2280603.html

Certified Distressed Property Expert
Center for Asset Preservation Short Sale Certified
Harris Real Estate University

MN Short Sale Comfort level: HIGH!

RES Realty