Wednesday, March 31, 2010

Short Sales - Facts and Fiction

Short sales are increasingly popular in Minnesota and can offer a significant bargain for buyers that understand the process. Before you jump in, there are important considerations, pitfalls and drawbacks to keep in mind.

The Minnesota Home Ownership Center has created a new Fact Sheet for home buyers titled “Purchasing a Short Sale Home” that explains the Short Sale process and explains how purchasing a Short Sale differs from traditional home purchases and outlines the advantages and disadvantages of purchasing a Short Sale.

The Center's goal is to help YOU be a successful homeowner.  We have other Fact Sheets for home buyers, here.

Not sure if purchasing a Short Sale is right for you? Not sure what your next steps to home ownership should be? Speak with a non-profit housing counselor! For more information about housing counseling and other assistance available in Minnesota... click here.

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