Spending an entire day listening to FBI investigators, prosecuting attorneys, and Minnesota Realtor representatives detailing the statewide fraud cases turned out to be a valuable experience. The variety and depth of housing fraud schemes is overwhelming and mind-boggling. Mortgage fraud has had an impact that has rippled through and crippled several Minnesota communities. The end result has left us, the Minnesota taxpayer, with enormous debt and substandard neighborhood conditions to be rectified. As our market changed from the high appreciation years to one of foreclosed homes, and now the advent of short sales, so have the fraud schemes.
I discovered a bright spot, however, in this dark cloud lurking over Minnesota housing. The Realtor Association is releasing a new form, Short Sale Notice, for home sellers. This one page form gives a concise explanation of the risks and ramifications for a seller pursuing, or at least considering, the short sale of their home. It is excellent awareness and education which we highly recommend.
If you have questions or interest in this new form, feel free to comment, or contact us today for a copy.
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Tami DeLand and Steve HansenSaint Cloud and Central Minnesota REALTORS
Coldwell Banker Burnet
(320) 258-6675
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St. Cloud Real Estate, Condos, Homes for SaleCentral Minnesota Real Estate---
