inception-app-prod/NmEwNzBmMGYtMmUxNi00Yjk4LTgxZDYtYWQ1NjI2ZjAyZmY4/logo/2018/08/HBA Modified Layout_horizontal_final_med.png
Assurance of Service and Honesty
  • About Us
    • About Lisa Ash
    • About Sandy Rauscher
  • For Home Sellers
    • Property Value Evaluations
    • Facing Foreclosure?
    • Short Sales, Foreclosures and More
  • For Homebuyers
    • School Search
    • Downpayment Assistance!
    • Get Pre-Approved NOW!
  • Communities
    • Community Pages
    • Hope 4 Youth
  • Featured Listings
    • Listings Search
  • Testimonials
  • Our Blog
  • Download Our App!
612-701-8368
Lisa@HomesByAsh.com
Sign In
Sign Up
inception-app-prod/NmEwNzBmMGYtMmUxNi00Yjk4LTgxZDYtYWQ1NjI2ZjAyZmY4/logo/2018/08/HBA Modified Layout_horizontal_final_med.png
Assurance of Service and Honesty
  • About Us
    • About Lisa Ash
    • About Sandy Rauscher
  • For Home Sellers
    • Property Value Evaluations
    • Facing Foreclosure?
    • Short Sales, Foreclosures and More
  • For Homebuyers
    • School Search
    • Downpayment Assistance!
    • Get Pre-Approved NOW!
  • Communities
    • Community Pages
    • Hope 4 Youth
  • Featured Listings
    • Listings Search
  • Testimonials
  • Our Blog
  • Download Our App!
inception-app-prod/NmEwNzBmMGYtMmUxNi00Yjk4LTgxZDYtYWQ1NjI2ZjAyZmY4/logo/2018/08/HBA Modified Layout_horizontal_final_med.png
Assurance of Service and Honesty

Short Sales, Foreclosures and More

Success Under Distress

Chances are, you or someone you know is facing the possibility of foreclosure. But you need to understand that you are not alone.

Today, 1 out of every 7 homeowners in America is behind on mortgage payments. These are tough and frustrating times. Now more than ever, it's important to identify your options. Foreclosure can be avoided, your credit can be saved, and your financial future can be salvaged.

Through my experience handling distressed properties over the years, I've found that homeowners today have more questions than answers about their circumstances. I have created this site to help you understand the possible solutions to foreclosure, as well as provide a detailed explanation of short sales, which may be the best course of action for some homeowners.

You may also have noticed that I'm offering you a FREE Report to explain your options and help you decide on a course of action. The idea of losing a home can be overwhelming, and I feel it is vital for you to have all the facts necessary to make an informed decision.

As an agent with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting the market and know that there are options available to you.

If you would like to know more about your options, please call me at (612) 701-8368.

I am here to help … in any way I can.

Lisa Ash 612-701-8368 (REALTOR, CDPE, CRS, SRES)

CDPE

SHORT SALES EXPLAINED

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

Here is a more official definition:

  • A homeowner is 'short' when the amount owed on his/her property is higher than the current market value.
  • A short sale occurs when a negotiation is entered into with the homeowner's mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then 'sold short' of the total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:

  • Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
  • Monthly Income Shortfall – In other words: "You have more months than money." A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
  • Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. I hold the CDPE® Designation and am ready to identify all possible options and, when possible, assist in the execution of a short sale transaction.

If you have questions or feel you may qualify for a short sale, please contact me for a free consultation.

Understanding your options now could mean all the difference in the world.

Have a question?

SUBMIT MY QUESTION
Submitting
Succes! Your message was sent!
Your question has been submitted to our team and someone will be in touch with you soon.
Oops! Error occurred.

Search listings

Enter city, zip, neighborhood, address…
Loading in progress…
No results found
Type in anything you’re looking for
CRS
EHO
Realtor
SRES
CRS
EHO
Realtor
SRES
CRS
EHO
Realtor
SRES
CRS
EHO
Realtor
SRES

Office Details

Keller Williams Realty Integrity NW16201 90th St. NE - Suite 100
Otsego, Minnesota 55330
763-241-7613
Lisa@HomesByAsh.com

Site Navigation

  • Home
  • Home Seller Resources
  • Homebuyer Resources
  • Community
  • Listings Search
  • Featured Listings
  • About Homes By Ash
  • Testimonials
  • Download My Mobile App!
  • Blog

Explore our communities

  • Community
  • Anoka
  • Andover
  • Blaine
  • Coon Rapids
  • Champlin
  • Maple Grove
  • Rogers
  • Ham Lake
  • Otsego
  • Lino Lakes

Consumer Protection & Privacy

  • Accessibility
  • DMCA Compliance
For ADA assistance, or if you experience difficulty in accessing any part of this website, email compliance@placester.com.


MN DRE# 20355856

inception-app-prod/NmEwNzBmMGYtMmUxNi00Yjk4LTgxZDYtYWQ1NjI2ZjAyZmY4/content/2020/11/hbamodifiedlayouthorizontalwhfinalmed.png

© 2023 All rights reserved

Created with Placester

Sign in

Sign In
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Sign Up
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Enter your email address

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Account verification in progress

Please wait...

Account Verified!
The page will reload automatically.
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link