Minnesota Investors
PROPERTY OWNER FORM


*Currently we are only working with property owners that are not under contract right now with another agent/agency.
MinnesotaInvestors.com, Inc. is a licensed real estate broker in the state of Minnesota, and has provided a link to view MN agency disclosure.


Check here if you aren't under contract with another agent/agency  Check here if you are an agent
Your name: Your email address:
Phone number Confirm email address:
Address City   Zip


RENT OUT, SELL, OR REFINANCE   SELL YOUR HOME (BEHIND ON PAYMENTS)

 
FILL A VACANCY 
Ask me about my other vacancies
Yes, I am interested in your tenant find program (1 month fee)
Tenant Find: (Recommended)
One of our associates will do a brief phone consultation, Arrange Appointment to see the property(s) to do a on site rental analysis, Market and Advertise your Vacancy(s) on 17 to 81 different websites.  We will arrange, schedule and do all showings, process 100 point background check, prepare and do all lease documents associated with each property. Also comes with Free 60 Day warranty on tenant. If I come across some renter leads myself, I should give them to you and you'll still do all the showings and all the work.
FEE: (1) MONTHS RENT.
Yes, I am interested in your property management service
Full Service Property Management: (Recommended)
Collection of Rent, Coordinate Maintenance Requests, Pay Bills, Annual & quarterly Inspections of the property, Facilitate Evictions, Enforce Lease, End of Lease Turn Over, Provide Monthly Statements, Process CRP's for IRS, and much more.
FEE: ($100/m Flat Fee) -up to- (10% of Collected Monthly Rent) " Rate Varies with every Property, Also Ask about our Ala-Carte services!
Yes, I am interested in your 1 year tenant warranty program 
Tenant Warranty Program: (Recommended)
If we place a tenant in your property and for any reason they are problematic or in need of eviction, whether this may be late payments, no payments, noise complaints, etc. We will pay for the eviction, go to court on your behalf to have them evicted, and find you a new tenant at no additional cost. Free for 60 days with every Tenant Find, 1 year program available for additional fee. We are the only company confident enough in the caliber of tenants we place that we will WARRANTY everyone of our tenants!
FEE: ($299.99 For 1 Yr.)
Yes, I am interested in the 1/2 month fee tenant find program
Tenant Find 1/2 Price: (Not as Recommended)
One of our associates will do a brief phone consultation, Arrange Appointment to see the property(s) to do a on site rental analysis, Market and Advertise your Vacancy(s) on 17 to 81 different websites at our expense. We will arrange, schedule and YOU SHOW the property(s), take your own photos, we'll process 100 point background check, prepare and do all lease documents associated with each property.
FEE: (1/2) MONTHS RENT.

LIST/SELL ON THE MLS
Ask me about my other properties to sell

Yes, I would like to sell my home on the MLS with an agent.
The full listing service which will include the following:
-Agent puts listing on Realtor® MLS
-Agent gives ideas on home staging
-Agent gives tips on how to get in show condition
-Agent will discuss today's market value (CMA)
-Agent will help with the purchase agreement
-Agent will help with the negotiations
-Agent will help with ?'s from buyer's agents
-Agent will help to get a sign in the front yard
-Agent will help to post street signs
-Agent will help to put out ads for marketing
-Agent will help with in-house marketing and flyers
-Agent will help with seller disclosures and paperwork
-Agent will help with understanding buyer's inspections
-Agent will help with understanding buyer's appraisals
-Agent will help with updates from the loan officer
-Agent will help with the closing process
-Agent will help on the closing day, reviewing closing paperwork 
-Agent will help get photos taken and on the MLS
-Agent will help with measurements, data, add to MLS
-Agent will help get a lockbox on my door
-Agent will help with communication by email and phone
I would like to list the house on the MLS ASAP
I would like to list the house within the next 30 days
I would like to talk by phone or meet before I decide
.

Yes, I want to sell on a CONTRACT FOR DEED
If you decide to sell on a contract for deed, we would have an agent work with you under contract exclusively. Some advantages of selling on a Contract for Deed, you have are that you have a much more open market of available buyers, not every buyer can get financing in today's market. You will want to give them 12-36 months time typically to let them increase their credit score so they can get financing. It's up to you on the down payment amount, but 5-10% down is standard.  In cases where they quit making payments, It would take a minimum of 60 days to get the buyer out of the property after the notice of default, so it's a little longer than a renter eviction situation.  Also the contract for deed buyer would be considered the new equitable owner, and would be paying the taxes and insurance and would be receiving all of the tax breaks and depreciation on the property.  You will also most likely find a buyer for a contract for deed much faster than if you are looking to sell to a buyer who is getting financing.  If you sell on a contract for deed, you hold the deed to the property, and the loan will still remain in your name.  When you get your loan on your next property, you will need to notify your loan officer that your home has a contract on it, and the payment is covered. This will be important to help your debt to income ratio when qualifying for your next home. I would still recommend that your house be listed on the MLS and work with an agent full service, if you are going to sell on a contract for deed.

REFINANCE YOUR PROPERTY
Yes, I would like to Refinance my property
I would like to refinance for a lower monthly payment
I would like to refinance for a lower interest rate
I am looking to pull out cash on my refinance
I've been 30 days late on a mortgage payment/ last 12 mo
I would be interested in paying for credit repair services
I have had a bankruptcy in the last 12 months
I have had a foreclosure in the past 36 months




If your house is behind in payments, or about to be behind, and you owe too much on the house to sell for what's owing.  We would negotiate with your lender to get them to take less than what's owing (short sale). Please contact us today so we can get started on selling your house on a short sale.  It's going to be much better for your credit if you sell the house on a short sale rather then just giving the property back to the bank and losing it in foreclosure.


Questions about credit..
Todd Rooker who is the owner of Armor Financial Services Credit and Debt Specialists. Any questions regarding tax, bankruptcy, credit and financial planning, foreclosures, how it affects your future purchases, how to improve your credit score, etc.  Todd Rooker is excellent when it comes to understanding how all these situations relates to short sales.
Todd will then refer you to a CPA or Bankruptcy attorney if needed. Todd’s phone number is 763-383-0959.  Tell him Ron Orr told you to call him.


Questions about taxes...
MN Foreclosure tax questions

Questions about foreclosure process...
MN Foreclosure Process Example

Questions on how to find another place to live now...
Generally speaking, most foreclosure process, include 3+ payments behind before you get a NOD-Notice of default.  At this point you have to come up with the full amount to reinstate the loan.  Soon after in most cases the banks will file a foreclosure proceeding, and will advertise your property in the legal newspapers for 6 weeks advertising a sheriff sale.  Their is a 6 month redemption after the sheriff sale, in most cases, their are situations where 1/3 of the principle balance is paid off or you have 10+ acres where the lenders would give 12 month redemption.  The choice is yours, if you feel it's in your best financial interest to save up a down payment from the foreclosure process and redemption period.  We won't advise either way. We would encourage meeting with an attorney, CPA, and/or financing planner. If you did decide to save up the money along the way,  What we will say is we have some nice new construction available for as little as 5-6% down payment. Our lenders are telling us that some buyers can finance a house in as little as 2 years after foreclosure.  Please keep in mind this is a short sale, and that's not the same as a foreclosure.


What are the next steps...
1. First you have to want to sell on a short sale, and help provide us with your info. After you submit this form, we'll email a lot of paperwork for you to review and sign.
2. We will need information about your loan and financial situation
3. Your information and signatures will be provided to our agent
4. The negotiator will submit your info and paperwork into your lender
5. The negotiator will work on negotiating with your lender
6. The property will get listed on the MLS for sale
7. We will try to find agents that have buyers
8. We should eventually get an offer from a buyer for less than what's owing
9. We would set up a closing date
10. We would close the property
Again, It will be important that you put an effort to get us your paperwork in a timely manner.


Borrower
First Name
Last Name
Home Phone
Cell Phone

Co-Borrower
First Name
Last Name
Home Phone
Cell Phone

1st Lender
Lender Name
Amount Owing
Monthly Payment
Payments Behind
Account#
2nd Lender
Lender Name
Amount Owing
Monthly Payment
Payments Behind
Account#

Market Value
Sheriff Sale Date
Bankruptcy
Had Bankruptcy When
Other Liens
Judgments
Past Due Water Bill
Past Due Taxes

             

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