In the last seven years, an average of nearly 20,000 Minnesota homeowners per year have lost their houses to foreclosure. Many more are still behind on payments and facing tough decisions.
The real estate slump has been tough all over the country. Prices have dropped, foreclosures have mounted, and there's been plenty of pain to go around.
In today's challenging economy, it is more important than ever for someone buying or selling a house to properly structure the transaction. With so much downward pressure on prices in the depressed residential real estate market, buyers and sellers each need to protect their interests. At a minimum, this means negotiating for favorable terms and making sure that the transaction is structured properly.