Your Trusted Partner in Real Estate
Comprehensive Services for Home Buyers and Sellers
Your Trusted Partner in Real Estate
Comprehensive Services for Home Buyers and Sellers
Why Choose Twin Cities Real Estate Group
Experience
Personalized Service
Personalized Service
With over 27 years of experience in the real estate industry, our team at Twin Cities Real Estate Group has the knowledge and expertise to help you navigate the complex world of real estate. We are a group of full-service real estate and mortgage professionals that work as a team to make sure that each individuals strengths are utilized
With over 27 years of experience in the real estate industry, our team at Twin Cities Real Estate Group has the knowledge and expertise to help you navigate the complex world of real estate. We are a group of full-service real estate and mortgage professionals that work as a team to make sure that each individuals strengths are utilized to help our clients. Our team has specialists in all aspects of the real estate industry from: Residential, Commercial, Financing, Property Management, Staging, Foreclosures, Short Sales, Contract for Deed, Title Insurance and much more.
Personalized Service
Personalized Service
Personalized Service
At Twin Cities Real Estate Group, we believe in providing our clients with personalized attention and exceptional service. We take the time to understand your unique needs and work tirelessly to help you achieve your goals. As a full-service real estate company, Twin Cities Real Estate Group, Inc. is dedicated to providing clients with e
At Twin Cities Real Estate Group, we believe in providing our clients with personalized attention and exceptional service. We take the time to understand your unique needs and work tirelessly to help you achieve your goals. As a full-service real estate company, Twin Cities Real Estate Group, Inc. is dedicated to providing clients with excellence, professionalism, personal attention and the marketing tools necessary for a successful real estate experience. With our wide variety of services and affiliations we can take care of all your real estate needs, including financing, title insurance, home warranties, home inspections and much, much more.
Extensive Network
Personalized Service
Extensive Network
We have an extensive network of industry professionals, including lenders, inspectors, and contractors, to help you every step of the way. We work with the best in the business to ensure that you get the best possible service.
Contact Us
Andrew Marceau and Anthony Marceau
Andrew Marceau 612-559-0646 andrew@tcrealestate.com
Anthony Marceau 612-750-8771 anthony@tcrealestate.com
Office 952-278-7878 info@tcrealestate.com real estate realtor real estate agent
Message us on WhatsApp
Twin Cities Real Estate Group, Inc.
18279 Minnetonka Boulevard, Wayzata, Minnesota 55391, United States
Are you facing foreclosure?
Call us at 952-278-7878
I’m Behind on Payments—What Can I Do?
Contact the lender as soon as possible. Ask the lender what the options are. Don’t ignore the problem or messages from the lender, as late charges (and other fees) can pile up, compounding the problem. Be realistic about your financial situation. Since each person’s situation is different, there may be a range of solutions. For instance, some borrowers may fall behind temporarily due to a change in work status, health issues, or other short-term economic changes. Other borrowers may have long-term problems in their ability to pay a given mortgage, because they could not afford the loan in the first place, or are a victim of an adjustable rate mortgage (“ARM”) that has risen too high. If you are behind in your payments, consider the following tips:
- Find a reputable housing counselor. Contact Minnesota Housing or the U.S. Department of Housing and Urban Development (“HUD”) to find an approved counselor. A reputable counselor may be able to help you locate funding assistance or negotiate a solution with your lender.
- Request a loan modification. The lender may be willing to permanently modify the terms of the loan to make it more affordable for you. For instance, if you have an adjustable rate mortgage and your interest rate has risen too high, ask the lender to modify your loan into a fixed-rate one that you can afford. ARMs may begin with a low introductory “teaser” rate that a borrower is able to afford, but become unmanageable when the “teaser” period ends and the interest rate adjusts higher.
- Refinance with a new loan. You may be able to find another lender that will give you a loan with better terms (such as a fixed rate) that are more manageable. Before pursuing refinancing, however, review your current loan to determine whether it contains a prepayment penalty.
- Consider reinstatement. Under a reinstatement, you pay off the past-due amount and any fees in order to bring the mortgage current again. Reinstatement may be a good option if your default was caused by temporary financial fluctuations that you are able to fix.
- Ask for a forbearance. A forbearance may reduce or temporarily suspend your monthly payments until a set date, allowing you to get back on your feet and begin repaying the mortgage.
- Set up a repayment plan with the lender. Ask the lender to allow you to pay the past-due amount in partial payments along with each of your monthly payments, rather than all at once. This may be more manageable than having to pay back the past-due amount all at once.
- Ask the lender to waive fees or penalties. A lender may be willing to waive fees, penalties, or other charges if it believes in good faith that a resolution can be reached where you can begin making timely monthly payments and repay the past-due principal and interest.
- Explore selling the home. In some cases, selling the house may be the best option. If you have equity built up in the property, this may allow you to benefit financially, and perhaps afford another home.
- Inquire about a Deed-in-Lieu-of-Foreclosure. If you don’t have equity in your home and a modification won’t make your payments affordable, a Deed-in-Lieu-of-Foreclosure may be an option. In a Deed-in-Lieu, you give the home back to the lender without going through the foreclosure process. Ask your lender for more information. A Deed-in-Lieu may not have the same negative effect on your credit as a foreclosure, but may have tax implications. Consult with a tax professional if you believe that a Deed-in-Lieu may be beneficial to you.
