Hey everyone, Kelly Cook here with the Cook & Associates Real Estate Advisors, your :k1: short sale specialists. You can find us online at www.KellyCookHomes.com. Now we specialize in helping homeowners across the entire :k1: area find alternatives to foreclosure through the means of a short sale. The topic we are specifically discussing here today is MNI Bank short sales. MNI Bank is a regional, smaller bank that was just acquired by BMO Harris which is the Bank of Montreal. So BMO Harris Bank is now MNI Bank. There are a lot of people who may still have MNI statements on their mortgage but the newer ones if it has transitioned already have the BMO Harris logo on it and the short sales still work the same way. We have worked a ton with MNI Bank, they can be very difficult and they are a large land lender. A lot of the laws under the Arizona state law don’t apply that protect normal consumers on a short sale; they do not apply for large lots that people buy.
We know how to negotiate with them, they have one office out in the Milwaukee area and they have one in the Arizona area as well. We have dealt with both offices depending on what type of loan and where it sits on their portfolio depends on which office we will be speaking with on your behalf. Please contact us today. Don’t hire someone that doesn’t really know how to deal with MNI because they are more of a tricky lender. They are reasonable but they also stick to their guns and they know their legal rights. Call us today at 480-442-9868 or you can email us at info@cookandassociatesaz.com. You can also check out or short sale calculator at www.MyHomeValueCalculator.com. See when your home will be an asset again and see when your home will actually break even again.