Tips for buying a foreclosed property in Minnesota. Learn how to be prepared and avoid common pitfalls when buying a Minnesota Foreclosure
Continue reading about BUYING A FORECLOSED HOME IN MINNESOTA-WHAT SHOULD YOU KNOW?
City and county budgets rely on property tax dollars, which are tied directly to property values. When residents’ home values drop, the tax revenue drops as well.
Aside from the well publicized double digit drop in average home prices, the many vacant homes are causing many issues for cities like Minneapolis.
Continue reading about DEALING WITH VACANT MINNEAPOLIS HOMES
Many veterans and there families are not aware of the alternate options available if they are behind on there mortgage payments and facing foreclosure. The options are different. Learn more about them and how to avoid foreclosure.
Continue reading about Foreclosure alternatives for homeowners with a VA loan
Without a liquid source of cash, people are falling behind on their mortgage payments and receiving foreclosure notices from banks. Minnesota residents that are unable to bring their mortgage payments current do have a number of options –
My Minnesota home is in foreclosure. How long can I stay? What are … Equity on me:
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Tenants are usually the last ones to find fined out that the property they are renting is in foreclosure. Most landlords keep this information to themselves fearing that the tenants will stop paying rent or abuse the terms of the lease.
Continue reading about Renting a Foreclosure:Options and Advice
When most buyers think of a a home in foreclosure they assume that it’s abandoned and owned by a bank. In the real estate world a home “in foreclosure” is usually a short-sale.
Continue reading about Clarification: In Foreclosure VS. Lender Owned
People use the often use the terms “in foreclosure and “lender owned” interchangeably. However, there is a distinct difference between the two
Continue reading about What’s the Difference between “In Foreclosure” and “Lender Owned”
Bob:
The foreclosure process is not only stressful its complicated and misunderstood. Thanks for taking the time to explain.
A brief explanation of what a short sale is and how the process works ..
Continue reading about What is a short sale and how does the process work?
Mortgage Modification Agreement:
This is great information regarding a shortsale. It is a much better idea than foreclosing on a property. The shortsale down the street went from 250K for a duplex to 119K in 2 days. You can imagine that someone scooped it up in 2 days also. I love that you put examples in the article too because a lot of times there is a lot of information out there. Heather @ Mortgage Modification
Learn how much a foreclosure on your street can affect the value of your home and what you ca ndo to protect it. You can get a free market analysis of your property to determine it’s current value
Continue reading about Does a foreclosure on the block affect the value of my home?
Mortgage Modification Agreement:
It is so sad that are so many neighborhoods out there like this. In my subdivision alone there is a guy who owns 6 duplexes and is in foreclosure with 5 out of the 6. You can only imagine how angry all the neighbors are especially since he can't maintain them. He is a slime and hasn't taken care of his tenants which is unfortunate because they are good people. I think foreclosures do affect the neighborhood especially our moral and sense of community.
Saint Paul Real Estate:
Strong neighborhoods can hold their own even with a foreclosure on the block. Other, questionable or fringe areas will take a beating. Other places, where everything is in trouble will be decimated (like North Minneapolis).
MN Mortgage Rates:
Hi Jennifer, Bob brings up a good point about "questionable" loans. I wonder if there is any connection between different local government backed "subsidized mortgage" programs targeted for low income folks and what percent of these homes are in foreclosure and bringing down the value of people who got conventional financing and have made payments on time?
