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Tag Archives: anoka short sales anoka foreclosure
What you NEED to know when selling your Minnesota duplex or four plex
Just like many homeowners, many investors bought at the top of the market and with the promise that “the value will keep going up and you can re-fi”. With the previously flat rental market, many of these rental purchase did not make good investments right from the beginning. If the buyer got a bad mortgage [...]
The Loss of Your Home and Stages of Grief
This article is meant for people who are in the process of losing their home through short sale, deed-in-lieu or foreclosure. For real estate professionals who are helping these people, I hope you will also find it useful understanding the emotional and psychological process of the loss your clients are experiencing. In most cases, the [...]
A Common Short Sale Mistake Being Made On Minnesota Short Sales
Minneapolis MN – I see a lot of agents making mistakes on short sales property valuation. Lenders hire a supposedly impartial third party to value the property. Many of these people are evaluating 10 properties a day. There is very little quality control and usually no one checks their work. Discover how other sellers successfully [...]
Minneapolis Short Sales: How To Get A Short Sale Lender To Waive Deficiency Clause
Minneapolis MN – The Stop Foreclosure Minneapolis MN – The Stop Foreclosure Institute recently received a question from John. Here is John’s Question. “I just received a full price offer on my house. My main concern is that I don’t get stuck having to pay off the deficiency. I have a first and 2nd with [...]
Minnesota Short Sales: What is a BPO?
Minneapolis MN – If you have been reading about short sales, then you have probably heard the term “BPO” and wondered what it meant. BPO stands for Broker’s Price Opinion. A Broker’s Price Opinion is when a licensed real estate agent gives their opinion of the value of a property. That value is what the [...]
Minneapolis Short Sales:Is this a reasonable offer from a buyer of a short sale property?
Minneapolis MN – Some buyers think that since it is a buyer’s market, then they can make any crazy demand of a seller. And they can’t understand when the seller isn’t excited by their lowball offer. Here is an example of a recent story where this happened. A buyer makes an offer on a short [...]
Minnesota Short Sales: What is a BPO and why does it matter on a short sale?
Minnesota Short Sales: What is a BPO and why does it matter on a short sale? Minneapolis MN – Some agents hate short sales. Why? Because they don’t understand them. So, don’t believe them when they tell you that short sales are impossible. I will explain what causes their problems in today’s post. There are [...]
Minnesota Short Sales: How to strong arm your lender on a short sale
Minneapolis MN – Here is a technique you can use to “strong arm” you’re your lender on your short sale. The number one reason people short sale is to salvage their credit. After all, a short sale has much less of an impact on your credit than a foreclosure. Despite all this, banks still make short [...]
Minnesota Short Sales: What is a HUD-1 and why does it matter on a short sale?
Minneapolis MN – Here is something that drives inexperienced short sale agents crazy. It is a HUD-1, also called a HUD. HUD is the Federal Agency, the Department of Housing & Urban Development, also called HUD. A HUD-1 is a document regulated by HUD. It is the financial accounting for a real estate sale. Here is [...]
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