White Bear Lake, Hugo, Forest Lake Area Real Estate Blog

Many homeowners that are in Pre-Foreclosure have no idea what the difference is between a foreclosure and short sale and how they will effect their FICO score. The initial credit hit of a foreclosure and a shortsale are virtually the same.  Mortgage experts tell us that there will be up to a 300 ...

Did you know Realtors have lives outside the Real Estate Market? I thought I would take a moment to make a few comments regarding one of the current events in the Stillwater area last night.  I hope you all don't mind. There were over 50 members of the Minnesota Patriot Guard Riders that showed ...

What you should know if your landlord lets the property your renting go into foreclosure. A foreclosure does not change your lease terms.  You must continue to follow the terms of your lease.  You must keep paying rent unless you have a legal reason to withhold it and you should have an attorney ...

If your decision is to market your property when your in foreclosure, then choosing the right Real Estate Professional to assist you is very important.  The average Realtor does not have the experience in foreclosure properties and that could make matters worse.  There is a lot of work involved i...

Sometimes because of the condition of the property, property values declining (like todays market), or lenders giving 125% equity loans, the homeowner will owe more than the property will sell for in the current market.  This situation usually occurs when there is more than one mortgage on the pr...

Hello again everyone,  Today I will cover what needs to be done when selling a home in foreclosure.   When listing and marketing homes in foreclosure there are specific time limits in getting the property sold and closed before the end of the redemption period.  The homeowner needs to understand ...

Good morning everyone and thank you for takikng the time to visit our blog.  Today I will go over part 2 of our foreclosure handbook that covers what a homeowners options are during a foreclosure.  If you should have any questions don't hesitate to call us at 651-407-7803.   What are the option f...

Mortgage foreclosure is a complex process.  Some people may approach you about "Saving" you home.  You should be careful of such promises. The state encourages you to become informed about your options in foreclosure before entering into an agreement with anyone in connection with the foreclosure...

For those of you that are having trouble paying your mortgage this information is for you.  This is the Minnesota Foreclosure Process and what you can expect.  This article is taken from our handbook "What you need to know about foreclosures", we distribute this handbook to all our clients that a...

Have you been hearing a lot about this new $7,500 tax credit for first-time home buyers, which is part of the newly passed 2008 American Housing Rescue and Foreclosure Act? Is it as great as it sounds? A new website has been put up with more information about this tax credit. Curiously, the fact ...