Short Sale Tips for Buyers

By Robin Husney If you are in the market to purchase a home, you may want to consider buying a short sale. If you are not under any pressure to sell your current home, don’t have a time frame to move into another home and have good credit, you are the perfect homebuyer for short sales. When a homeowner owes more money than their home is worth and needs to sell their home before... [Read more]

Selling Your Home Quickly in Today’s Real Estate Climate

By Adrian Hargray Selling a home quickly in today’s economy has proven to be a tough thing to do. Nowadays you find homes on the real estate market for longer than 30 days and it can literally take months for it to sell. If this is the scenario for you and your home, then you will learn some home selling tips in this article that will prove to be beneficial to you. To sell your... [Read more]

Check Out Energy Rebates

EnergyStar.gov –  Check Out Energy Rebates This is a government site that offers lots of energy saving tips as well as explains what energy saving grants or credits might be available.   Powered By WP Footer Read More →

Foreclosure Trends Newsletter

Here is the latest issue of my foreclosure trends newsletter.  As you can see, the trend is not our friend, in the sense that the housing market has not recovered.  Until jobs come back and people are employed and feel safe in their employment, they will tend to avoid making a committment. ForeclosureTrends.pdf   Powered By WP Footer Read More →

Twin Cities Foreclosure Trends-From our MLS & Realty Trac

Besides the board of realtor sites:  http://theThing.mplsrealtor.com and market data posted elsewhere at http://www.MplsRealtor.com I have a subscription to Realty Trac.  My subscription gives me additional data about foreclosures and trends within certain zip codes.  This is in addition to my daily subscription to Finance & Commerce (a business newspaper that prints all the... [Read more]

Real Estate Information

These are a couple of my newsletters that have a ton of valuable information. Go check them out. Foreclosure Market Trends Newsletter http://www.realtytrac.com/MarketTrends/NewsLetter.aspx?guid=131bd355-1b69-4bd1-99cd-2f0c9a936810 Real Estate Cyber Space Tips http://www.REcyber.com/cybertips/r11627   Powered By WP Footer Read More →

Anyone Can Do a Short Sale

By Anthony Teagardin Yes, it’s true, anyone really CAN do a short sale. But, the real question for any REALTOR considering taking on this challenge is “Why would you want to?” As a Realtor, surely by now you’ve become aware of the awesome potential of pre-foreclosure short sales in the current real estate market. With newspaper articles, internet blogs, and even such heavy-hitters... [Read more]

Understanding HAFA-What Is It & How It Works

This explains what the HAFA is and how it might work for you. This might work for people that are in distress and would like to try and avoid a foreclosure. Here is a link for additional information http://www.CDPE.com/hafa I work with homeowners who need help at this difficult time-let me know what I can do for you.   Powered By WP Footer Read More →

Outstanding Video-An Inspiration To All-Be The Best You Can Be!

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Twin Cities Home buyer book

Thinking about buying a home but don’t know where to start? Why not start by reading the home buyer hand book that we have provided below. It is a great place to start to get the information you need. When you’re ready, we would love to help you find and finance a new home. MN Home buyers handbook View more documents from John Mazzara.   Powered By WP Footer Read More →

The Short Sale Process For A Seller

This ppt. will explain the basics involved in a short sale. Today, lenders are starting to put in place systems that will make the short sale process work smoother. This presentation covers what is generally involved. The short sale View more presentations from John Mazzara.   Powered By WP Footer Read More →

Grant Available In MN For Foreclosed Homeowners

I’ve just learned of a grant of up to $3500 that is available for people who have lost their home to a foreclosure and need some cash to help with the transition of moving on. This is only available to metro area residents in the Twin Cities. The Target Foundation put up most of the funds and all monies are available on a first come-first served basis and is for relocation... [Read more]

http://www.ShortSaleSecrets.org

Would you like more reports and the ability to take a quick survey to see which program you MIGHT be eligible for? Visit the site above and get some more information. The price is right-free. Get all the information you can so you can make the right decision for yourself and your family   Powered By WP Footer Read More →

HAFA Is Here & NOW- Additional Assistance On Getting Short Sales Completed

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FHA ALLOWS Short Sale

Many people mistakenly think short sales can’t or won’t be done on FHA insured loans.  THIS IS NOT TRUE Here is the link to the HUD pdf which outlines their current program guidelines:  http://www.hud.gov/offices/hsg/sfh/nsc/rep/pfsfact.pdf If you are in Minnesota and your home is within the 7 county metro area around the Twin Cities, we can help you list your home and... [Read more]

How A FEW Are Profiting HUGELY From A Government Sweetheart Deal

If you haven’t been getting much success with a modification and wonder why-maybe this video will help explain things.  As an agent who works really hard to keep people in their homes FIRST, I found this very upsetting.  I can tell you many many people who would have stayed in their homes, albeit at a reduced payment if they had some payment relief.  Instead, lenders foreclosed... [Read more]

What Happens When They Come For YOU

While this posts title is just a play on the TV show COPS, it is possible that if you sell a home short or have a foreclosure that results in a loss, that the lender could pursue a deficiency judgement.  In MN, they are doing this more often.  The LAST thing I am giving anyone is tax or legal advice.  Just be aware of the fact in MN, lenders can choose how they foreclosure.  A... [Read more]

Items Necessary to Submit a Short Sale Package

Just because you owe more than your home is worth does not mean that you will be eligible to do a short sale.  The key is being able to show that you qualify based on a acceptable hardship.  The lender needs you to explain your situation in a hardship letter.  With that, there are items they will need.  These items include the following:  A financial statement showing what your... [Read more]

I recently read an article about the banks pursuing judgements after a short sale or foreclosure. The Minnesota home ownership center is FANTASTIC. They have lots of great information. Here is the link to their article: Minnesota Home Ownership Center: Sued – After A Foreclosure

I recently read an article about the banks pursuing judgements after a short sale or foreclosure. The Minnesota home ownership center is FANTASTIC. They have lots of great information. Here is the link to their article: Minnesota Home Ownership Center: Sued – After A Foreclosure   Powered By WP Footer Read More →

Open Source Documents-Unbelievable Resources-Find YOUR topic of Interest

If you’ve never visited http://www.Archive.org, you are missing a wonderful site.  From this site, you will find many resources that are out of copyright and you can download and use them as you wish.  You will find all the classics and some fun things as well.  Just for fun, I have the download of a book called “Little Gardens” which is a book about setting up... [Read more]

FHA Loss Mitigation Options For Those With FHA Loans

Here is the latest FHA Mortgagee letter that explains what options are available for people in default with their FHA mortgage. There are options, you need to explore them if you are in danger of losing your home. FHA Loss Mitigation   Powered By WP Footer Read More →

Sell Your Home Faster-Learn The Home Selling Secrets Of Successful Sellers

Here is a special report that outlines over 450 ideas on how to sell your home faster.  This report is just one of the many home buyer, home seller, and investor reports that I can make available to you.  Read this report and call me to arrange a time to see how I can help.  Download Now   Powered By WP Footer Read More →

Homeowners Assistance Program-Department Of Defense

http://hap.usace.army.mil/ Look at this-From the website: The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial... [Read more]

Real Estate Investing-Everything You Need To Know!

I came across this e-book and I wanted to share it with you.  I thought the information was useful, the rolodex link in the back of the book with investor resources was incredible.  I think you will enjoy it-it is a pretty light read.  If you get all fired up and want to start looking for property, just give me a call.   Powered By WP Footer Read More →

Making Home Affordable

Recently the government published an update to what had come out earlier in the year.  This new report shows what is being done to help homeowners sell their home or make an arrangement with their lender.  Download the report at this link.  This should make the process of coming up with a solution that much easier, now that they have defined the guidelines better. http://www.treas.gov/press/releases/docs/05142009FactSheet-MakingHomesAffordable.pdf  ... [Read more]

Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure

This is FANTASTIC NEWS!!!  FINALLY, they are establishing minimum requirements on resolving the short sale procedural process.  Here is the link to the government news release: https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf Short Sales have been difficult to close, and these new measures are a huge step in the right direction. One major highlight: A lender must give... [Read more]

RECENT News Release: Legal Service Plans Can Benefit Homeowners Facing Foreclosure

Pre-paid legal recently had a news release that explains how their service may benefit homeowners who are in distress and facing a foreclosure. We sell the PPD Pre-Paid Legal service plan at our website https://www.prepaidlegal.com/Multisite/Multisite?site=hub&assoc=mazzara You probably want to look at the family plans unless you are a small business. You can visit the site, watch... [Read more]

Extension And Expansion Of Home Buyer Credit-4/30/2010

A Big WOW!!  The credit has been expanded to include homeowners who have owned their home for the past 5 years. No longer do you need to be a first time buyer.  The dollar limit is $8000 for first time buyers and $6500 for move up buyers.  This GREAT news.  Combine this with 50 year lows in interest rates, and you’d be crazy not to consider making a move.  If you feel secure... [Read more]

Why Foreclosure Is Often Preferred By The Loan Servicer Instead Of Offering A Loan Modification

Have you ever wondered why a foreclosure occurs when a better solution might have been a modification?  Would you like to read the facts and figures and see how mortgages are bundled, sold and serviced?  You will soon see it is isn’t pretty, we are in the midst of a crisis, and it is likely to get worse before it gets better.  That being said, you can probably guess why-it’s... [Read more]

Home Buyer Tax Credit Information Update

It’s now official!! The tax credit has been extended and expanded. YOU NEED TO HURRY! You now have until the end of April 2010. The following summary of the credit is provided by the National Association Of Realtors. The following two documents cover the changes in the new law. Now get out there and buy a home!! NAR FAQ: Homebuyer Tax Credit Changes NAR Issue Brief: Homebuyer... [Read more]

Minnesota Real Estate Newsletter Gives Access To Great Computer & Life Tips

I maintain a number of real estate sites, blogs, and newsletters. One newsletter that provides a number of computer tips to help you function better with a computer is http://www.REcyber.com/cybertips/r11627 The site is full of cyber space tricks and great places to visit. We have link to this site on the list of MN Real Estate links, but I wanted to highlight this particular newsletter... [Read more]

Buy A Minnesota Investment Property With Confidence

RE/MAX has put together a “how to guide” on how to buy investment property. Since knowledge is power, get the guide and brush up. It’s your money-get the information you need to become a successful Minnesota investment property investor.   Powered By WP Footer Read More →

What Would You Do If You Can’t Make Your House Payment?

This question confronts millions of people-daily. Unfortunately, people often don’t know what to do, so they do nothing, until it’s too late to consider anything other than foreclosure. When is the last time you did nothing and had your problem solved miraculously by itself? It just doesn’t happen. YOU must take action. Foreclosure MIGHT be the only option. ... [Read more]

National Mortgage Default Statistics

This information takes us through Q2.  What it doesn’t show is the number of option arms and other “prime” type mortgag arms that are re-setting over the next years.  It starts the fall of 09 and increases through 2011.  The next shoe to drop will be in larger homes with “prime” loans.  The solution to the problem is steady employment and job creation. See... [Read more]

Minnesota Short Sale Seller’s Guide

Do you owe more than your home is worth?   Do you need to sell your home but can’t bring the cash difference to a closing.  If you have a hardship, you may qualify for a  short sale.  Learn what happens during a short sale and see if you are a candidate.   Powered By WP Footer Read More →

Minnesota Foreclosure Data

Here is a report on foreclosures throughout the state of MN.  This is a great report that shows foreclosure data in each of the respective counties. Click below.   Powered By WP Footer Read More →

Learn the different impact between a short sale vs foreclosure

Sometimes, a short sale will be viewed more favorably during underwriting a new loan. A foreclosure will generally have a longer lasting negative affect. This short report give you some things to think about. Of course, things are always subject to change.   Powered By WP Footer Read More →

Minnesota Short Sale Buyer’s Guide

Are you considering buying a property that is being marketed as a short sale?  If so, why not get this guide today.  It it free and useful.  Once you understand the process, you will know what to expect.  One of the biggest problems I see in the marketplace is people not willing to get the knowledge upfront and then expecting a different outcome.  Don’t let a short sale... [Read more]

Find out if your home has a Freddie Mac or Fannie Mae Loan

Fannie Mae Lookup http://www.loanlookup.fanniemae.com/loanlookup Freddie Mac Loan Lookup https://www.ww3.freddiemac.com/corporate   Powered By WP Footer Read More →

National Foreclosure & Homeowner Resources

The Home Affordable Refinance Program http://www.MakingHomeAffordable.gov HOPE Now http://www.HopeNow.com   Powered By WP Footer Read More →

Minnesota Homeowners In Foreclosure

One of the best places to get more information is at http://www.Hocmn.org Please visit their site and download their informational PDF’s explaining the foreclosure procedure in Minnesota.   Powered By WP Footer Read More →

Bad Credit Mortgage Options

Today you will find that many people are dealing with bad credit. It has been so easy to get credit in past years, and it’s easy to get in over your head. With the current financial crisis, there are many people finding themselves having severe problems. If you need to purchase a home and you have bad credit, then you may be wondering how you can purchase a home. Well, there... [Read more]

Loan Modifications – What are They?

For those that are facing huge payments on their mortgages or even those that are possibly facing foreclosure, often a good loan modification can save the day. Many people today are crying out to the government “Lower my payment” or “reduce my loan principal.” The government is hearing this over and over again. Well, there are more and more programs available... [Read more]

The Short Sale As An Option To Avoid Foreclosure

With the housing market in the worst slump that it has seen in years, and fewer and fewer buyers out there, you may find that you are in a position where you are unable to make your payments.  With foreclosure looming large, and so many people who have already fallen prey to it, it is easy to feel as though you have no options available to you, but the truth is just the opposite. ... [Read more]

Looking at Short Sales and Understanding Your Options

With the economy in the shape that it is in and with foreclosures happening left and right, you need to be in a position where you know what is going on with your finances and what it might be doing to your ability to pay your mortgage.  A foreclosure is very close to being a homeowner’s worst nightmare, but even when losing your house is inevitable, you will find that there... [Read more]

What Is A Loan Forbearance?

Debt is a scary thing to work with, and many people find that when they are facing that they might freeze up. They think about how it might affect them, and any co-signers on the loan that they have taken out and before they know it, things can snowball out of hand. The important thing to do is to not allow it to build up and build up until drastic action is taken. Before the situation... [Read more]