Category — Minnesota Foreclosures
Minnesota Luxury Home Foreclosures
Click this link to browse Minnesota luxury home foreclosures!
When we hear the word “foreclosure,” we may think of boarded up homes in bad neighborhoods, “no trespassing” signs, and perhaps some freeze damage thrown in for good effect. Also, we tend to think that Minneapolis foreclosures are all found in the 200k or less price range. While it is true that there are plenty of lender mediated properties in lower price [Read more →]
July 13, 2009 No Comments
FHA to Allow 8K Tax Credit as Down Payment
The first time home buyer tax credit is a welcome stimulus to the Minneapolis real estate market, but it is only a half-measure because it does not help home buyers who have no savings to come up with cash needed to close.
Shaun Donovan, secretary of HUD (U.S. Housing and Urban Development) has declared that FHA is going to permit its lenders to allow first time home buyers to use the $8,000 tax credit as a down payment. [Read more →]
July 13, 2009 No Comments
Minnesota Foreclosure Process
Here’s a video provided by the Minnesota Association of REALTORS® that offers a succinct explanation of the Minnesota foreclosure process. The video was intended for REALTORS,® but would also be helpful for buyers and home owners who have defaulted on their mortgages. [Read more →]
June 16, 2009 No Comments
