Foreclosure Rates Stay Steady, but Serious Delinquencies Decline(0)

We have not seen the bottom of this foreclosure market yet.  This is especially true in the winter season and an uncertain political climate.  While there is a bright note that the FHA has once again waived the Anti-Flipping rule to allow people to rehab homes and sell them quickly there are other gloomy stats.
CoreLogic’s [...]

Rental Inspections Challenged in Court(0)

The Minnesota Supreme court overturned a lower court ruling this week that could hurt the many cities that are now requiring rental inspections.  The case involves a Red Wing city ordinance that requires that all rental properties have on-site inspections performed by the city.  Any landlord that was unwilling to allow the inspection was issued [...]

Investment Property 101(0)

[ January 17, 2012; 6:30 pm to 8:00 pm. February 21, 2012; 6:30 pm to 8:00 pm. ] The Minnesota Real Estate Team strongly believes in the importance of offering informative buying and selling seminars for those interested in real estate here in the Twin Cities area. As a result of this belief, the team has consistently offered these free seminars over the past six years on a monthly basis.

Perhaps you are a [...]

Three Interesting Housing Articles(1)

I found these very interesting housing articles recently published.
BofA developing foreclosure rental programs to deal with distressed properties-BOA, Fannie and Freddie are trying to figure out how to move some of these non-performing mortgages or worse these REO properties that they own.  Banks have an estimated $50 billion worth of REOs on the books right [...]

Low Ball Offers on Foreclosures-Revisited(0)

I wrote a post about how to write a low ball offer on bank owned foreclosure properties in September 2010.  You can review that low ball REO post here.  I think that all of my original thoughts remain.  Surprisingly though, I get many questions about this process.  One example is that there are 74 comments [...]