Category Archives: Community Issues

Foreclosure Process in Minnesota

The Minnesota Home Ownership Center has updated their Minnesota foreclosure process chart - all I can say is WOW!  Makes a complicated subject much easier to understand.  This chart discusses how the Minnesota process of "Foreclosure by Advertisement" works.  There is a different process called "Foreclosure by Action" but it isn't used frequently in Minnesota ...

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Foreclosures & Short Sales – What’s The Difference?

One of the biggest questions many of my buyers have is what a short sale or bank owned home means in terms of the house and the process? Below I've summarized some of the biggest differences, and have also made it into in a PDF one-page format if you'd like to print it.

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High Association Dues Affect Resale Value

I sometimes run into condos and townhomes that have higher than average fees - sometimes the developments have been poorly managed in the past and are trying to make up for past transgressions and other times they are simply not being prudent with their budget.  Not only do high association fees cost each homeowner more ...

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Are Home Prices In The Twin Cities Rising?

If you have ever talked to me in person or have read my blog, you know I'm a bit of a numbers nut.  Ok, I'm a big numbers nut.  I love hard data and analysis because it can tell you so much about what is really going on.Even though numbers themselves don't lie, if they ...

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2010 Foreclosure “Tidal Wave” Just Another High Tide?

For a year or so there have been stories of more foreclosures coming.  While I don't doubt the warning and we're starting to see a tick up in sheriff sales, I do think that given the speed that the banks are going that it will be 2011 before we see much of this expected surge of ...

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