Twin Cities Real Estate Blog

The always excellent Calculated Risk goes into the simple reasons why 2nd mortgage holders are unlikely to embrace HAFA.
When a 2nd mortgage holder can only recover 3% of the loan or $3000, whichever is LESS, and they have to release the seller from all future liability, I can see why they will not be quick to [...]

Last week was a notable week for those data buffs among us – HousingLink released their 2009 Foreclosure Report and the Mortgage Bankers Association released their quarterly delinquency survey.
As Chris Snowbeck from the Pioneer Press notes in a recent article, the HousingLink data is good news but can’t be considered a sign that the foreclosure [...]

It’s that time again, the annual Residential Real Estate Activity Report for 2009 has just been released!  There’s good information in there but the key infoporn graphic for me is the share of sales in 2009 that were lender-mediated:

If you need to get an even more detailed image than what you can get by clicking [...]

Doing It Again In 2010
What does 2010 hold in store for buyers, sellers and Realtors?  I predict that it will be much the same as what we saw in 2009 here in the Twin Cities:

Foreclosures will continue to come on the market and many will be scooped up quickly with multiple offers.
The “next wave” of [...]