The Minnesota Department of Commerce puts out a report of their "enforcement actions" against licensees in industries they regulate. The DOC regulates MN-chartered banks, debt collectors, notaries, insurance companies, mortgage companies, appraisers, and real estate agents/brokers.I find it interesting to see what people in the real estate field are caught doing ...
Housing News, Opinion, Statistics and Homes for Sale
Category Archives: Personal Experiences
Twin Cities Home Sales Have Best Week Since 2005
Today the Minneapolis Area Association of REALTORS released their weekly update of housing statistics for the Twin Cities and showed that for the week ending 4/24/2010, there were 1184 properties in the 13 county region that went to "Pending" status, meaning an offer has been accepted by the seller and the property is no longer ...
First Time Buyer Homes In Short Supply In Twin Cities
I have two buyers in the $125,000 - $150,ooo price range that are struggling to find houses when just a few months ago there was a lot more inventory to choose from. This weekend my clients wanted to see a total of 11 houses - I found out that 4 were already sold subject to ...
Foreclosures That Don't Close On Time
My two most recent closings where my buyers have bought bank owned (REO) homes have not closed on time due to delays from the seller.Today's closing is delayed while we wait for the seller to sign the HUD-1 Statement as they were arguing what closing costs they would or would not pay, even though we ...
In A Short Sale, Who Represents The Lender?
Twin Cities February closed sales showed that bank owned foreclosures were 35% of the month's closed units and short sales represented another 13% - making Lender-Mediated homes sales almost 50% of all residential home sales in the Minneapolis/St. Paul region.On a bank-owned home the Seller is of course the bank and therefore the Listing Agent represents ...
Aaron Dickinson
Edina Realty
1-800-941-0959
Licensed in MN
