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 ...
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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 ...
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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 ...
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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 ...
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