Twin Cities Real Estate Blog

In the last 12 months I’ve had a few situations where my client’s offer on a foreclosure was rejected in favor of a cash offer.  In my office, I know of many others that have experienced the same thing.
With the data provided by RMLS that I used yesterday to comment about FHA transactions, I am also able [...]

Dear Owners & Listing Agents of vacant relocation properties, short sales and foreclosures:
Today I showed one house that was completely unshoveled and a 2nd that was partially shoveled but very icy.  In both cases I and my clients almost fell a couple times each.  This is not a good way to get people to buy your [...]

Star Tribune has an article discussing how many houses in foreclosure sit in limbo between the owner that is losing it and the bank that is repossessing it.  There are a few things in the story that aren’t quite right but the gist is good.  Worth a read.  The comments from readers are just sad [...]

The Huffington Post has a story discussing a new report by the National Consumer Law Center regarding how the compensation structure for servicers make it more financially advantageous to service the loan through foreclosure than to help prevent the foreclosure by doing a short sale or loan modification.  Sad but probably quite true.

NCLC Report on [...]

In the last few months we’ve seen a flurry of sales as first time buyers are trying to close on a home purchase before the $8000 tax credit expires on November 30th (maybe).
This has largely lead to the precipitous decline of available inventory on the under $190k and brought Months supply of homes in the [...]

A while back we released the 2nd Quarter Foreclosure (REO) & Short Sales Report, which not only debuted another revision to the methodology that decreased the counts of foreclosures and short sales significantly, but also showed positive trends in this market segment.  Good signs included:

New Lender Mediated listing activity has remained steady over the last [...]

On Tuesday, July 28th, CNBC Host Dennis Kneale talked with CNBC’s Michelle Caruso-Cabrera and her recent experience in the Home Affordable Refinance Program (HARP).  See the video below:

Dennis and Michelle got this story completely wrong.  This program is meant to allow homeowners who couldn’t refinance because of Loan-to-Value ratios, income, etc.  The only loans that [...]