Real estate blog entries tagged with refinancing a twin cities home by Venture Development Inc NMLS #373115

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Home : Blogs : Patti Mazzara NMLS #333279 : Twin Cities Mortgage And Real Estate News : Tag "refinancing a twin cities home"

refinancing a twin cities home: MN Appraisals-Low Valuations Common In Twin Cities Real Estate Market - 01/03/10 06:29 PM

Here is a link to a Yahoo article of low valuations: Low appraisals are common throughout the country and the Twin Cities real estate market.
http://finance.yahoo.com/news/Foreclosures-weigh-on-home-apf-850847141.html?x=0&sec=topStories&pos=5&asset=&ccode=
I can tell you from experience that the trend is not any different in Minnesota either. You will find many times that the only current sales are distressed sales. Unfortunately, sometimes these sales set the bar that needs to be used to determine what a home is currently worth. Lenders may even "adjust" the valuation if they think it is too high after they do an AVM (automated valuation model). So, a property appraisal doesn't necessarily … (0 comments)

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Patti Mazzara NMLS #333279

Edina, MN

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Venture Development Inc NMLS #373115

Address: 7300 France Ave S #410, Edina, MN, 55435

Office Phone: (952) 285-4319

Cell Phone: (612) 237-6277

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Learn about the Twin Cities real estate, minnesota real estate, minnesota home financing, minnesota mortgages, FHA, VA, Reverse Mortgages, Debt Consolidation, refinancing, first time buyer programs, interest only loans, Edina, Minneapolis and St Paul. Visit our mortgage site at http://www.ventureloanapp.com or http://www.edinamortgage.com Patti Mazzara NMLS #333279 Venture Development NMLS #373115

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