foreclosures: St. Cloud MN Foreclosure case could have a further national impact - 01/18/11 05:05 AM
There is a foreclosure in Saint Cloud MN that has been going on for 3 years. It could now potentially have an impact on the entire country, just like the Massachusetts case that voided 2 foreclosures earlier this year.
On January 15, 2011 the Star Tribune printed a story called Tiny law project looking for big case ; the case of the Saint Cloud MN homeowners foreclosure battle. The homeowners assert the bank lacks the legal standing to foreclose, and their attorney alleges that the bank (US Bank) fabricated paperwork they could not find, in order to prove their position. US Bank … (5 comments)

foreclosures: HOW TO PEEL THE BIG ONION WITHOUT CRYING! Part 2 - 01/17/11 02:04 PM
HOW TO PEEL THE BIG ONION WITHOUT CRYING! Part 1
HOW TO PEEL THE BIG ONION WITHOUT CRYING! Part 2
The banking industry already has alot to answer for. They have re-keyed owner occupied properties before the sheriff's sale, they have made their own rules in selling REO assets, and now it seems they have shot themselves in the foot, again. The Banks have cut corners in the foreclosure process, which is different in each state, and in some cases they have taken property illegally (according to Plaintiffs Attorneys). Now these former homeowners are bringing suit to reclaim their homes. If … (10 comments)

foreclosures: HUD and Foreclosed deals you might have missed! - 06/14/10 05:06 AM
HUD and Foreclosed deals you might have missed!
There might be a super deal that you missed on the perfect home for you. I am finding with some pretty substantial regularity that there are features of both HUD and Bank owned homes that are being missed by the listing agent. I am not faulting them for this, they are buried under a huge list of house keeping chores from the sellers of these homes.
In the last 24 hours I just located another prime deal. This home is not yet in the MLS, but because I have started to tour all of the … (1 comments)

foreclosures: Approved Short Sale - St Cloud MN area real estate for sale - 1060 N Borgert Ave Saint Cloud - 05/19/10 06:18 AM
Approved Short Sale - St Cloud MN area real estate for sale - 1060 N Borgert Ave Saint Cloud
Approved for short sale! This is a screaming deal on a fantastic Centennial rambler in North St Cloud MN located at 1060 Borgert Avenue. The asking price was just reduced to $130,000 as per the bank and is now available to receive purchase agreements from qualified buyers. This home can close quickly.
Large rambler with privacy fenced backyard all located in a great neighborhood with approval on the short sale. This home sold last time for well over its current asking price of only $130,000. … (0 comments)

foreclosures: $1 homes from The Federal Housing Administration - 11/13/08 04:47 AM
The Federal Housing Administration (part of HUD) is now offering 1 dollar homes after FHA has been unable to sell them for 6 months. Here is a link to the listings:http://www.hud.gov/homes/index.cfm Here is the page for more info on the program:http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm
Local governments can partner with local nonprofit homeownership organizations or tap into existing local programs to resell the homes to low- and moderate-income residents of the community.
Steve Baklaich of RE/MAX Realty SourceSteve's cell - (320) 260-3290Office - (320) 258-5766steve_baklaich@yahoo.comhttp://www.stcloudareahomesforsale.com
… (0 comments)

foreclosures: Foreclosure help is here! - 04/17/08 12:58 PM
On April 1, 2008 Gov. Tim Pawlenty announced that there will now be expanded foreclosure prevention counseling due to a federal grant of 4.3 Million dollars. Another Grant of $500,000 for foreclosure prevention deferred loans was made by Marquette Financial Companies.
To read the announcement please check out: http://www.state.mn.us/portal/mn/jsp/content.do?id=-536882793&subchannel=null&sc2=null&sc3=null&contentid=536916039&contenttype=EDITORIAL&programid=536912010&agency=Commerce
 
Counseling has been stepped up by the Minnesota Homeownership Center, they are adding to the schedule so check out http://www.hocmn.org/HomeownersEvents.cfm for dates and times near you.
 
On April 14, 2008 our Governor announced additional measures to assist homeowners facing foreclosure you can read the entire announcement here: http://www.mnrealtor.com/publications/pdfs/ForeclosurePR.pdf
 
To … (0 comments)

foreclosures: Plan to change the current foreclosure situation - Please contribute ideas - 04/14/08 05:12 PM
Hi everyone,
We have been working on getting some attention to the foreclosure situation from the local government and lawmakers. Personally I am concerned about the possibility of the government stepping in and doing a bail out of sorts. I believe that if this happens that it will cost us all a lot more in the long run, there has to be a way to work within the current system and come up with a solution that will stop the current rate of foreclosed homes from increasing, increase buyer confidence in the market, stop the high rate of vacancies in certain areas, … (2 comments)