foreclosure: Short Sale or Foreclosure for your Highland Park Home? - 07/05/11 06:57 AM
If you are facing the reality of a potential foreclosure on your home in Highland Park, St. Paul, MN, you’re probably considering the option of a short sale. It can be a very confusing process, and one that you shouldn’t attempt without experienced professionals helping you through it – both legal help and real estate help.
But is a short sale better for your credit in the long run than a foreclosure? There has been some confusing information put out in the past few months, but the bottom line is still the same: yes. A foreclosure is always the worst option … (0 comments)

foreclosure: What to Know Before Buying a Maplewood, MN Foreclosure - 06/21/11 10:23 AM
If you’re considering purchasing a foreclosure in Maplewood, MN, you should be prepared for the fact that the process will be very little like a standard home purchase. Even if you’ve purchased a house in the past, this article lists some differences that are helpful to know about buying a foreclosure.
First off, foreclosures have gotten a bad reputation as being the unkempt, run-down homes in the neighborhood. And this reputation is not entirely undeserved – many foreclosures are in less than ideal condition due to their owners leaving them and proper maintenance not being done. However, a large percentage of … (0 comments)

foreclosure: Buyers are Looking for Value in Center City Homes - 06/10/11 03:04 AM
Regardless of which source you read, the news for those selling homes in Center City, Minnesota is not encouraging. Overall prices are down, foreclosures for sale still compete with standard sales in drawing buyers, and there is no immediate market improvement on the horizon.
Savvy sellers must pay attention to the things that buyers in this market care most about. Jake Duffy shares some good insights here regarding what buyers are demanding in today’s market:
Compact but CoolThe depressed economy has changed the priorities of many buyers; for energy and maintenance reasons, far more are looking for smaller homes rather than … (0 comments)

foreclosure: Selling Your Chisago City, MN House in a Buyer’s Market - 06/08/11 04:16 AM
If you want to sell your house in Chisago City, MN, the real estate market news can feel dismal. It is definitely a buyer’s market right now, with nearly 30% of all homes for sale being foreclosures and the corresponding effect on all home values. But don’t despair – none of this means that your home can’t be sold! If your home is not in foreclosure, you have at least two distinct selling advantages over those that are:
Time A foreclosure or short sale can be a lengthy process, both for sellers and for buyers, taking months to complete. Your house … (1 comments)

foreclosure: Bank Owned Homes in Maple Grove - A Bigger Slice of the Pie - 05/31/11 03:27 AM
Looking for a home in Maple Grove? Chances are you've looked at numerous bank owned homes. Nationwide, bank owned homes made up 28% of all sales in the first quarter of 2011, which is up 1% from the last quarter of 2010, but down 1% from a year ago.
At the same time, the Minnesota Association of Realtors reported this month that total inventory of homes was down 24.4% statewide compared to last year at this time. The hope is that this trend will result in the stabilization of the market, and a rise in home prices overall. Sellers are collectively … (0 comments)

foreclosure: The Challenges of Buying a Foreclosure in Blaine, MN - 05/24/11 11:25 AM
Almost everyone who’s currently looking at homes for sale in Blaine, Minnesota has considered a foreclosure as a possibility. They’re numerous, the prices are tantalizing, and they indeed present buyers with a unique opportunity for home ownership.
But foreclosures also come with unique challenges that need to be carefully considered. In this article, the author points out the extra time (often quite a bit of extra time) involved in acquiring a foreclosure: After the bank accepted their offer, the Herberts were told the bank didn’t actually own the property and therefore couldn’t sell the house.
“We had sold our stock and … (0 comments)

 
Barb Goerss, Helping You With All 14 Moves You'll Make

Barb Goerss

Helping You With All 14 Moves You'll Make

Forest Lake, MN

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Address: 1398 Lake Street South, Suite 100, Forest Lake, MN, 55025

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