savage blog: Short Sales - They're Everywhere. What Does This Mean, Exactly?? - 02/15/09 11:18 AM
By Sara & Chad Huebener
Short sales - we are hearing more and more about them, as well as foreclosures.  What exactly is a short sale and how does this differ from foreclosure? 
A short sale is the sale of real property where the value of the property is less than the outstanding mortgage and other liens against the property.  The mortgagor (owner) must typically demonstrate financial hardship in order for the bank to accept a short sale, and often times, must have missed payments.  The bank, through its loss mitigation department, agrees to accept less than the outstanding loan balance, and the … (0 comments)

savage blog: Facts about the $7,500 First-Time Homebuyer Tax Credit - 02/03/09 08:11 AM
By Sara Huebener
The first-time home buyer tax credit is one of the most useful pieces of information we can share with buyers right now.  Even people not looking to buy their first home should know about the credit because the ability and ease in which buyers can make a purchase impacts home sellers in move-up brackets.  Here are some facts about the tax credit:
1.  The tax credit is available for first time buyers only, and the maximum amount of credit is $7,500.
2.  The credit is available for homes purchased on or after April 9, 2008 or before July … (2 comments)

 
Chad & Sara Huebener (Edina Realty)

Chad & Sara Huebener

Savage, MN

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Edina Realty

Office: (952) 212-3597

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