foreclosure: Forbearance, foreclosure, short sales in a covid 19 world
- 10/01/20 08:42 AM
Forbearance, foreclosure, short sales in a COVID 19 world Real estate market data in Andover MN by Joel Friday of Keller Williams Classic Realty With a global pandemic underway, we are seeing more and more people who have lost their jobs. With job loss comes the uncertainty of how to pay your mortgage along with the rest of the monthly bills coming out. The federal government has allowed the banks to give you time to recover with a process called forbearance. So what exactly does this mean to you if you have used the forbearance process? Forbearance is not loan forgiveness nor is … (0 comments)
foreclosure: Joel Friday Earns NAR Short Sales and Foreclosure Certification
- 02/17/10 02:51 AM
Joel Friday Earns NAR Short Sales and Foreclosure Certification Buyers and Sellers Benefit from REALTOR® Expertise in Distressed Sales Coon Rapids, MN, 2/16/2010 — Joel Friday with DMR Realty, Inc. has earned the nationally recognized Short Sales and Foreclosure Resource certification. The National Association of REALTORS® offers the SFR certification to REALTORS® who want to help both buyers and sellers navigate these complicated transactions, as demand for professional expertise with distressed sales grows. According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and … (3 comments)
foreclosure: Parade of Homes
- 08/10/09 04:57 AM
Here in the Twin Cities they run a "Parade of Homes" each fall to showcase new homes and their builders. Recently I have noticed a new form of the Parade. A lof of the banks in our area are listings homes below market value and generating 10-20 offers within days of the home being on the market. So what happens is the home is listed for $59,000, even though the market might $80,000 on the home. Then you literally get tons of showings and multiple offers almost instantly. As an example there were 2 homes in Anoka, MN that were listed. … (0 comments)
foreclosure: Ice palace in Ramsey, MN
- 02/03/09 12:17 PM
I received a call last month from an assett manager in Dallas. He asked if I could check on a home in Ramsey, MN for him and of course I said yes. Asked if the utitlities were on he answered probably not and was stunned to find out it was -24* F here in the Twin Cities that day. He thought 50* F in Dallas was cold. The utility companies both said they were on but, a trip to the home quickly revealed the furnace was shut off. Apparently the last tenants had moved out in August so this wasn't a … (3 comments)
Forbearance, foreclosure, short sales in a COVID 19 world
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