short sale: Apple Valley Short sale advice and representation - 01/02/12 07:19 AM
 Apple Valley Short sale advice and representation
Has your home outgrown your income?
Do you owe more than your home’s value?
Would you like some help sorting out your options?
 
 
If you’re having financial problems, there are a number of home-related choices you can make that will help you get through these difficult times, and you will get through them.  Of course, no choice is without consequence, and each situation is unique.  That’s where the first choice should be to get the best possible advice.  That means good real estate advice from a real estate professional, good legal advice … (1 comments)

short sale: Dakota County Homeowners Facing Hard Times and Difficult Financial Decisions - 12/22/11 06:16 AM
Help for underwater homeowners
The housing market is a little like a disabled submarine, sinking first fast, then slowly as it finally hits the floor of the ocean.  It has bottomed, and like the housing market, it could lay there forever, or maybe it will be rescued and towed to the surface.  Maybe a few occupants were able to escape as the submarine was sinking.
Underwater homeowners have a relationship to the housing market not unlike that disabled submarine.  Maybe the market has bottomed, and maybe it will recover and propel you back to the surface.  It's a real longshot … (3 comments)

short sale: BOA's new short sale addendum - 05/07/11 04:46 AM
A couple weeks ago, I wrote about an alert sent to me by Nash Law Firm in which a required addendum from Wells Fargo creates a fiduciary duty of both listing and selling agents to the bank.  Yesterday I received an update that indicates Wells is backing off from their position, sort of.  Read the update here:  UPDATE ON WELLS FARGO
It seems that Wells claims the required short sale addendum is no longer being used.  According to Nash, however, the Wells staff has not yet gotten the message.  Bank of America has a similar addendum, and they have not indicated … (0 comments)

short sale: Wells Fargo Short Sale Addendum Raises Serious Issues - 04/21/11 12:57 PM
Nash Law Firm, PLLC sends me a newsletter periodically with some really informative stuff.  This month's letter includes information on Wells Fargo's new short sale addendum, which Wells wants both seller's broker and buyer's broker to sign.  Stephen Nash points out numerous issues with this document and cautions that it has some significant problems.
This is an interesting read, the most immediately troubling of it being the establishment of a fiduciary relationship between both brokers and the servicer.  The document that Wells wants brokers to sign includes the statement that they have a fiduciary duty to Wells Fargo to present the … (5 comments)

short sale: STRESS TEST FOR FAILED WEST SAINT PAUL HOME LISTINGS - 01/23/10 08:41 AM
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.
 
 Just about everybody knows that there are a lot more homes for sale in West Saint Paul than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. … (0 comments)

short sale: STRESS TEST FOR FAILED INVER GROVE HEIGHTS HOME LISTINGS - 01/23/10 08:26 AM
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.
 
 Just about everybody knows that there are a lot more homes for sale in Inver Grove Heights than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. … (0 comments)

short sale: STRESS TEST FOR FAILED EAGAN HOME LISTINGS - 01/23/10 08:21 AM
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.
 
Just about everybody knows that there are a lot more homes for sale in Eagan than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. If you … (0 comments)

short sale: STRESS TEST FOR FAILED BURNSVILLE HOME LISTINGS - 01/23/10 08:19 AM
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.
 
 Just about everybody knows that there are a lot more homes for sale in Burnsville than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. If you … (0 comments)

short sale: STRESS TEST FOR FAILED ROSEMOUNT HOME LISTINGS - 01/23/10 08:15 AM
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.
 
 Just about everybody knows that there are a lot more homes for sale in Rosemount than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. If you … (0 comments)

short sale: STRESS TEST FOR FAILED APPLE VALLEY HOME LISTINGS - 01/23/10 08:08 AM
 
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.
 
 Just about everybody knows that there are a lot more homes for sale in Apple Valley than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. … (0 comments)

short sale: Should banks consider "Move-up" short sales? - 01/19/10 07:56 AM
Your house is too small and you can’t afford to sell because its value has dropped too low. The down market is just a temporary condition and will improve in a generation or so. Your family’s needs for space are also temporary and will be gone when the kids grow up.
There are way too many people giving up on home ownership because they’re running out of space. Many of the first time buyer couples of 2004 -2006 who bought townhouses as their entry level homes are now families with one, two, maybe three children. Their home is too small … (4 comments)

short sale: Short Sale Listings -- Who's watching the store? - 01/10/10 07:27 AM
With foreclosures, the lender usually orders winterizing and requires a periodic inspection of the property.  When a home is listed as a short sale, sometimes nobody is checking. I showed a client a few homes yesterday, and there were a couple surprises.  We toured four homes and two happened to be short sales.  
We walked through a town house that was not winterized and the heat was off, probably a gas company disconnect.  The temperature registered on the thermostat was 32 degrees.  Water faucets would not budge, likely all frozen.  I think the marketability of this home may have dropped a bit because … (6 comments)

 
Mike Carlier, More opinions than you want to hear about. Rainmaker large

Mike Carlier

More opinions than you want to hear about.

Lakeville, MN

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