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Real Estate News and Views

Bank owned properties in Minneapolis

There is a shift in strategy in the bank owned property market in the Minneapolis home market.  In the last few years, part of the big housing problem was that banks were unwilling to work with home owners in trouble making their home payments.  The banks were also very stubborn in their process to sell [...]

Home buying opportunity?

Mortgage rates have dropped dramatically in the last week or so.  Currently with good credit scores we are seeing a 30 year conventional mortgage at approximately 5.25% give or take.  This is a very low rate based on historic levels.  The big question is why have rates dropped, and what will they do in the [...]

Foreclosure sales in Eden Prairie in October

Today I looked at the numbers of foreclosure sales in Eden Prairie, for the month of October.  As I did yesterday I compared these numbers with North Minneapolis homes, sold in October as well.

Foreclosures in Eden Prairie

How many homes in Eden Prairie are in foreclosure?  I wanted to dig up some statistics on foreclosures in Eden Prairie to give an idea of what is happening in the Eden Prairie real estate market compared to another city.  Information in the news is good for a broad generalization, but isn’t very accurate for [...]

Real estate and loans today

I had lunch today with a past client which is always enjoyable, and sometimes is very informative to me.   My friend asked me if it was true that you had to put twenty percent down to buy a house these days.  With all the turmoil in the finance world, the economy, and various markets it [...]

Copy of my Minnesota deed, beware!

One of my past clients recently contacted me about a letter they had received after they closed on their new home in Eagan.  The letter they received offered to them, that for only $60 dollars they could have a copy of their Minnesota property deed sent to them.
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