I have had a lot of people ask me about how to buy a home after a short sale using FHA financing but it’s becoming more and more common that people are considering buying a home after a short sale using financing insured by the Veteran’s Administration. These guidelines use to be murky but the [...]
Read moreSay Goodbye to the Lowest Mortgage Rates in History
The market is at a turning point for the worse due to growing worries about inflation. While it is not a problem right now (although the consumer price index did just rise the most in 10 months), there are several strong economic factors emerging that typically lead to higher prices to the consumer and thus [...]
Read moreUnderstanding Agency (Who Represents Whom in a Real Estate Transaction) it’s Important, Overlooked and Misunderstood
Would you hire your spouse’s Attorney in a divorce battle, or if someone brought a law suit against you would you hire the opposing side’s attorney, hell no! Then why do Home Buyers and Sellers hire Real Estate Firms without understanding the concept of “Agency?” (Who Represents Whom In Real Estate Transactions) Buying and Selling [...]
Read moreFriends Don’t Let Friends Use Zillow, Trulia and Yahoo Real Estate to Find Homes for Sale
If you live in MN and you want to use one of these sites to find your next home, you should know that approximately 20% of the homes for sale are not being shown to you. Because these sites are riddled with data inaccuracies, Edina Realty decided to pull their listings from these third party [...]
Read moreFirst Time Home Buyers, Now that You’ve Opened “The Box”
As a First Time Home Buyer it is like opening up a new IPad you just received from Santa. You are excited to open the box, fire it up, but once it is out of the box you don’t even know what you don’t know about your new IPad. The same generally apply’s to First [...]
Read moreThe Mortgage Process Put Simply
Understanding the mortgage process is a constant frustration for consumers. One can search the web and find all kinds of long articles breaking the mortgage loan process into anywhere between 6 and 9 individual steps. Upon reading these, a consumer gets even more confused since each individual step is confusing in and of itself. Unfortunately, [...]
Read moreWho Is Going To Write These Loans?
The mortgage industry has seen much blood shed in the last 2 years, particularly in the last year. After reading a very interesting magazine article, I began to think about the future…the eminent future and a big question arose, “Who the heck is going to write these loans”? What is the MN Mortgage Mom rambling [...]
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April 7, 2012




