Minnesota Foreclosure | Minnesota Foreclosures

An Exchange Means More to Reinvest

Section 1031 exchange for rental and investment real estate is a tool that allows investors to move the gain from one property to another without immediate income tax consequences. An instant benefit is to postpone the tax due which gives the investor a larger amount of proceeds to invest. In the example shown, the investor has 21% more proceeds to invest and grow over time than if he had paid the... [Read more]


Is the Window Closing?

With interest rates lower than they’ve been in over 40 years, it may be difficult to think of a “window of opportunity” closing. However, it isn’t difficult to understand that it may very probably cost more to live in a home in the near future due to rising interest rates and prices. Zillow recently reported results from a nationwide study that home values are expected to appreciate by 4.5%... [Read more]


Looking for the Largest Deduction

IRS allows taxpayers the option to take the standard deduction or the itemized deduction. The astute taxpayer will compare to see which one will result in the greatest deduction and the election can be made each year. The 2013 standard deduction for a married couple filing jointly is $12,200 and $6,100 for a single taxpayer. It doesn’t require any proof of actual expense and has no requirement... [Read more]


What’s the Point?

Prepaid interest, sometimes called “points”, is generally tax deductible when a person pays them in connection with buying, building or improving their principal residence. When points are paid on a refinance, they are not a current deduction but have to be taken prorata over the life of the mortgage. For instance, if $3,000 in points were paid on refinancing a 30 year mortgage, a deduction of... [Read more]


Edina Minnesota Real Estate

Here is a fun video about real estate. I hope you enjoy it. Contact me if I can help you. Powered By WP Footer Read More →


How’s Your IQ on the QM?

The Qualified Mortgage Rule came into effect on January 14, 2014 as one of the results to the Dodd Frank Reform Act to protect consumers from predatory lending practices. This will affect the underwriting standards that the majority of lenders will use to qualify borrowers. The ability to repay rule states that financial information must be supplied by the borrower and verified by the lender. The... [Read more]


Twin Cities Real Estate and Minnesota Related Presentations

These are some presentations I have put together. Hope you enjoy them. Please call me with any questions or if I can be of assistance. Powered By WP Footer Read More →


Every Homeowner Needs One

A water meter key is like insurance; buy it before you need it. Imagine a pipe has burst and there is water flowing like a river through your home. There may a cut-off valve to each sink if it works and if that’s where the leak is coming from. Your home may have a master cut-off valve but if you haven’t used it before, you might not know where it is. The last resort is to cut off all the water... [Read more]


Twin Cities Luxury Home Marketing

Do you have a luxury home and are looking for some enhance marketing to get your home sold? Let’s meet and discuss how I can be of service. Powered By WP Footer Read More →


Edina Minnesota Real Estate

Watch my latest TV show as I discuss the local Minneapolis St Paul real estate marketplace. Powered By WP Footer Read More →


Reasonable Expectations

Coffee should be hot. Beer should be cold. Mexican food should be spicy. However, if these things are less than the standard that you expect, there are not any lasting consequences. As the value of the object in question rises, either in price or gravity, the expectations usually increase and decisions become progressively more important. Marriage, children, health and careers are certainly a few... [Read more]


Making Room in Your Rooms

The more things you have, the more you have to take care of. And in this case, the more that you have to store that gets in the way of finding the things that you actually use. Periodically, you need to go through every closet, drawer, cabinet and storage area to get rid of the things that are just taking up space in your home and your life. Every item requires the decision to retain or remove. ... [Read more]


Rate/Payment Relationship

A ½% increase in interest rate may not sound like much but it is roughly equivalent to a 5% increase in price. It becomes obvious when you compare the payments. If you financed 100% of the cost of a $250,000 home at 4.5% interest for 30 years, the payment would be $1,266.71 per month. If the mortgage rate went up to 5%, the payment would be $1,342.05. If the home increased 5% in value, the $262,250... [Read more]


Rent or Buy – the cost is going up-Don’t Wait!

Whether you continue to rent or decide to buy a home, according to recent Zillow 2014 housing projections, the cost is going up. Zillow projects home prices to increase nationally by 3%, mortgages to rise to %5 interest rate by the end of the year and rents to go up by 2.5% on average. If it will cost a person more whether they rent or buy, the conclusion can be made that one way or the other, they... [Read more]


Find a Better Return-Look to rental property-call me for a PDF copy of my book

A certificate of deposit will generate a cash flow based on the interest rate that it pays which is the only way it generates a return for the investor. An investment in a stock that doesn’t pay dividends, would need to be worth more than you paid for it to earn a profit. On the other hand, a stock that paid dividends could make the investor a profit even if it sold for the same price that he paid... [Read more]


Home Warranty-learn more about it!

I recently sat down with a home warranty vendor. Take a look at this video and think about if it might be of benefit to you-either a buyer or seller. Powered By WP Footer Read More →


Where are you spending your money? Saving Tips

You’ll need to earn $2.00 for every $1.00 you want to spend assuming you pay 50% of your earnings on income tax, social security and Medicare. On the other hand, you get to keep 100% of every dollar you save on your personal expenses because the taxes have already been paid. Periodically, review your expenditures with the diligence of an exuberant IRS agent on commission. It’s an exercise that... [Read more]


Interviewing a Mover

“I’d wish I’d know that before I made a decision.” If you’ve ever regrettably said this to yourself, having a checklist might have prevented the issue in the first place. This list of questions can provide you with things to discuss when interviewing a moving company. Fees • What is the charge for packing? • Does it include boxes? If not, what do they cost and will you deliver them? •... [Read more]


What Can You Expect?

The two most frequently quoted constants in life are death and taxes. Two more things would-be homeowners can expect in the near future are increases in mortgage rates and housing prices. Interest rates have been kept artificially low for several years by the Federal Reserve in an effort to strengthen the economy. Policy is shifting to allow them to seek their own natural level and that will surely... [Read more]


What Kind of Showing Was It?

One of the most frequent calls from homeowners to their agents is about the listing’s inactivity due to the lack of showings. The homeowner commonly believes that the home is shown only when a buyer walks through the house with an agent. Today’s buyers are more sophisticated than in the past due to the abundance of information available to the public on the Internet. There are seemingly inexhaustible... [Read more]


Can You See the Savings?

If you’ve considered changing your light bulbs to energy-saving LED bulbs but decided not to make the investment because the prices were too high, you might want to investigate again. The prices have come down considerably. An initial investment now will generate immediate returns through energy costs and because they last longer, you won’t need to replace them for years. The life of LED bulbs... [Read more]


Thanksgiving is Always in Season

Most school children would probably say that Thanksgiving dates back to the Pilgrims at Plymouth as early as 1621. By the late 1660’s, it had become traditional to hold a harvest festival in New England. President George Washington declared the first nation-wide thanksgiving in 1789 “as a day of public thanksgiving and prayer to be observed by acknowledging with grateful hearts the many and signal... [Read more]


Using my new green CFL light bulbs

Tonight I replaced old light bulbs with new CFL bulbs. Was I surprised at the better white light the bulb generated. In fact, the fixture requires 4 bulbs. Two were new and two were old. Boy what a difference. I also had my home energy tested this past year and I’ve started making the recommended changes as well. Are you a “green” buyer or seller? Consider some of the points mentioned in the... [Read more]


Refinance to Remove a Person

Most people are familiar with the various reasons a homeowner refinances their home which generally result in two major benefits: saving interest and building equity. There is however another reason to refinance which may not be as common which is to remove a person from the loan. In the case of a divorce, when one party wants to keep the home and the other party wants their equity out of the home,... [Read more]


Who’s Paying Your Mortgage?

As a homeowner, you obviously pay for your mortgage but as an investor, your tenant does. Equity build-up is a significant benefit of mortgaged rental property. As the investor, collects rent and pays expenses, the principal amount of the loan is reduced which increases the equity in the property. Over time, the tenant pays for the property to the benefit of the investor. Equity build-up occurs... [Read more]


All Dollars Not Equal

The division of assets between the spouses is an important decision to finalize a divorce. The exercise looks relatively simple: assign a value for each of the assets and divide them based on a mutual agreement between the parties. The challenge is to make a fair division which requires an analysis to determine their value after they’re converted to cash. Assume the two major assets in the example,... [Read more]


Twin Cities Real Estate Foreclosure Trends

Would you like to know more about the trends and what is happening in our local market? Check out my newsletter on this topic http://www.realtytrac.com/MarketTrends/NewsLetter.aspx?guid=9cb9d436-8910-4207-a42c-2747150d288c Powered By WP Footer Read More →


Real Estate 411

When you’re buying or selling, the obvious source to get your real estate question answered is your agent but where do you go the rest of the time? As a homeowner for many years to come, you’ll need reliable help and solid suggestions. Our business goal is to have a select group of our friends and past customers who consider us their lifelong real estate professional. We want to earn that trusted... [Read more]


Why Borrowers Pay Different Rates

Lenders, like any business, have to make a profit. The cost of acquiring the funds, the operating costs to service and the expected profit margin are easily identified. The variable in pricing is the type of mortgage and the credit worthiness of the borrower. A loan with a 3.5% down payment is riskier than a loan with 20% down payment. If the lender has to take the property back to recover their... [Read more]


Lower Anxieties/Improve Marketability

One of the anxiety highpoints during the sale of a home is waiting for the buyer’s home inspection report. Most sellers willingly disclose what they know about their home to any potential buyers. The concern stems from the inspector finding something that they’re totally unaware of and that it will either cost them a lot of money to correct or the buyer will simply use it to void the contract.... [Read more]


Rating Your Best Friend-It can be issue with your insurance company

Man’s best friend enjoys many of the benefits of his master’s home besides food and shelter and a comfortable place to live and play. In return, dog owners expect companionship and possibly, protection; after all, even a small dog can bark to signal intruders. Few people doubt that most dog owners love their pets and treat them well. The costs associated with having a dog can include medical... [Read more]


Don’t Do It! Make sure you are aware of the loan process and procedures!

You’ve seen lists telling buyers what to do to find the right home but knowing what not to do can be just as important. After finding the right home, negotiating a contract, making a loan application and inspections, buyers, understandably, start making plans to move and put their personal touches on the home. In today’s tenuous lending environment, little things can derail the process which... [Read more]


Home Equity Dynamics

Equity is the difference in what your home is worth and what you owe. Ideally, as the value goes up and the unpaid balance goes down with each amortized payment made, the equity grows from two directions. This dynamic leads to increasing a person’s net worth much faster than many other investments. A homeowner has minimal control over value. It is necessary to maintain the property to avoid depreciation... [Read more]


Who is my agent?

Just some information that you might or might not know or have thought of. More often than you’d expect, homeowners refer to the person they bought their insurance from as their agent. It sounds reasonable but it’s definitely not accurate. That person is the agent of the insurance company and they legally represent the company, not the customer. Even an independent agent who can place a policy... [Read more]


Mortgage Interest Deduction-Will it remain deductible?

Originally, in 1913 with the Sixteenth Amendment, Income Tax allowed a deduction on any interest paid by a taxpayer. Prior to World War I, most interest was paid for business purposes and very little paid by individuals. Credit cards, revolving credit, student loans and home equity loans that would charge interest would not become popular for decades. However, by the 1930’s, the Federal Housing... [Read more]


RE/MAX Commerical Real Estate in MN

Did you know that RE/MAX is a leader in commercial real estate as well as residential? We use a separate MLS system (MNCAR) and other resources besides the regular NorthStar MLS, of which I am a member. Let me know how I can help you-residential, commercial or investment properties. Powered By WP Footer Read More →


Twin Cities Real Estate Investing

The profit potential in single family homes for investment has been a consistently good long-term investment. They offer investors the opportunity of high loan-to-value mortgages at fixed interest rates for 30 years on appreciating assets, tax advantages and reasonable control that other investments don’t offer. Last year, Warren Buffett said that if he had a way of buying a couple hundred thousand... [Read more]


Watch this awesome Kid Rock Song

Powered By WP Footer Read More →


Find the “Right” Agent Before the “Right” Home

It’s a common practice for buyers to make a list of what they want in a home during the search process and to explain it to their agent. However, maybe the first list they should make would have the skills they want their agent to have. The Profile of Home Buyers and Sellers identifies what buyers want most from their agents and as you’d expect, help with finding the right home was ranked highest... [Read more]


Where Is It Invested? Consider an investment property in the Twin Cities!

You’ve saved for a rainy day or retirement. Congratulations but don’t get too comfortable yet; where is it invested? It’s estimated that over 25% of Americans have their long-term savings in cash instead of investments like stocks, bonds or real estate. The memories of the financial crisis of 2008 are recent enough to understand why some people may want to avoid the stock market and real estate.... [Read more]


Get Regular Check-ups

Following his heart surgery last week, after an issue was discovered during his annual physical, President George W. Bush encouraged everyone to get regular check-ups. Another important checkup that should be done on a regular basis and can be just as beneficial for your finances is an annual homeowner advisory. Why would you treat your investment in your home with less care than you... [Read more]


Twin Cities Home Buyers and Sellers–FHA & VA Assumptions Might be a Consideration

Not many buyers have assumed a mortgage in the past 25 years. Most people think it was because FHA and VA in the late 80’s began to require that buyers qualify for the assumptions. Not having to qualify for a mortgage would certainly benefit certain buyers. If a homeowner must qualify for an assumption like a new loan, they’ll generally choose the mortgage with the lower interest rate. Over... [Read more]


Minneapolis & St Paul Home Buyers – 3 Quick Home Ownership Tips

1) If you’re moving and looking to purge items from your home, consider donating them to Goodwill. They will take clothing, computers, and more! Click here for 8 donation tips. http://ow.ly/mbikE 2) As the temperatures rise, so might your energy bill. This article guides you though the benefits of programmable thermostats. http://ow.ly/mbjC3 3) In the summer, your garden could... [Read more]


Debt Relief = Income Things You Should Know

Many times a homeowner might feel relieved being out from under the obligation of a mortgage they can’t afford even though the property was lost due to foreclosure or short sale. If a lender cancels or forgives debt, a taxpayer must include the cancelled amount in their income for tax purposes depending on the circumstances. The tax significance could be serious. Congress enacted the Mortgage Relief... [Read more]


Where are all the Twin Cities Houses for sale?

Inventory is dramatically shrinking and it is commonplace in many markets to have multiple offers on a home. While the sellers would prefer to be able to choose the best offer for them, it can be incredibly frustrating for the buyers who might consider the following tips to get their offer accepted. 1. Remove the uncertainty that you may not be approved for a mortgage by having a pre-approval... [Read more]


Minneapolis Communities and Neighborhoods – Minneapolis Homes & Minneapolis Real Estate

There are eleven communities in the city of Minneapolis each of which is divided in several neighborhoods. Officially, there are 81 neighborhoods of the city. Below are the communities and neighborhoods of Minneapolis. Calhoun-Isles is an affluent, upscale area of Minneapolis that is situated southwest of Downtown. It is where the Uptown district is found. Most of the nightlife, restaurants and upscale... [Read more]


Minneapolis St Paul Renters Want to Buy

Fannie Mae, in a recently released study http://www.fanniemae.com/portal/research-and-analysis/housing-quarterly.html , states that consumer attitudes continue to be favorable about homeownership, particularly with the younger generations, ages 18 to 34. Slightly over half of them think that owning makes more sense than renting when comparing the financial and lifestyle benefits. 90% of aspiring owners... [Read more]


Mpls St Paul Home Values–What’s It Worth?

How much is a one carat diamond worth? Anyone who has shopped for one knows that the price could have a significantly wide range of value. It’s been said that purchasers should consider the color, cut, clarity and carat size to compare stones but when it gets down to decision time, buyers still want to know “how much is it worth?” Real estate valuation can be equally as confusing to the... [Read more]


Minneapolis St Paul Homeowners – Will the “Good Life” Be Ready When You Are?

The Life of Riley was a TV show from the 50’s starring William Bendix but the title’s origin came from an expression meaning that a person was living the “good life.” Most people envision themselves living the good life by retirement but don’t really have a plan to get there. There’s a rough rule of thumb used to estimate how much net worth a person would need by the time they retire to... [Read more]


Solution To A Wet Twin Cities And All The Rain

Just Watch The Video & Enjoy: Powered By WP Footer Read More →


Breathe Easy Twin Cities

The benefits of regularly changing the heating and air-conditioning filters are obvious to homeowners; the real challenge is creating a system to make sure it gets done. A reasonable schedule would be to replace it with a new one-inch pleated filter every 60-90 days. Households with shedding pets should consider replacing them every month. Some people change their filters every month when they pay... [Read more]


“Please take our offer…” Minneapolis, St Paul, Edina Home Buyers Find it Difficult to Purchase a Home

It’s interesting that the housing climate has changed so quickly. Some buyers, who think they’re still in the driver’s seat, find the market is now going up and they’re losing the home that they really want. Multiple offers are increasingly more common and buyers are frustrated because even full-price offers don’t guarantee that they’re going to get the home. In an effort to personify... [Read more]


Home Energy Audit-Consider getting one

I just had mine done. I learned a lot. I would recommend it to everyone. I am going to take the information and make some corrections which will save both energy and money. Powered By WP Footer Read More →


Shifting Debt to Tax Deductible-Something To Discuss With Your Tax Professional

The Mortgage Interest Deduction is available to homeowners for up to $1,000,000 of acquisition debt on the combination of their first and second home. They can also deduct interest on up to an additional $100,000 of Home Equity debt. While Acquisition Debt is used to buy, build or improve a principal residence, the Home Equity Debt can be used for any purpose. It can be used for educational or medical... [Read more]


When to Sell the Temporary Rental-Twin Cities Area Accidental Landlords

Some homeowners, who were not able to sell during the recession, chose to rent their homes instead. In some cases, they didn’t need to sell their home at the depressed prices and opted to rent it until the market recovered. It’s a valid strategy but there are time restrictions that could have serious tax implications for some homeowners. The section 121 exclusion for gain in a principal... [Read more]


Boomerang Buyers-This is the gas on the fire for the continued boom of the Twin Cities Real Estate market

It’s estimated that 10% of the homes sold in 2013 will be to buyers who lost a home in the past five years. Approximately 500,000 buyers who may have thought they wouldn’t own a home anytime in the near future will be homeowners again. It’s estimated that several million of these previous homeowners will purchase again in the next eight years. This kind of activity will contribute... [Read more]


Bunch Your Property Taxes and Save-An Idea To Think About

One of the drawbacks to low mortgage rates is that the total interest and property taxes paid for the year may be lower than the standard deduction. A little planning might be able to help you at least every other year. Most homeowners know they can deduct their qualified mortgage interest and property taxes on their Schedule A of their 1040 tax return or to take the standard deduction if it is greater.... [Read more]


Different Real estate for Sale

This was an interesting story I happened to come across by accident. Did you know various people have claimed ownership of the moon? Of course, they then built a business around selling the associated real estate. Read more this at Wikipedia and then watch the video. Was PT Barnum correct? You decide. http://en.wikipedia.org/wiki/The_Man_Who_Sold_the_Moon Powered By WP Footer Read More →


Where can you get a credit report?

I am often asked about where you can obtain a credit report. There are MANY places and most will have a charge associated with the report. The only one that I am aware of that is free is at http://www.annualcreditreport.com This site is actually sponsored by the three bureaus-Equifax, Transunion, and Experian. It is my understanding that the “annual credit report” free option doesn’t provide... [Read more]


Minneapolis St Paul Foreclosure Trends

As a subscriber to Realty Trac, I offer a monthly newsletter that they compile with local market data. Would you like to read it? Simply visit http://www.realtytrac.com/MarketTrends/NewsLetter.aspx?guid=754f6e36-211e-40b5-93c6-2beba87b2b46 and read the report. I can data mine the MLS and create a custom search for you should you be interested in purchasing a distressed sale. The market is stronger... [Read more]


Cool Video About St Paul Minnesota

The city of Saint Paul MN has produced some amazing videos. Check them out. St Paul is the sister city of Minneapolis. Powered By WP Footer Read More →


Maintaining Comfort-Twin Cities In The Summer & Winter

Some people refer to the heating and air conditioning systems as the “comfort systems.” If you’ve ever had to be without one in the dead of winter or the heat of summer, lack of comfort may be an understatement. Simple maintenance with a HVAC checklist is something that every homeowner can perform. Periodically * Change your filter every... [Read more]


Analyze Investment Property-See if a Minneapolis St Paul Area Rental Property Makes Sense

I have recently completed the OwnAmerica renting course and got their OICP certification. They have some GREAT tools and insight that will make you a better investor. Taking their online class via my link below. I forgot to mention the cost-FREE!!! You will definitely benefit from using these tools in your analysis. https://ownamerica.infusionsoft.com/go/REMAXIC/a4325/ Powered By WP Footer Read More →


Using an IRA to purchase real estate-Learn how it is done

Many people have no idea this is possible. I have helped clients in the Twin Cities build a portfolio of investment properties using this strategy. One of the trust vendors has provided this informational outline and a video. I have also included links to other trust providers so that you can learn about this concept: Self-Directed IRA Investing 101 – Investing Passively and Actively in Rent Homes... [Read more]


Your Deduction…Your Choice

Taxpayers are allowed to decide each year whether to take the standard deduction or to itemize their deduction when filing their personal income tax returns. Roughly, 75% of households with more than $75,000 income and most homeowners itemize their deductions. The 2012 standard deduction, available to all taxpayers, regardless of whether they own a home, is $11,900 for married filing jointly and $5,950... [Read more]


Interest rates – a historical perspective

We always here that “rates are lower than they’ve ever been”. In most cases that is true. Rates have been progressively declining. Freddie Mac actually has a 10 year chart that will demonstrate this on a month to month and year to year basis. You can find the data here for 30 year loans- http://www.freddiemac.com/pmms/pmms30.htm In today’s fast market, you will find that... [Read more]


Time is a Finite Resource-Use it wisely

Every day I am reminded of the one thing we all must manage-it’s our TIME. How we choose to spend it is somewhat within our control. A friend of mine who runs a painting company wrote an article about “Your Weekend”-Do it yourself or hire a professional. I think it is an important read. In fact, it has applications that apply to other activities besides painting. Priorities. Choices. Quality... [Read more]


Twin Cities Low Housing Inventories Indicate a Trend in Minneapolis & St Paul Homes

Low inventory is a relative term depending on how you’re comparing it. Would the comparison be to total number of homes on the market last year, homes in a certain price range or homes in a certain area? In some situations, it’s a combination of all of those things. In any given market, inventories will fluctuate based on area and price range. The National Association of REALTORS® considers... [Read more]


RE/MAX 40 year convention in Las Vegas

I just returned from my first RE/MAX convention. I have been with RE/MAX for 17 of my 27 years selling real estate, but this was the first time I had decided to attend their convention. All I can say is “Wow”. The people, the events, and the information was terrific. The show “KA” at the MGM was pretty amazing as well! I am excited to be back at work and have started to apply my new... [Read more]


Twin Cities Homeowners Refinancing Again? Think about it.

We’re constantly bombarded by lenders to refinance our mortgage under a variety of programs. The volume of offers can almost make you numb to the rational consideration. There are common rules of thumbs that homeowners and agents use such as not refinancing more often than every two years or there must be at least 2% savings from your previous mortgage rate may not always be accurate. Rules like... [Read more]


Twin Cities First Time Buyers

This video is typical of a first time buyer I work with that has recognized the opportunity in real estate today. Many many of my friends started off with an owner occupied duplex and later leveraged that into substantial wealth. I am aware of many special loans and grants that might help you achieve home ownership. Let me help you make the right decision for yourself and family. Sincerely, RE/MAX... [Read more]


Twin Cities Homes Sell Better When Updated with a Fresh Coat of Paint

Article provided by: Jerry Fancher Fresh Coat Painting Need a painting idea for your home? Whether you are looking to freshen up a room or trying to increase your home’s resale value, a fresh coat of paint can work wonders. Once you have an idea of what you are looking for in a new look, talk to your painting contractor to work out the details to put you on your way to a dream room. Here are four... [Read more]


If It Shows Better… – 2/18/2013

If it shows better, it will probably sell faster and maybe for more money. Once your home is on the market, it’s time to look at it like a commodity and through the eyes of potential buyers. In all likelihood, you’ll need to take care of these items eventually, so do them now to help it sell sooner. 1. Make repairs – it doesn’t matter if it’s been that way since you bought... [Read more]


RE/MAX Convention is next week in Las Vegas-Turning 40!

I have been with RE/MAX for 17 of the past 27 years. I can honestly say I work with some of the best in the business. I wouldn’t want to sell homes with any other company. From the people, the resources, the support-it really is a wonderful environment. If you are an agent or consumer, I encourage you to take a look at what they have to offer. Below are some videos from our founder that give... [Read more]


FHA Loans Getting More Expensive-MIP Will Last Longer Than Previously Insured Loans

The 3.5% down payment on FHA loans could be more expensive for buyers than expected. Beginning April 1, 2013, the mortgage insurance premium will go up by .1% to 1.35% which may not even be noticeable to most would-be homeowners. The staggering increase will occur on 6/3/2013 when FHA’s policy on the duration of the required mortgage insurance will be increased for the life of the mortgage There... [Read more]


Before You Leave Home…Action Items To Consider

The last thing you want to do while you’re on a trip is to worry about someone burglarizing your home. Use this checklist to add some peace of mind to your travel plans. • Ask a trusted friend – to pick up your mail and newspaper and keep the yard free of trash and advertisements. Stop your mail but maybe not your newspaper – you can easily handle this online by going to the US... [Read more]


Watch This Video About Disability And Bad Attitude

WOW. Another video that makes you think. How many times have we seen people who have had more obstacles to overcome than most go on to achieve wonderful things? You may have heard the quote regarding attitude and altitude. This video once again demonstrates how we each have our own set of issues and how we choose to deal with them determines outcome. Powerful stuff. Always puts things in perspective Sincerely, RE/MAX... [Read more]


Reverse Mortgages For Purchase Available In MN

I just met with a long time mortgage originator who is offering reverse mortgages for the purchase of a primary home. This is very exciting as not many companies offer this as a mortgage option. Now, a senior who is 62 years old has another financing option available to them. Attached are the information sheets that I received from the lender that will explain the program. Please contact them... [Read more]


What’s It Going to Take For You To Be Convinced Of Homeownership?

How much evidence is needed to make a decision to get out of the rent race and become a homeowner? Compare your rent with a mortgage payment on a similar size property. If you want a larger home than your current one, use the rent that property would require instead of what you’re currently paying. If it’s considerably cheaper, you may not need any further encouragement. By the time you... [Read more]


Selecting The Right Color Paint

Have you ever picked a color from the myriad of paint samples available, put it on the wall and decided that it was all wrong? It shouldn’t have to be that difficult but trying to pick the perfect color from those little swatches is just not that easy. Painters and decorators suggest you buy a small amount of the colors you’re considering. Your paint store should be able to mix them in... [Read more]


Top Ten Housing Predictions for 2013-Let’s See What Happens

Hope he’s right. Sounds very encouraging: Sincerely, RE/MAX Results John Mazzara Broker Associate CFP CLU ChFC CEBS MBA MS CMB 7300 France Ave S #410 Edina, MN 55435 John@johnmazzara.com http://www.MinneapolisStPaulHomes.com 612-386-7027 952-929-2577 How Can I Help You? Powered By WP Footer Read More →


Sooner is Better than Later-Twin Cities buyers shouldn’t wait

Buyers who have delayed purchasing a home due to concerns about what might happen to the tax laws affecting home ownership should feel comfortable about getting back in the market. The recent legislation passed by Congress and signed by the President continues to value homes as a favored investment. For a summary of specific real estate provisions in the “Fiscal Cliff” bill, click here... [Read more]


Mortgage Forgiveness Act-Report For YOU

The attached report will cover some of the highlights of the extended program. If you find that you or someone you know is in need of some information regarding options that might be available for them if they are “underwater” on their loan, then share this report. EVERY situation is different. Please call me to discuss yours and I will try my best to help wherever I can. There might be... [Read more]




full

MHA Ad 728x90

Disclaimer: This communication is provided to you for informational purposes only and should not be relied upon by you. RE/MAX Results is not a mortgage lender and so you should contact a mortgage broker or lender directly to learn more about its mortgage products and your eligibility for such products. Regarding specific blog postings, external links and any other information found on this site, neither John Mazzara nor RE/MAX Results assumes any responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice. It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner. John Mazzara and RE/MAX Results are not associated with the government, and our service is not approved by the government or your existing lender. Even if you accept this offer and use this site and/or our services, your lender may not agree to change your loan should you decide to pursue a short sale or any other change involving your loan or loan terms and conditions. If you should decide to engage our services in marketing your home as a short sale, there will be no up front cost to you and you may cancel our listing contract at any time.

Minnesota Foreclosure | Minnesota Foreclosures