Banks and Federal regulators hammer out deal on foreclosure process

"This is a huge step forward. Many people who had lost their homes to foreclosure were surprised because they thought they were in the loan modification process and were not aware that the banks were also foreclosing on them at the same time. This may be hard to believe but it has been happening. This one change...."

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Some tips for buyers wanting to invest in real estate

"If you are considering a future in buying homes as an investor now is a great time to get in. I am not saying you have to know everything because you never will but buying a home for an investment or for any other reason takes work ahead of time to be successful. Know the risks involved in buying a foreclosure, before you buy one. Hopefully by reading this blog before you dive in will give you a few things to think about that will help you along the way...."

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Pre-foreclosure townhome for sale in Lakeville, MN

"This town home has it all! It has many upgrades and some very unique features. To start with all three bedrooms are huge! There are three full bathrooms and a half bathroom. There is more than 2300 finished square footage! The monthly association fee is low at $154.00 and it includes hazard insurance, professional management, snow/lawn care, sanitation, exterior maintenance and building exterior. The location is great, close to 35W, shopping and parks plus walking and bike trails...."

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Fantastic 1 1/2 story home for sale in St. Paul, MN

"The home was built in 1910 and holds that classic St. Paul style with it’s beautiful hardwood floors, original doors, molding, lead glass and woodwork. There is a formal living room on the main floor along with a formal dining room. There is a den which is used as a tv room and another room off the foyer that is being used as a home office. All of these rooms have the original hardwood floors! A 3/4 bathroom on the main level is a nice bonus...."

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Newer built home on 2.71 Acres for sale in Elko New Market, MN

"Living in the country can be different than living in the middle of nowhere. This home has a very convenient location so you won’t feel like you have to drive forever to get to a store. You have the privacy and the land but you are only 35 minutes to either downtown and less than 10 minutes to shopping. There are great neighbors up and down the street but all have land as well so you maintain your space and your privacy. The roads are all paved right up to the front door so you don’t have to worry about your...."

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Be a smart home buyer when looking for a foreclosure

"Home prices have dropped so much over the last several years that before you know it they will start to head back up. The smart buyers who are ahead of the market under stand this. They realize that ifit is a great deal they are up against other buyers who will see it as a deal as well...."

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Know the foreclosure market, be a smart buyer!

"First the availability of foreclosures has diminished over the last year while short sales seem to be on the rise. So when a good one becomes available you will start to see multiple offers. Many of these homes are already priced 10% to 20% below fair market value and that banks have lost in excess of $100,000 on a lot of these foreclosures. They will only....."

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