Comments for Living Twin Cities

Comment on What’s the foreclosure process in Minnesota? by Traci

Traci — Tue, 09 Mar 2010 17:02:43 +0000

I tried to work with Citimortgage for months and months and didn’t get anywhere. I submitted and resubmitted a million times and left message after message for the Loan Modification Specialist assigned to me without returned calls. I have 6 pages of documented calls and have just finally given up. I received notice from the attorney for the 30 day notice before the foreclosure notice hits the paper. According to several realtors contacting me, my sheriff sale is set for April 6, 2010 and I still haven’t been formally served. I checked the local notices and it is indeed set for April 6, 2010. I thought in MN they had to personally have a sheriff serve you with notice of sale date???? Should I contact the attorney office and tell them I never received anything? Do they have to relist and start over at that point?
Thanks for any help you are able to give ~ Traci

Comment on Parade Of Homes & Remodler’s Showcase Spring 2010 by Jason Sandquist

Jason Sandquist — Thu, 25 Feb 2010 05:54:59 +0000

Thanks for stopping by and clarifying Michelle. I give props for the donation to BOF, always a big fan of local charities. Maybe I was just skimming the pages and didn't see the blurb (which I have been known to do) about the charity portion of the tour. Originally thought it was like the 17-mile drive in Monterey California where they charge you drive on millionaires roads to view the homes. Now that would have been a major fail. Well here's to a busy and successful start to the year, the industry needs it after this recent report of new home sales at a 50 year low.

Comment on What’s the foreclosure process in Minnesota? by Jason Sandquist

Jason Sandquist — Wed, 24 Feb 2010 01:43:32 +0000

Bank of America has been a nightmare to work with on numerous occasions…

Who is the loan modification company?

Comment on Parade Of Homes & Remodler’s Showcase Spring 2010 by Michelle Bruhn

Michelle Bruhn — Tue, 23 Feb 2010 21:47:22 +0000

Jason- Hi, I am the marketing and PR coordinator for the Builders Association of the Twin Cities, we/our members put on the Parade of Homes(SM). Two quick additions- We combined the two events – Remodelers Showcase(SM) and the Parade of Homes(SM) last fall – and people reported back that they liked it- we tried it not to make the book ‘worthwhile’, but to give consumers like you the option to view both new and remodeled homes a the same time. We did save our members’ dollars too!
Also, the $5 donation goes to a very worthy cause- the Builders Outreach Foundation(BOF), they build houses for families just below the poverty line- not so lame when you get the whole story! More info on BOF at:
http://www.buildersoutreachtc.org/buildersoutreachtc_about-us.html
more info on the Spring Parade of Homes(SM) at paradeofhomes.org
See you on the tour!

Comment on What’s the foreclosure process in Minnesota? by E. A.

E. A. — Mon, 22 Feb 2010 23:11:50 +0000

Last May we contacted a modification company and were advised to stop paying on the mortgage. We did that and I have been in touch with them regularly hoping to get something going. Our income has improved and we can make payments again, even some of the arrears. However, Bank of America is apparently so backed up that they served us a notice of foreclosure. Apparently, they determined that our debt to income ratio would not support deal. We have updated all of our information, working through the modification firm and we are waiting for a decision. The sale is March 11. I am being assured by the modification folks that the sale will be postponed while they review my file. Is this true? Is there a better strategy we can employ?

Comment on Smashburger Fills Out The Former Ethan Allen Building In Eagan by Dez

Dez — Mon, 08 Feb 2010 04:24:50 +0000

I haven’t tried adding jalapenos or smashsauce yet… I might have to do that. Thanks for the tip

Comment on Smashburger Fills Out The Former Ethan Allen Building In Eagan by Jason Sandquist

Jason Sandquist — Sun, 07 Feb 2010 16:01:50 +0000

I have to go with the “twin cities smashburger” as my favorite with the smashsauce and jalapeno’s.

Comment on Smashburger Fills Out The Former Ethan Allen Building In Eagan by Dez

Dez — Sun, 07 Feb 2010 06:18:43 +0000

You are going to love Smashburger. Definitely one of the best burgers in town.

Comment on Get A House Through Fannie Mae HomePath and They’ll Include Incentives by Julia Dugger

Julia Dugger — Tue, 02 Feb 2010 21:06:01 +0000

The 3.5% offer is for ANY Fannie Mae REO property purchased, not just if you use HomePath financing. You can use any financing (or cash) you want and still be eligible for the benefit.

Comment on What’s the foreclosure process in Minnesota? by Jason Sandquist

Jason Sandquist — Wed, 20 Jan 2010 05:13:30 +0000

@Heather

In a short sale, you *might* be liable for the difference on the loan amount, make sure you get a satisfactory of the mortgage when you close if you go that route. Some banks now are not forgiving the difference on loan amount and it has been a struggle to get them to go along with it. They sort of have the mentality now like this: If we are going to lose out on this, the borrower is going to participate in the loss as well. I just had a client short sale a house with $50k loss, the lender (wells fargo) wanted the borrower to come to the table with $20k, we were able to get it reduced to just $5k.

To qualify for a short sale, you must provide proof of a financial hardship: bank statements, investment statements, pay stubs, W2’s, et al.

If you truly are having problems paying on a month to month basis, you should first and foremost contact the lender and let them know your situation. Be open about it and don’t hide anything.