Looks like some metro areas that are riddled with foreclosures will get some help with the funds from Recovery Act phase 2 out of ?. Roughly $2 billion is being set aside to help revitalize neighborhoods across the country. From HUD.GOV: “Vacant homes have a debilitating effect on neighborhoods and often lead to reduced property [...]
Prices Heading Lower If Not Already There
January 5, 2010 By Leave a Comment
Let’s be honest with ourselves on this one, home prices are still going to fall. Les Christie from CNN throws out three basic reasons why home prices are heading lower: more foreclosures, rising interest rates and the home buyer tax credit coming to an end. Here’s the proof in case your not a regular reader: [...]
Rolling Around Apple Valley Foreclosures
December 16, 2009 By Leave a Comment
Finding That Foreclsoure Fixer Upper In Nokomis Area
December 10, 2009 By Leave a Comment
Running around in a the snow, a client was interested in this property in Nokomis neighborhood that just hit the market for a little over $40k. Don’t worry about contacting for an offer, there was 10+ after a day on the market. In case your interested in some raw REO numbers for the Nokomis area [...]
Are foreclosures in the Twin Cities receding?
January 28, 2009 By Leave a Comment
Just in time for the holidays, Fannie & Freddie halt foreclosures
November 20, 2008 By Leave a Comment
Both mortgage giants released similar statements earlier today asking their attorney’s and the companies that service their loans to stop everything on foreclosure proceedings. No more foreclosure sales during the time period of Novermber 26th through January 9th. The reason, to allow the new streamlined program that was announced on November 11th time to effect [...]
Banks Halting Foreclosures on Twin Cities Homes
November 11, 2008 By 3 Comments
Big banks are starting to put a moratorium on homes that face possible foreclosures around the Twin Cities and nationwide. Citigroup becomes the latest big lender to put basically a holding period on the initiating foreclosure process on troubled borrowers. Citigroup joins JP Morgan Chase and Bank of America to step up to plate. Depending [...]
House Blows Up In Minneapolis
September 22, 2008 By 1 Comment
