Posts Tagged with minneapolis
Recently, sellers who were seeking approval for their Freddie Mac Short Sale were informed by their loan servicing company that the investor (Freddie Mac) has made an important policy change. Effective immediately, Freddie Mac will no longer approve short sales of properties in the redemption period.
In Minnesota, the redemption period is the 6 month time frame following the Sheriff's Sale. This change is being made, in part, because the official ownership of the property changes when the Sheriff's Sale occurs.There are options to help you deal with these new changes, but don't delay. Call me at my Google Voice number 925-272-8363 or email me at pakaper@ExitRealtyNexus.com for more information.
Use this link to see if Freddie Mac owns your mortgage: https://ww3.freddiemac.com/corporate/
Here is the most recent update from Chris Galler at the Minnesota Association of REALTORS®:
"Freddie Mac has loans in all 50 states, with over 550 different laws, rules and regulations. Numerous legislatures and local city/county governments have been passing extensions, restrictions and complicating regulations geared at extending the occupancy of homeowners whoUpdated Weekly Real Estate Market Activityfor Minneapolis Saint Paul Twin Cities Metro Area
Housing Affordability is Highand Sales are Picking Up!
We are starting to see multiple offers again, the number of bank owned properties has dwindled and sale prices in many areas are stabilizing. Several areas are experiencing price increases. The Parade of Homes is wrapping up this weekend and our real estate season is off to a good start!
Minneapolis Saint Paul Twin Cities Metro Area Updated Weekly Real Estate Market Activity Report Feb 2012 View more presentations from pattiann
Open House 6730 Plaza Curve, Fridley Saturday from 1pm to 3pm
The Monthly Skinny - September 2011
Twin Cities Minneapolis / St Paul Metro AreaReal Estate & Housing Statistics and Information.
