Posts Tagged with realtor
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
Legislative Update - Real Estate Issues (update for Feb 2012):
At the Federal level, efforts to eliminate the Mortgage Interest Deduction (tax deduction) for homeowners have been quashed (at least for the time being) by all of the good work by the National Association of REALTORS® on the Federal level and the Minnesota Association of REALTORS® on the State of Minnesota level. While this may be brought back up in the future, it is unlikely that it will be an issue again until after the 2012 elections. House Resolution 25 "Expressing the sense of the Congress that the current Federal income tax deduction for interest paid on debt secured by a first or second home should not be further restricted". Thanks to the efforts of the Minnesota Association of REALTORS®, there are no changes expected to the Capital Gains exemption for homesellers. The current exemption for the $250,000 of Capital Gains (single) or $500,000 of Capital Gains (married couple) remains in effect. Efforts to eliminate the Minnesota Property Tax Refund for homeowners have not been successful, again thanks in part to the efforts of the Minnesota Association of REALTORS®. In the Minnesota legislature, a bill has been introduced that would increase the maximum refund allowed for homeowners with household incomes from $37,280 to $100,779. On the Federal level, there are efforts to eliminate the Mortgage Forgiveness Debt Relief Act and Debt Cancellation. This is going to be a big issue fSunny Bright & Well Maintained1872 73rd St, Centerville, Mn. 55038
1872 73rd St Centerville, MN Click For Listing Website Click For Interactive e-Tour Welcome to peaceful Acorn Creek in Centerville, Minnesota, where your new, 4 bedroom split level home, is ready for you to move right in. This sunny and bright, 1995 built home, is located in the Centennial School district, near several great fishing lakes, parks, the Wargo Nature Center, and provides easy highway access for a quick commute. Well maintained and clean, this home features a professionally built, 4 season porch, and offers a flexible floor plan, with vaulted ceilings, over
Welcome to your new home in Grant Park Illinois. This antique Dutch Colonial home was built in 1894 and has all of the old world features and attention to detail of a 19th century estate.
Located within easy commuting distance of the south side of Chicago, this small town offers the peace and quiet you need but is still close enough to enjoy all of the amenities the big city has to offer.
This 4 bedroom antique home has: an octagon living room, gorgeous ceramic and brass fireplace, beautiful hardwood fireplace mantle, leaded and bevelled glass, 2 sets of bay windows: one set is in the living room and another set is in the dining room, built-in china cabinet, built-in Deacon's bench, 5 panel hardwood doors, walk-in closets, hardwood floors, a large full bathroom upstairs, and a half bathroom on the main floor.
Mature trees and perennial gardens fill the nearly 1/3 acre yard with shade in the summer and the patio is a restful retreat.
For more information call Patti Ann Kasper at 763-548-1418 today!
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Residential Real Estate for Sale: 5509 11th Ave South, Minneapolis MN 55417: Lake Nokomis / Diamond Lake Area
Click Here or on Link Below for More Photos
