Foreclosures-Short Sales

Traditional Sales Going Up…Lender-Owned Sales Going Down

In 2009, lender-mediated sales accounted for 43.0% of all Minneapolis-St. Paul metro area home sales. The percent of foreclosures improved throughout the year, however, and January continued the trend. Traditional pending sales were 28.0% higher...
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How do recent federal changes affect buyers and sellers?

Whether you are buying a home or selling a home recent federal changes may affect your real estate process…including the FHA changes Leslie talked about yesterday that are coming in the...
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3rd Quarter Foreclosure and Short Sale Market Update

The total number of lender-mediated homes for sale has dropped by about 60% since third quarter last year, but they still make up about one quarter of total inventory (25.2% vs...
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Time is getting short…time for a short sale?

Time is getting short for first-time homebuyers who want to take advantage of the $8,000 tax credit…you must close by November 30th, which means you should write an offer in...
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2nd Quarter Foreclosure & Short Sale Market Update

The number of foreclosure and short sale properties available for sale in the Twin Cities has continued to dramatically fall after months of rising, as illustrated in this chart published...
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Foreclosures…reading the fine print

I am seeing more and more 'fine print' in counter-proposals from  banks on foreclosed properties these days. In fact, I am on my way to an inspection on a foreclosure property soon…BEFORE my...
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First-Time Homebuyers and Foreclosures…a good fit?

Both foreclosure and first-time homebuyer sales are up…both good signs for the market and a sign that many first-time homebuyers are buying foreclosed homes. According to a recent survey for Trulia Inc. and...
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1st Quarter Foreclosure & Short Sale Market Update

What is perhaps most telling of what has been happening in the Twin Cities foreclosure and short sale market so far this year is this chart published last week by...
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Sharon and John Hensrud

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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.