Foreclosures-Short Sales

Contingent upon Inspection

Most buyers make their offer to purchase a property contingent upon a complete home inspecton…for good reason. If you are like most people, buying a home is the biggest single...
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Looking for foreclosures? New search tool

With 2nd quarter foreclosures accounting for 25.8% of Twin Cities home sales (down from 27.6% first quarter 2008), a new search field has been added to the MLS database to...
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2nd Quarter Foreclosure & Short Sale Market Update

Foreclosure and short sale data recently released by the Minneapolis Area Association of Realtors was not surprising, showing that lender mediated properties still command about one quarter of the market....
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Warning: you assume some risks when purchasing foreclosure property

I often get contacted by people inquiring about foreclosure properties, excited about the low cost. While there are some good deals to be had, go into a foreclosure property with...
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Short Sale Progress…Closed!

I promised a final progress update on the short sale offer made by clients back in February.  Except for the wait the process until closing last week was L-O-N-G but...
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Short Sale Progress

Back in March I talked about short sales and The Waiting Game. We were waiting for a response on my clients’ offer to purchase a short sale property and at...
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What’s the difference between a foreclosure and a short sale?

Although most people have heard of foreclosures and short sales, I find many don’t have a clear understanding of them and how they work. This is by no means a...
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Closing & the Water Bill

Many people don’t realize that water/sewer service is attached to a property address rather than a person. If there are unpaid gas or electric bills after transfer of ownership, the...
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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.