Potential Short Sale? Not if it Sells for ≥ 10% Over Market If you have been in a cave (or simply aren’t up on the housing market), a “short sale” is when a homeowner owes more on their mortgage than the home is worth (called “being underwater”), and to sell, must get the bank to accept...Read More
2011 Flashback Hard to believe, after a Twin Cities Winter with practically no snow and temp’s consistently above freezing, that Winter last year was the real thing (the photos of this St. Louis Park home would be Exhibit A). Hardcore skiers and skaters are bummed, but most Minnesotans I know (myself included) feel like we’ve...Read More
Did Wronged Consumers Misbuy it? Lloyds Banking Group PLC will reduce some of the bonuses awarded to top executives in 2010 following an insurance misselling scandal that resulted in the U.K bank handing hefty compensation to consumers, a person familiar with the matter said Monday. Last year, Lloyds set aside £3.2 billion ($5.06 billion) to compensate...Read More
