What’s in a Word? “Imˈ- pound”: seize and take legal custody of something — especially a vehicle, goods, or documents — because of an infringement of a law or regulation. –Dictionary definition Once upon a time, the fees that lenders collected in advance from home buyers for such things as property taxes and home insurance...Read More
Left Holding the (Garbage) Bag: Reason #17 for Buyers to Do a Walk-Through Inspection It’s certainly possible that the weekly garbage collector will haul away all of the Seller’s junk, left curbside. But, I wouldn’t count on it. And neither should the Buyer. Instead, I’d negotiate either: a) a $500 escrow (holdback) from the sales...Read More
Seller Christmas Present/Delayed Closing Gift If you’re a busy agent who’s been involved in lots of deals since last Summer, one of the biggest post-closing scares can be an email — like the one I received earlier this week — from a (selling) client who alerted me about an invoice they’d just gotten from Hennepin...Read More
Making a Catch — or a Closing “Save” — Look Easy “Paul Blair never made a great catch because he never had to; he was always standing under the ball when it came down.” –Earl Weaver, Baltimore Orioles manager; “Paul Blair, Center for Champions, Dies at 69.” The New York Times (12/27/2013). How are great...Read More
How to Decipher the Condition of a Foreclosure (at Least in St. Louis Park) Without Actually Going Inside “Sold As Is. Great rambler in the most desired SLP location, minutes to Uptown, Southdale, shopping, etc. Needs work. Highest and best due by Friday October 11th at noon. As Is Addendum required. See supps, escrow required by...Read More
