Tag

foreclosures

"Bruised" Apples-to-Oranges

Lender-Mediated Sales Swallow the Market[Note: the following dialogue, between local mortgage broker Alex Stenback and me, encapsulates a much bigger debate going on within real estate right now: how much do foreclosures and short sales “pull down” traditional sales?] “When “lender mediations” are 60% of the market, it’s getting tougher to say “just ignore that...
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Title Insurance Traps

Title Traps Can BiteForeclosure BuyersThe potential traps that lurk for Buyers procuring title work, especially for foreclosures, reminds me of a favorite attorney joke (I’m allowed to tell them because I am one, albeit non-practicing). When a neighbor charges that the attorney’s dog bit him, the attorney first denies it. When he’s shown photos of...
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A Tale of Two Markets

Read Jim Buchta’s Articlein Today’s Star TribJim Buchta, the Star Tribune’s top real estate reporter, has an excellent article in today’s paper surveying the Twin Cities housing market (“Best Sellers: Foreclosures”). And I’m saying that not just because I’m quoted and served as background for the story. In particular, Buchta does a very nice job...
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