Renewal vs. Decline It happens to every neighborhood fortunate to get old enough (at least in the family-friendly Midwest): the original owners raise their kids, become empty-nesters, and downsize. All at once — or at least it can seem that way — the block is for sale. Is that an opportunity for Buyers? Like so...Read More
Short Sale Multiple Choice My client made an offer November 17 on a South Minneapolis short sale (the lender(s) must agree to accept less than the outstanding mortgage balance). When did he hear back from the listing agent (representing the Seller)? a. November 29b. December 3c. December 21d. January 23 Answer: none of the above....Read More
2445 Portland Ave. So. Minneapolis Asking Price: $132,905Assessed Tax Value: $505,500Property Taxes (2009): $8,216Last Sale: $480,000 (3/1/2007) This 5,200 FSF, Brick Four-plex came (back) on the market late Friday afternoon. A quick look at its selling history indicates that it’s been on and off the market, at ever lower prices, since July, 2005. What it...Read More
Name the Country’s *Banking Capital See you how do on this quick financial quiz: In order of total market cap (“capitalization,” or entity value), calculated as of today (1/14/09), rank the following pairs of banks and their headquarters cities: —Citigroup and JP Morgan (New York City)–Bank of America and Wachovia (Charlotte)–Wells Fargo and U.S. Bank...Read More
