Not $700k — $700k Below Tax Assessed Value Where: 1415 June Ave., South Tyrol Hills in Golden Valley What: 4 BR/5BA home built in 2002 with almost 5,400 finished square feet. How much: $799,900 asking price; tax assessed value: $1.504M When: originally listed for $1.679 million in March, 2009 Who: Listed with RE/MAX Results Well,...Read More
“It’ll Go Fine — Really” Short sales deservedly have a reputation for being aggravating time sinks for home Buyers (and their Realtors!). Even when they work out — which is less than one-third of the time — the Buyer can easily wait months for the bank(s) holding the mortgage(s) to agree to take a haircut...Read More
White House “Short Sale” Washington, D.C. (April 1, 2010) –President Barack Obama today announced plans to sell the White House as part of the government’s ongoing efforts to reduce the national debt. However, with an estimated fair market value of $200 million, secured by a $13 trillion mortgage, President Obama acknowledged that, at present, the...Read More
New Program to Streamline Short Sales Debuts April 5 HAMP: Home Affordable Modification ProgramHAFA: Home Affordable Foreclosure AlternativesRASS: Request for Approval of a Short SaleSSA: Short Sale AgreementMHA: Making Homes Affordable Program As far as I know, “Huh” isn’t an acronmyn for anything — yet. But all the other acronyms are for real. Beginning April...Read More
Was: $1.5 Million; Now: $599k Where: 142xx Trace Ridge Road in Minnetonka, just west of 484 What: 4 BR/5 BA with 4,650 square feet on a .79 acre lot How (much): list price is $599k When: originally listed at $1.5 million in 2005 Who: co-listed by Mark Jelinek and Michael Mohs of Edina Realty (Mark...Read More
Minnehaha Falls Deal Where: 45xx 47th South (just north of Minnehaha Falls in Minneapolis) How much: list price: $224,800; tax assessed value: $379,500 What: 3 BR/2BA 1948 two-story with 2,150 FSF Who: listed by Almost Free Realty When: came on market 10/22/09 No matter how cheap the asking price, it’s not necessarily available at that...Read More
