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Spiking the Ball . . . on the 2 Yard Line

When Doesn’t “Sold” Mean “Sold?” When it comes to residential real estate, when does “Sold” not mean “Sold?” When it means “Pending” (as in, when there’s a big, bold “Sold” sign in front of a “For Sale” home). Huh?!? At least in Minnesota, once the Buyer’s Inspection has been removed,** the convention is to switch...
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Spiking the Ball . . . on the 2 Yard Line

When Doesn’t “Sold” Mean “Sold?” So, when it comes to residential real estate, when does “Sold” not mean “Sold?” When it means “Pending” (as in, when there’s a big, bold “Sold” sign in front of a “For Sale” home). Huh?!? At least in Minnesota, once the Buyer’s Inspection has been removed,** the convention is to...
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“Can’t Get No (Mortgage) Satisfaction”

Title Trouble Call it “Revenge of the Sub-Prime Lenders.” Once upon at time, when interest rates were (also) zero but credit standards were non-existent, lots of homeowners tapped their homes for easy cash. Fast forward a decade or so, and lots of those lenders are now gone (as in, shut down by the FDIC), and...
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