Lynn Frantzen Minneapolis Real Estate

February 2009 - Posts

• Spot Approval for FHA

  Now that FHA has increased so significantly in recent days more properties than ever now price qualify. When looking at a spot approval on new condo projects FHA requires that 90% of the building be sold before issuing a spot approval. A set of forms Read More... Posted Friday, February 27, 2009 8:23 PM by Lynn Frantzen | 0 Comments

• FHA Loan Limits Raised!

  FHA just announced an increase in the FHA mortgage limits to $365000 for the METRO COUNTIES ONLY – This is an increase from $330,000 that we have recently been working with. Please check the max mortgage limit for any of the other counties in the Read More... Posted Wednesday, February 25, 2009 6:44 PM by Lynn Frantzen | 0 Comments

• Dog Friendly Condo Buildings

  Every wonder where all the dogs in downtown Minneapolis do their "duty"? I know this sounds like a little issue, until you realize how much sidewalk there is and how little grass. Recently I added a Chiweenie to my family, a small 5 lb dog that Read More... Posted Wednesday, February 25, 2009 7:21 AM by Lynn Frantzen | 0 Comments

• Minneapolis Lofts and Condos

  I have been working downtown more over the past 3-4 weeks showing lofts and condos. I really have my favoriate buildings and love to show them. I have a few clients that also have very specific buildings they are watching closely for the perfect deal. Read More... Posted Sunday, February 22, 2009 4:31 PM by Lynn Frantzen | 0 Comments

• Request a Freeze on ARM Adjustment

  I have a client that recently listed his home with me. As we talked I realized that his motivation is that the rate on his ARM Mortgage is about to take a large step up making the payment hard to keep up with. He has not missed a payment yet, but knows Read More... Posted Saturday, February 21, 2009 7:45 AM by Lynn Frantzen | 0 Comments

• Home Buyer Seminar Feb 26th

  Note that this information is outdated. See how to use the new tax credit, what is a foreclosure vs a short sale, are multiple offers really happening.... When/Where: Lunds Community Room at Plymouth at 7:00 Sign Up Today Read More... Posted Friday, February 20, 2009 7:12 AM by Lynn Frantzen | 0 Comments Filed under: Events

• Different Options for A Mortgage Workout Plan

  These options may help you to avoid the loss of your home to foreclosure. Repayment Plan: allows you to spread the missed payments out over time. Forebearance Plan: allows you to suspend or reduce your mortgage payments for a short period of time. Loan Read More... Posted Thursday, February 19, 2009 11:51 AM by Lynn Frantzen | 0 Comments

• Why some homes not qualify for FHA Financing?

  Seller is only accepting conventional or cash offers Working Water at time of Appraisal - no copper pipes missing and the city water meter and lines are on and operational at the time the appraiser is there. Expect to pay a re-inspection fee if the appraiser Read More... Posted Wednesday, February 18, 2009 7:24 PM by Lynn Frantzen | 0 Comments

• Testing the Blog

  While I have had a blog on Realtor.com in the past - this is a new site and a new test. www.lynnfrantzen.com Read More... Posted Saturday, February 14, 2009 8:40 PM by Lynn Frantzen | 0 Comments