Lynn Frantzen Minneapolis Real Estate

Some buyers that are very qualified to purchase a home are having difficulty with getting a bank to accept their offer. Part of the problem is that banks only want to payout no more than 3% of a buyers closing costs, even if their loan program allows for much more. Today one of my offers was rejected for a lower offer on the basis that the offer ...

I spent the morning previewing homes today in Minneapolis and Brooklyn Park. With the evenings getting dark so early there really are not enough daylight hours for my clients to see homes after work most evenings. Keeping this in mind I try to eliminate some of the "yuck" homes during the week, conserving my clients time on the weekends. ...

In today's weekly update from MARR the came the following quote "Foreclosures are being sold roughly three times more frequently than short sales, thus the inventory of available foreclosures is dropping more quickly than short sales."  I believe that buyer's are accepting foreclosures in order to meet the tax credit ...

I use Community Title and Escrow to help negotiate out my short sale listings. The title fees are an important part of the negotiations as the seller is asking the bank to pay all of the seller fees and possibly the buyer's fees. This just happed to one of their files and they want to make sure everyone is aware of this. AHMSI - American Home ...

I called the city of Brooklyn Center today to verify when or if the city performs a point of sale inspection. They in fact do not have a point of sale inspection but they do have a vacant home registery, all homes on this registery have a safety inspection for hazardous items. Not all vacant homes make it to the registery as it is up to ...

Title companies use their same escrow account for all their closings. If a bad checkis accepted at closing--and yes, banks have gone out of business or have been taken over by the feds in the middle of a closing--it may be a week or more before the bank knows and then notifies us.  The reversal of the funds deposit may not ...