Home Buying in Burnsville : Questions & Answers

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Caleb Hart, Renter in Orem, UT
Caleb Hart answered:
Since townhomes share a common roof, how are repairs/replacements handled?
Have you talked to a professional about this? There are a lot of things that the HOA outlines in their bylaws. I wonder if they have said they will handle repairs. Roofers will know if ... more
0 votes Share Flag Wed Mar 18, 2015 Home Buying in Burnsville
Harold Lear, Real Estate Pro in San Diego, CA
Harold Lear answered:
I have no mortgage; can a condominium association foreclose on my condo?
The foreclosure is subject to a 90 day Right of Redemption if it was a Non Judicial foreclosure.
(Cal Civ Code sec 1367.4)
This gives the home owner the option to try to get the prope ... more
0 votes Share Flag Mon Dec 23, 2013 Home Buying in Burnsville
Joel Johnson, Real Estate Pro in Bloomington, MN
Joel Johnson answered:
Can I make an offer on a home that already has an accepted offer and be the back up if that transaction falls through?
Check with the list broker. They may or may not be accepting additional back up offers at the time of your inquiry. Ask the list broker if they already have back up offers, and if so, ... more
0 votes Share Flag Mon Dec 23, 2013 Home Buying in Burnsville
Gail Strom, Real Estate Pro in 55044
Gail Strom answered:
Is it better to buy 2 cheaper condos- rent out one of them and live in the other, or buy a more expensive townhome and live in it?
Aviat, there are many variables here. Ultimately it depends on your reason for purchasing in the first place and how long you intend to live in the townhome. It appears that you're aski ... more
0 votes Share Flag Fri Dec 6, 2013 Home Buying in Burnsville
Gail Strom, Real Estate Pro in 55044
Gail Strom answered:
Looking for a town house in the Burnsville/Lakeville area of the Twin Cities, MN
I live in Lakeville, just 3 minutes from Burnsville. Anybody can search online for property but you should really have an expert that can advocate for you as a buyer and help sort throu ... more
0 votes Share Flag Fri Dec 6, 2013 Home Buying in Burnsville
Laura Claypo…, Real Estate Pro in Burnsville, MN
Laura Claypole answered:
home buying in burnsville!! (:
There are many homes available in the South Metro area. New listings come in every day and often times sell with in a week or less. I would be happy to meet with you to get a better ide ... more
0 votes Share Flag Mon Aug 19, 2013 Home Buying in Burnsville
Russ Douville, Real Estate Pro in Saint Paul, MN
Russ Douville answered:
What forms do I need to sell my mobile home?
This is a little outside my scope since mobile home sales are rarely real estate transactions. I believe you need the title to the home, and possibly a bill of sale.
0 votes Share Flag Fri May 24, 2013 Home Buying in Burnsville
Chris Rochef…, Real Estate Pro in 55051
Chris Rocheford answered:
If I have cash for a cash offer do I have to have preapproval papers on a HUD home?
This question has been common in the last couple of months. If you have a cash to purchase a HUD home Great! My next question is are you able to provide a Proof of Funds letter from a ... more
0 votes Share Flag Mon Jul 2, 2012 Home Buying in 55306
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
I live in MN and would like to rent out my townhome (primary res) and buy a 2nd home. What do I need to know?
Hi Rachel,

This could be a good idea if:
1. You recognize that being a landlord / property manager is a business and are ready for any contingencies. Do you have plans for how th ... more
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Burnsville
Susan Hoffla…, Real Estate Pro in Minneapolis, MN
Susan Hofflander answered:
As 1st time Home Buyer can I get downpayment assistance?
Short answer: YES!! But, let me qualify that with, IF you qualify. Most of the assistance programs have conditions that you must meet in order to be rendered eligible for such benef ... more
0 votes Share Flag Thu Mar 15, 2012 Home Buying in Burnsville
Felix Hung, Real Estate Pro in Irvine, CA
Felix Hung answered:
What is BPO? And what do we need to do?
BBqgal,

A BPO, is a valuation performed at the beginning of the process right after the seller has accepted an offer and submitted it to the bank. The bank is the one that orders th ... more
0 votes Share Flag Fri Sep 17, 2010 Home Buying in Burnsville
Jerri Eidsvo…, Real Estate Pro in 55303
Jerri Eidsvoog answered:
Due to mental illness I did not talk to the bank before the sheriff sale. What options or exception do I have to keep my home.?
Sorry you are going through this; you are not alone. I agree with the agents that responded about talking to a lawyer might be good - if you can get a free consultation. Unless you ar ... more
0 votes Share Flag Sat Mar 6, 2010 Foreclosure in Burnsville
Keith Manson-…, Real Estate Pro in Milwaukee, WI
Keith Manson- Metro Milwaukee Wisconsin answered:
what would nullify or disqualify a sheriff sale results.?
If the owner filed bankruptcy, reinstatement funds via certified funds recieved before sale, modification or some other agreed settlement with funds received prior to sale.

Some are ... more
0 votes Share Flag Fri Mar 5, 2010 Foreclosure in Burnsville
Eric Egeland, Real Estate Pro in Libertyville, IL
Eric Egeland answered:
Trying to buy foreclosure, want to use incentive program, being told not to... please advise?
Your agent is correct assuming the REO is aggressively priced.

On these aggressively priced properties the bank has a selection of offers to choose from..the most attract offer being ... more
0 votes Share Flag Wed Mar 3, 2010 Home Buying in Burnsville
Eric Egeland, Real Estate Pro in Libertyville, IL
Eric Egeland answered:
Can anyone tell me how much I can expect to pay to de-winterize a townhouse for inspection? The seller (bank) accepted our offer today & my
Here in Chicagoland our Preservation companies charge us about $150
0 votes Share Flag Wed Mar 3, 2010 Foreclosure in Burnsville
Don Edam, Real Estate Pro in Minneapolis, MN
Don Edam answered:
How long after a sheriff's sale does it take for a property to be bank owned or REO instead of a SSale in MN?
One other quick thing. Depending on the bank, some will allow what is called a Short Redemption to take place. Its basically the same thing as a short sale, but during the redemption ... more
0 votes Share Flag Sat Jun 27, 2009 Foreclosure in Burnsville
Dan Swanson, Real Estate Pro in Burnsville, MN
Dan Swanson answered:
How to find a home before hitting the market?
First - is this a particular home you're looking for? A particular neighborhood? A particular school district?

If you have a particular area in mind, search for a Realtor who eithe ... more
0 votes Share Flag Wed Jun 24, 2009 Home Buying in Burnsville
Dan Swanson, Real Estate Pro in Burnsville, MN
Dan Swanson answered:
What is a fair 2nd offer?
You have to negotiate differently with a lender than a private owner. There is NO emotion involved on the lender side in this transaction! The lender's representative doesn't need equ ... more
0 votes Share Flag Wed Jun 24, 2009 Home Buying in 55306
Susan Hoffla…, Real Estate Pro in Minneapolis, MN
Susan Hofflander answered:
Questions for lenders/brokers from a first time homebuyer: dubious about my current lender?
Sometimes, there's so much "jargon" that loan officers and real estate agents throw around, we forget how to get down to basics and explain it to people who don't do this kind of thing ... more
0 votes Share Flag Wed May 13, 2009 Home Buying in Burnsville
Deborah Madey, Real Estate Pro in Red Bank, NJ
Deborah Madey answered:
Should we count on the listing agent?
So, is the contract signed by both buyer and seller? That determines where you are at in the process.

I don't understand the "out of town" excuse. I have communicated with an ... more
1 vote Share Flag Fri Apr 25, 2008 Home Buying in 55306
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