Hennepin County : Questions & Answers

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Tony Grech, Real Estate Pro in Michigan
Tony Grech answered:
Can I get a home equity loan on my current home if I did a short sale a year ago?
most likely not. Home equity loans are often tougher to get because they are not backed by Fannie Mae or Freddie Mac. It's going to be a couple more years before you can even get a pri ... more
0 votes Share Flag Yesterday at 8:15am Financing in Minneapolis
djennifer009, Other/Just Looking in Salt Lake City, UT
djennifer009 answered:
Any investors looking to network with a contractor for flip houses and rehab projects? Looking to build relationships and refer clients to investors.
Are you a contractor? I think that's a viable business plan, but you're better off building a relationships in person. I'm assuming you have a local area that you service-- it wouldn't ... more
0 votes Share Flag Wed May 20, 2015 General Area in Minneapolis
Diana, Home Buyer in Hay Springs, NE
Diana answered:
the home i want to but is a fannie mae, the mls report say they only accept cash / rehab loans. i have a conventional loan. where do i go from here?
If anyone is reading this after all this time and is trying to do a Fannie Mae loan....

First, Fannie Mae is warmer to cash or conventional loan purchases. Many repo homes have a la ... more
0 votes Share Flag Wed May 20, 2015 Financing in 55407
Donna Thornt…, Other/Just Looking in Tennessee
Donna Thornton answered:
I paid cash for a HUD home. Do the owner occupant requirements still apply?
Help!!! We purchased a Hud home with my step-son. The agreement was that we buy the home and make all the repairs and my step-son would buy us out for what we purchased the house fo ... more
0 votes Share Flag Tue May 19, 2015 Financing in Minneapolis
Mary Callist…, Real Estate Pro in New York, NY
Mary Callisto-Brendel answered:
How do I list my home with you? For sale by owner.
Actual I am an Agent with RE/MAX ADVANTAGE PLUS in Lakeville, MN not sure why it says New York???
0 votes Share Flag Tue May 19, 2015 Home Selling in 55435
Stephenrobin…, Home Buyer in Minneapolis, MN
Stephenrobinson964 answered:
I have bad credit but need an apartment in Minneapolis area ASAP. Any suggestions?
My wife and I need to rent and apartment in or around the inner northern suburb if possible. Have 6 years of rental history. Between us we make around 70k. Our problem is she made ... more
0 votes Share Flag Sun May 17, 2015 Rentals in Minneapolis
Amanda Diaz, Renter in 55437
Amanda Diaz asked:
Do you accept section 8?
0 votes Share Flag Fri May 15, 2015 Rentals in Elliot Park
Dan Tabit, Real Estate Pro in 98074
Dan Tabit answered:
Anyone have advice on what I can do about selling my rental house when the tenant is messy and dirty?
Homeowner,
Can you bite a smaller bullet and ask your tenant to help? What I mean is ask the homeowner to clean things up and cooperate in exchange for something they want. If they ... more
0 votes Share Flag Thu May 14, 2015 Home Selling in Maple Grove
MN/FL HOMEOW…, Home Owner in 55311
MN/FL HOMEOWNER asked:
I live in Maple Grove, MN. I have been approached by someone to purchase my home as a contract for deed. I currently have a mortgage and a HELOC---is this even possible?
0 votes Share Flag Thu May 14, 2015 Home Buying in Maple Grove
Aimee Morice…, Real Estate Pro in 55374
Aimee Morice REALTOR answered:
Does anyone have any feedback or personal experiences with a Lennar Home here in Minnesota? Thanks!
I've had multiple experiences with Lennar here in the Twin Cities- most recently at RiverPointe in Otsego and know those sales people there well as they are the same as in Martin Farms. ... more
0 votes Share Flag Tue May 12, 2015 Home Buying in Minneapolis
Aimee Morice…, Real Estate Pro in 55374
Aimee Morice REALTOR answered:
My large historic house has been on the market for 10 weeks. Should I take it off the market?
Id look at the feedback specifically- is it a pricing issue or something else? On average I'd look to see how long it takes to sell in that particular market. Good luck!
0 votes Share Flag Tue May 12, 2015 Home Selling in Minneapolis
Aimee Morice…, Real Estate Pro in 55374
Aimee Morice REALTOR answered:
How much does it cost to renovate a kitchen?
It also depends on the type of materials you use in the kitchen-- for many people, granite is worthwhile, but costs much more than laminate counter tops. Same thing as using stainless s ... more
0 votes Share Flag Tue May 12, 2015 Remodel & Renovate in 55311
b.stieper82, Home Buyer in Hopkins, MN
b.stieper82 asked:
I need help renting an apartment!!! I need help renting an apartment!!! I am medically retiring from the army. I'm still receiving full pay checks. I don't have rental history, but I do have good credit and I'm…
0 votes Share Flag Mon May 11, 2015 Rentals in Minneapolis
Balaji Subra…, Other/Just Looking in Minneapolis, MN
Balaji Subramanian asked:
Looking for a teardown in edina
0 votes Share Flag Tue May 5, 2015 Home Buying in Edina
'Kirby Ehrre…, Home Buyer in Shoreview, MN
'Kirby Ehrreich answered:
what is the assigned elementary and middle school for this house?
Gleason Lake Elementary, West Wayzata Middle , Wayzata High
0 votes Share Flag Mon May 4, 2015 Market Conditions in Plymouth
MNreno, Home Buyer in Saint Paul, MN
MNreno answered:
what is a fair commission on a one time showing contract?
Well I'm not a realtor so I can legally tell you that yes, 2.7% is the most common going rate, just as someone mentioned below and others didn't like it. You have to wonder why it's so ... more
0 votes Share Flag Fri Apr 24, 2015 Home Selling in Minneapolis
Melvin List, Real Estate Pro in Florida
Melvin List answered:
Hi is anyone doing stated income loans in Nevada?
I would reach out to a local mortgage broker. Most brokers have access to either lenders with no overlays or Alternative documentation programs.

Thank you,
Melvin List
Licensed Mo ... more
0 votes Share Flag Mon Apr 20, 2015 Home Buying in 55391
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