Wayzata : Questions & Answers

change location

cancel or

Q&A

15
Dennis L Lib…, Real Estate Pro in Minnetonka, MN
Dennis L Libby answered:
is anyone offering stated income loans for self employed in Minnesota?
No!

Stated Income mortgages have been virtually eliminated. In Minnesoa, between Dodd Frank and MN DOC, ther is little or no room for this kind of loan at any level of downpayment. ... more
0 votes Share Flag Fri Jan 31, 2014 Home Buying in 55391
Nicole Johnr…, Real Estate Pro in Minnetonka, MN
Nicole Johnrud - CRS, GRI answered:
If a homeowner has a stucco house built in the 1990s, should they do moisture/mold testing prior to putting the house on the market?
Yes. Your either proving that it was done right or that you're taking care of a problem. Pro-active steps can save you time and money in the end.
0 votes Share Flag Fri Jan 10, 2014 Home Selling in 55391
Tammy Maddrey, Real Estate Pro in Wayzata, MN
Tammy Maddrey answered:
can i get a mortgage loan with a recent foreclosure on my credit(3 months ago) and a lower credit score-about 500-550?
Its probably not what you want to hear, but I would highly suggest in your waiting period working to improve your credit score. There are free credit services out there that will help ... more
0 votes Share Flag Wed Dec 19, 2012 Home Buying in 55391
Tammy Maddrey, Real Estate Pro in Wayzata, MN
Tammy Maddrey answered:
Why are the banks holding so many homes and not listing them for sale?? Somehow they must make money on people going into foreclosure.
I just read a statistic that 20% of local sales (Twin Cities) are cash deals. That signals to me that investors are out in force. My investor clients see huge bargains right now and a ... more
0 votes Share Flag Wed Dec 19, 2012 Home Buying in 55391
Teri Eckholm, Real Estate Pro in White Bear Lake, MN
Teri Eckholm answered:
How important is it to a home seller, that the agent use social media to market the home!?
Great Question! First of all, Social Media will more than likely not sell your home. However, agents who embrace the concept of social media are usually more internet savvy. This is key ... more
0 votes Share Flag Wed Feb 8, 2012 Home Selling in Wayzata
Dawn and Jim…, Real Estate Pro in Wayzata, MN
Dawn and Jim Ohnstad answered:
Why do people keep saying the banks are the losers if homes go into foreclosure??
Because the larger banks have done a great job of keeping their inside operation and true motivations very hush hush. Even those Mortgage brokers I know do not have a definitive answ ... more
0 votes Share Flag Tue Feb 7, 2012 Home Selling in 55391
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Does anyone have experience with Complex Capital Mortgage and Finance?
Nope, but if I owned a financing company I am not sure I'd use the word "complex" in it. Why do you ask?
0 votes Share Flag Thu Sep 15, 2011 Financing in Wayzata
Amy Watton, Real Estate Pro in Andover, MN
Amy Watton answered:
How far in advance to the timeline that we'd like to purchase a home should we start the buying process? Currently we're aiming for next
I agree with everyone else that you ought to start the pre-approval sooner rather than later. As far as actually looking, it takes most people 3-6 months to be in the home after they st ... more
0 votes Share Flag Fri Aug 5, 2011 Home Buying in Wayzata
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Are there any banks out there that will give you a loan 2 years after foreclosure if you have a 25 percent downpayment?
• FHA & USDA require 3 years from the foreclosure sale date/when the home is no longer legally in your name (only 1 year if it was due to extenuating circumstances)
• ... more
1 vote Share Flag Thu Jul 21, 2011 Home Buying in 55391
Bill Dobbins, Real Estate Pro in Eden Prairie, MN
Bill Dobbins answered:
What if I had a 20 percent downpayment and a purchase price in the 190,000-220,000 range with income around 100,000? and foreclosure 3 months ago
Most loans (all, except VA loans) contain what is known as a Due on Sale Clause that gives the lender an OPTIION to call the loan due if any interest in the property is transferred. T ... more
1 vote Share Flag Thu Jul 14, 2011 Home Buying in 55391
Matt Johnson, Real Estate Pro in Wayzata, MN
Matt Johnson answered:
Question- Lake minnetonka area
Without question, Ferndale is the most exclusive and therefore most desirable lake shore in the area you are comparing. However, the east facing lake shore on Bohn's is outstanding ... more
0 votes Share Flag Wed Apr 20, 2011 Home Buying in Wayzata
Matt Johnson, Real Estate Pro in Wayzata, MN
Matt Johnson answered:
Is it true that Edina Realty does not allow their agents to accept anything less than a 6% fee?
Edina Realty is a full service brokerage, there would be no reason for their agents to discount the fees under 6%.
0 votes Share Flag Wed Apr 20, 2011 Home Buying in Wayzata
Mary Leizing…, Real Estate Pro in Eden Prairie, MN
Mary Leizinger answered:
Is Ferndale (Wayzata, Minnesota) a street or an area of Minnesota?
Ferndale is an area of the city of Wayzata centered around the street of Ferndale Rd. There are really 3 segments of Ferndale Road, the north leg, the south leg and the west leg. Incl ... more
0 votes Share Flag Tue Apr 29, 2008 General Area in Wayzata
Search Advice

Followers

145
Email me when…

Learn more

Meet the Trulia VIPs
Catherine Seck, Agent in Chanhassen
Catherine Seck
Agent
Chanhassen
Tony Trout, Agent in 55356
Tony Trout
Agent
55356
Cheryl Brellenthin, Agent in Wayzata, MN
Cheryl Brellenthin
Agent
Wayzata, MN
Bob Seliski, Agent in Wayzata, MN
Bob Seliski
Agent
Wayzata, MN
Home > Q&A > Minnesota > Hennepin County > Wayzata
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer