Burnsville : Questions & Answers

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Karissa White, Real Estate Pro in 55437
Karissa White answered:
Since townhomes share a common roof, how are repairs/replacements handled?
Hi Larry,

It can differ from complex to complex. Most are handled by the assocaitions insurance company. If you have a question about a specific assocation, let me know and I can fin ... more
0 votes Share Flag Tue Apr 14, 2015 Home Buying in Burnsville
Cameron Piper, Real Estate Pro in Minnesota
Cameron Piper answered:
I have no mortgage; can a condominium association foreclose on my condo?
Linda,

Great question, but you really need to explore the specifics with an attorney.

The fact that you don't have a mortage is immaterial. If you don't pay your association, e ... more
0 votes Share Flag Mon Dec 23, 2013 Home Buying in Burnsville
Vicki Schwar…, Real Estate Pro in Minnesota
Vicki Schwartz 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?
Absolutely. I will always take back-up offers on listings. There are many things that could change during the process. Do you have an agent or need help in writing a back-up offer?
0 votes Share Flag Mon Dec 23, 2013 Home Buying in Burnsville
Jennifer Sex…, Real Estate Pro in Shakopee, MN
Jennifer Sexton answered:
If I have cash for a cash offer do I have to have preapproval papers on a HUD home?
You do not need pre approval letter but
You will need proof of funds from your
Bank.
0 votes Share Flag Mon Jul 2, 2012 Home Buying in 55306
Jennifer Sex…, Real Estate Pro in Shakopee, MN
Jennifer Sexton answered:
home buying in burnsville!! (:
Good evening,

There are many homes available with the criteria you asked about. I would welcome to the opportunity to speak with you to narrow down the search to the perfect home f ... more
0 votes Share Flag Mon Aug 19, 2013 Home Buying in Burnsville
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
As 1st time Home Buyer can I get downpayment assistance?
Depending on your income limits, you might be eligible for down payment assistance. There tends to me more programs within Minneapolis and Saint Paul, but there are programs for suburba ... more
0 votes Share Flag Thu Mar 15, 2012 Home Buying in Burnsville
Elizabeth Fu…, Real Estate Pro in 55445
Elizabeth Fuller answered:
is a 20% commission rate average for a mobile home in MN?
Mobile homes are often sold as part of a vacation retreat, sometimes they are sold within a certain mobile home park or area, with or without a land lease. They are infrequently listed ... more
0 votes Share Flag Mon Jan 27, 2014 Home Selling in Burnsville
Rachel Luckow, Real Estate Pro in Lakeville, MN
Rachel Luckow 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?
I would start by talking to a loan officer that you trust. You cannot claim rental proceeds until you have collected them for 1 year. What that means is that you will have to be able to ... more
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Burnsville
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery 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?
Have you factored in the non homestead taxes into your expenses as well as any future pending or proposed assessments you would need to pay on both units?

Have you factored in that y ... more
0 votes Share Flag Fri Dec 6, 2013 Home Buying in Burnsville
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
what would nullify or disqualify a sheriff sale results.?
I would recommend deleting this question since the other question you posted will get you far more detailed answers
0 votes Share Flag Fri Mar 5, 2010 Foreclosure in Burnsville
Ralph Windsc…, Real Estate Pro in Hauppauge, NY
Ralph Windschuh 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.?
It would appear that the only way to stop the sheriff sale would be to get a court order to stop it. I would suggest speaking to an attorney to see what your options are. Good luck to ... more
0 votes Share Flag Sat Mar 6, 2010 Foreclosure in Burnsville
CCC, Home Owner in San Diego, CA
CCC 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
Hi, $225 to $250
FIRST: ask the listing agent for an authorization to de winterized the property. Once you have approval, then, ask them for a refrerral of the company that winterized ... more
0 votes Share Flag Wed Mar 3, 2010 Foreclosure in Burnsville
Patrick Howa…, Real Estate Pro in Edina, MN
Patrick Howard 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?
Hi Donna,

It looks like you have an eye on a house that's currently in the foreclosure process. Typically there is a six month redemption period after the sheriff’s sale. A ... more
0 votes Share Flag Sat Jun 27, 2009 Foreclosure in Burnsville
Jennifer Kir…, Real Estate Pro in Minneapolis, MN
Jennifer Kirby answered:
Trying to buy foreclosure, want to use incentive program, being told not to... please advise?
A question, is this an incentive program with Burnsville, Dakota County? If you can let us know the name of the program, it will help us better answer your question. Thank you!
0 votes Share Flag Wed Mar 3, 2010 Home Buying in Burnsville
Luke Allison, Real Estate Pro in Asheville, NC
Luke Allison answered:
Questions for lenders/brokers from a first time homebuyer: dubious about my current lender?
This would probably be best to do via a phone call, but I will do my best:

1) Basically you have to choose which loan product you want to run with. FHA loans right now have much loo ... more
0 votes Share Flag Wed May 13, 2009 Home Buying in Burnsville
Cameron Piper, Real Estate Pro in Minnesota
Cameron Piper answered:
Property Taxes: We purchased a home and are looking to get our property taxes reduced to closer to the sale
Lashae,

I have not been to MN tax court, but I do have the same impression that others have given you on the matter. From a practical standpoint I would encourage you to consider th ... more
0 votes Share Flag Sun Jun 7, 2009 How To... in Burnsville
Scott Hutchi…, Real Estate Pro in 55044
Scott Hutchinson answered:
My husband and I purchased a foreclosure property recently for $400K, the original sales price was $700K.
Original asking price and previous sales price unfortunately do not matter for what your house is worth in Today's Market; however, it sounds like you are planning on staying there for ... more
0 votes Share Flag Mon Aug 18, 2008 Market Conditions in Burnsville, MN
Jennifer Kir…, Real Estate Pro in Minneapolis, MN
Jennifer Kirby answered:
What is BPO? And what do we need to do?
Usually a bank will not order a BPO (broker price opinion) until they are presented with an offer to purchace from a buyer. Also known as a CMA (comparative market analysis), the bank ... more
0 votes Share Flag Fri Sep 17, 2010 Home Buying in Burnsville
Todd Norsted, Real Estate Pro in Maple Grove, MN
Todd Norsted answered:
Help! Help! I am really confused about how late can i change numbers for mortgage?I am a first time
Shrema, It strikes me that your mortgage banker does not want to resubmit the application for you. What you would like to do should be possible, as far as I know, and yes,, it does re ... more
0 votes Share Flag Fri May 9, 2008 Financing in Burnsville, MN
Paula Rushing, Real Estate Pro in Southaven, MS
Paula Rushing answered:
What is a fair 2nd offer?
It sounds like you are trying to purchase a foreclosure since your offer was rejected by a bank. In today's market the banks have so many foreclosures out there that they are trying to ... more
0 votes Share Flag Wed Jun 24, 2009 Home Buying in 55306
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