Prior Lake : Questions & Answers

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Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
Is it a normal practice for a builder to have the buyer obtain the construction loan?
Jim,
If you are building a custom home, or a spec home on a separate lot not part of a development, my experience is that you would be responsible for obtaining the construction loan. ... more
0 votes Share Flag Fri Mar 14, 2014 Financing in Prior Lake
Elizabeth Fu…, Real Estate Pro in 55445
Elizabeth Fuller answered:
What is avg cost per square foot to add onto home in mn?
This varies from community to community; it also depends on what kind of addition you are making. Will it have a basement? Will you need additional heating? How much added electricit ... more
0 votes Share Flag Sun May 19, 2013 Remodel & Renovate in 55372
Matt Jahr, Real Estate Pro in Sartell, MN
Matt Jahr answered:
does anyone in the Twin Cities help with short refi's?
I believe "Loan Modification" is what you are referring to. They are extremely difficult to come by because on one hand you need to exhibit the hardship and drop in income to ... more
0 votes Share Flag Mon Jun 27, 2011 Financing in Prior Lake
Rick Thram, Real Estate Pro in 55378
Rick Thram answered:
How deep is Mud Bay in Prior Lake? Is it exceptionally weedy? How has the depth in the bay changed from year to year?
Mud bay is historically a challenging bay for boats...in some years people living on that bay were unable to get their boats in for an entire season (or so I've heard). However, it ... more
0 votes Share Flag Fri Jan 27, 2012 Home Buying in Prior Lake
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
How hard is to get a short sale to get approved if you are current on your payments?
Before considering your short sale--in order to best protect yourself an any other assets you may have, consider consulting with an attorney who specializes in real estate--as for your ... more
0 votes Share Flag Tue Jan 31, 2012 Home Selling in Prior Lake
Lenny Frolov, Real Estate Pro in Minneapolis, MN
Lenny Frolov answered:
Geckler and Associates Inc. (Andy Geckler, Rich Geckler, Cathy Geckler, Steve Karl) just went "under" and took our money with them.What can?
Contact an attorney although I am unclear about your question.
0 votes Share Flag Wed Feb 16, 2011 Home Buying in Prior Lake
Lisa Cannata, Real Estate Pro in Falmouth, MA
Lisa Cannata answered:
What is a redemption loan?
Redemption Loans are the choice for those that have filed Chapter 7 bankruptcy. It is the new alternative to the standard dealer Bankruptcy Auto Loan. If the amount you owe is more than ... more
0 votes Share Flag Sun Sep 26, 2010 Foreclosure in 55372
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Where can we get and put in reviews on builders? We recently have had a terible experince with a builder and want to get the word out?
Depending on your complaint, you can try the local better business bureau--see link--
http://minnesota.bbb.org/
0 votes Share Flag Fri Jun 10, 2011 Home Buying in Prior Lake
Brad Anderson, Real Estate Pro in Maple Grove, MN
Brad Anderson answered:
Where can we get and put in reviews on builders? We recently have had a terible experince with a builder and want to get the word out?
Jake, I don't know of a place to review a builder, but you cab file a complaint with the BBB.
0 votes Share Flag Tue Oct 26, 2010 Home Buying in Prior Lake
Fred Glick, Real Estate Pro in Santa Monica, CA
Fred Glick answered:
What all is deductable on a refinance of a mortgage.I now have a FHA mortgage with mnortgage insurance
Sorry, but based on IRS rules, nothing is deductible on a refinance.

If you pay points, you can spread them out over the life of the loan.

For example if you paid $3000 in points ... more
0 votes Share Flag Wed Feb 17, 2010 Financing in 55372
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
I purchased this home in 2003 for 270,000. How dowes this compare to the value today.?
Your price should be higher than 2003 but by what amount is hard to say without having been inside your house. My guess would be $290k - $300k +/- but that is purely a guess. Appraise ... more
0 votes Share Flag Thu Apr 11, 2013 Financing in Prior Lake
L, Home Buyer in Minnesota
L answered:
I recently put an offer on a home in Prior Lake Minnesota. The seller countered with a number that just
Walk Away it's a Buyer's Market! Don't get yourself in a situation where you can't afford to keep your home. We had a home we bought in the early 1980's and it was several years befor ... more
0 votes Share Flag Sun Mar 24, 2013 Home Buying in Prior Lake
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