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Home Buying in 55412 : Real Estate Advice

  • All20
  • Local Info4
  • Home Buying9
  • Home Selling4
  • Market Conditions0

Activity 9
Tue Mar 29, 2016
Whokilledkenny97 asked:
ok got a lender, got a real estate agent, found a house, ok house is a HUD house, and getting everything thing inspected final close is in a month. my wife put a bid in quick think realitor…
0 votes 0 Answers Share Flag
Thu Jul 30, 2015
Josh Lund answered:
Hello Chef.iancookson.thevineyard,
Good morning.
The Simple answer is 1 person to buy a property, 2 to sell a property ( if married ) (( usually )) We have programs all the way down to 600 credit scores. I have a CA license.
Are you still in the market to buy a home? If so, I would love to see if we can help you out. We work with 1st time home buyers all the time. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 3 answers Share Flag
Wed Jul 15, 2015
Josh Lund answered:
Hello Frank,
Good morning.
MN is a community property state. One married person can buy a property solo, but when they go to sell it BOTH married people would have to be ok with selling it. This seams like something you would talk to an attorney about before making any decisions. If you are still in the market to buy a home? If so, I would love to see if we can help you out. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
1 vote 11 answers Share Flag
Tue Jun 23, 2015
Josh Lund answered:
Hello Tavarezca,
Good morning.
I would be more than happy to see if we can help you out. lets see if we can get something done for you. We are happy to help, and will try and make it a very easy process for you.

Please contact me at:
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 2 answers Share Flag
Tue Jun 23, 2015
Josh Lund answered:
Hello Tavarezca,

Good morning.
I would be more than happy to help you take a look at your possible options with an FHA loan.
Please reach out to me at :

Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
Apply now at: www.joshlundmortgage.com
jlund@goldstarfinancial.com
“Like” my professional page on facebook at www.facebook.com/JoshLundMortgage
... more
0 votes 2 answers Share Flag
Fri Jun 19, 2015
Josh Lund answered:
Hello Scottkathy61,

55412 is a densely populated, urban zip code in Minneapolis, Minnesota. The population is racially diverse, and mostly single. Housing prices here (average $148,200) are fairly typical for the Minneapolis-St. Paul-Bloomington metro area.

The median age here is 32. There are 10,764 men and 11,384 women. The median age for men is 31 while for women the median age is 32.

Here is the crime info you were looking for:
http://www.city-data.com/crime/crime-Minneapolis-Minnesota.html


If you would like to discuss a home in this area or another area,
I'd be glad to see if we can make this an easy process:

Josh Lund
Branch Manager
Gold Star Mortgage Financial Group
333 Washington Ave N Suite # 101
Minneapolis, MN 55401
Office # 952 884 5442
... more
0 votes 1 answer Share Flag
Mon Apr 8, 2013
Earl.darlene answered:
Wed Dec 29, 2010
Mark Claessens, e-Pro, NHSS answered:
Colin,

I have done a lot of short sales involving HSBC and they all took longer than what I consider "normal". I will agree with Patti Ann that a 4 month wait ona short sale is not a "long" time. But these days most of mine are taking 60-75 days. As the listing agent, I am in control of the situation with the bank and I constantly stay in contact with them at least 3 times each week. I hate representing the buyers, because I have no control whatsoever and have to trust the listing agent. The problem arises here when the listing agent is not experienced and does not have a system in place. They often times just "wing it" and do very little. It seems like a lot of "hoping and praying" unfortunately.

I am not accusing your listing agent of doing this, but the fact that you are sitting here in your 4th month without an approval does provide me with a red flag. Nothing you can do about it, though, except ask your buyer's agent to request that the other agent call the bank 3x a week and provide you with reports. I find that the more I contact them the faster things get done. I keep asking them to escalate the issue and get the approval and it just gets done.

Your bigger concern today is how much time is still left in the redemption period, if it is even started. Ask your agent to find out when they had the sheriff sale and then figure out when that 6 months is over. Because that is the day that they will foreclose on the house and take it away from the seller and throw out your offer. And believe me, I have been there a number of times when things kept dragging out and the seller’s bank finally just said, “The heck with it. We’re close to the redemption date and are just going to close this file and take the house back.” They may do this because they think they can get more for the house on the market through their rep.

All that said, Colin, her is my 3 cents worth on the “foreclosure halt” thing. First off, you are working on a short sale, and that “halt” has nothing to do with your case, unless they just keep postponing the sheriff sale to save money because they really want to do a short sale. That is what I have experienced a lot this year. However, I can also tell you I have had a couple of closings where the bank WAS going to take the house and it went right down to a closing that MUST happen and finally did just a day or two before the redemption date.

Which leads me to my second point: I don’t believe there is a foreclosure halt happening here in Minnesota. There is talk, but as I talk to my fellow agents that are listing REO properties, they are seeing a steady influx of foreclosed properties. Not one of them has seen a decrease. I really believe it is not happening here at all. And again, that has nothing really to do with the short sales anyway, with the exception that postponing a sheriff sale does help in my negotiations with the lender.

Mark
... more
0 votes 4 answers Share Flag
Wed Jul 2, 2008
Tina Evans answered:
Justin: Get the name of at least 3 known realtors in your area, interview them, hire one of them (sign a contract) and then give them this situation. that's their job, that's their profession, and that's why people need to HIRE A PROFESSIONAL REALTOR! ... more
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