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Foreclosure in Minneapolis : Real Estate Advice

  • All625
  • Local Info43
  • Home Buying276
  • Home Selling52
  • Market Conditions17

Activity 63
Thu Jan 11, 2018
Sally Grenier answered:
Maybe I'm not understanding your question...but if the foreclosure process is complete and the house was sold at auction....then your time to redeem is gone. When they first filed their notice, that's when you should have contacted the lienholder to determine what you can do to get current on your payments. May want to call your mortgage company and see if that's the case. ... more
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Fri Sep 1, 2017
Andrey Sokurec answered:
Receiving a property foreclosure notice is one of those situations that no one of us wants to face. But, there comes a very hard time in the lives of many peoples when they need to face this painfull situation. But still there are many options to sell your house before foreclosure.


However, in such a stressful situation, many homeowners find it hard to sell their house fast. Below are few steps that will help you sell your house before you face foreclosure.

1) Contact a real estate lawyer:

The first thing that you need to do for selling your house is contacting an experienced real estate lawyer.

2) Enhance your house’s looks

Next thing is enhancing your house’s looks to make it highly attractive to the viewers. As it would be hard to renovate it in such conditions, what you can do is de-cluttering it and getting it cleaned thoroughly.

3) Find an experienced real estate agent

Being well aware by the market trends and rules, an agent will help you find a buyer for your house fast. But, make sure that you find such an agent who would understand the urgency of the situation and will make every possible effort to find a buyer.

4) Use all the marketing tools

In order to attract the best offer, you must ensure that the ad reaches out all the potential buyers.

5) Contact the quick buyers

You must have seen the companies who are ready to buy your house fast for cash. It will be the best option if you are short on time. Find we buy houses company that is able to give you immediate cash.

If you still face any difficulties, let me know We at Homestead Road will buy your house in any condition.
... more
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Tue Aug 29, 2017
Brucecrlsn asked:
Sun Aug 27, 2017
Supermom8023 asked:
Seterus had an open case for assistance from me in early May, and postponed the May 9th sale. I got a new request for more paperwork from them on July 5th, but it was dated June 22nd. It…
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Tue Jul 25, 2017
Foinmbamty asked:
Wed Feb 8, 2017
Nik Gamble asked:
Tue Feb 7, 2017
Travis asked:
Tue Oct 11, 2016
Checkkeshaout asked:
I'm in the process of bbuying a bank owned property. We had a closing date of Aug. 29th which has come and gone - the title company is working on getting the deed signed so that the…
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Thu Aug 11, 2016
Krystal asked:
I am wondering if anyone has or knows anyone that has been in my situation. I am trying to sale my home which will now be a short sale, I'm so upside and don't have the money to…
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Sun Jul 24, 2016
Leon Murrell asked:
Would I need to be only a lot or need to have a business license as well??
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Thu Dec 31, 2015
Elizabeth Sibet answered:
Hi Abi,

This is because of Trulia's choice (similar to almost all non-MLS listing sites) to provide more market data to it's consumers, whether useful or not, is up to us!

Trulia will list homes as 'pre-foreclosures' or 'foreclosed' long before they are available for sale by the lender who has most often been the winning bidder at the Sheriff's Sale, because this information is public and they are compiling it for us. This information is used by Trulia to drum up interest in homes like the one you have posted the address to, as a foreclosed home, but the lender has yet to determine or process if/when the property will be brought to market to recoup any losses.

It is true that anyone may bid on a mortgage at a Sheriff's Sale, but at least around here it is uncommon for anyone beside the lending institution to bid on these properties, mainly due to redemption risk.

Larger lenders may have contracts with specific liquidators also referred to as asset managers to bring these homes to market via auction website.
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Mon Dec 7, 2015
Josh Lund answered:
Hello Psminer59,
Good Morning.
The info will be registered with your county records dept. Are you in the market to purchase a home? If so, I would love to see if we can help you out. We can do loans down to 600 Credit Score. We also don't need 3 trade lines like many banks require. 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
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Thu Aug 13, 2015
Josh Lund answered:
Hello Stacey Slaughter,
Good afternoon.

Are you wanting info on a Minnesota or Florida property? I am licensed in both states, or am I too late? 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
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Mon Jul 13, 2015
Josh Lund answered:
Hello Hoppe1d.
Good afternoon.
Are you in the market to buy a home? Still looking in the Warehouse District? If so, I would love to see if we can help you out. My office is in the heart of North Loop, next to twins Stadium. 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 1 answer Share Flag
Tue Jun 23, 2015
Josh Lund answered:
Hello Gm1649lk,

Good morning.

If you are in need of a real estate agent we have some who are preferred agents on our team. We could show you properties in MN. Also I can answer any mortgage questions you might have. We are glad to help. Hopefully we can make this a very easy process for you.

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
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Tue Jun 17, 2014
Countrygirl13.bs answered:
Fl. I forclsed on dome property. This person actualy toik 9 mo. NoOT EVEN GOING TO TALK ABOUT MNEY. IF THR ARE BELONGINS LEFT MINE OR THETRS
0 votes 15 answers Share Flag
Mon Feb 10, 2014
Susan Hofflander answered:
Oh, dear, tinamuddy! I'm sure this is very upsetting for you. I'm not sure why there was a difference between a deed in lieu and a foreclosure because of not having a title. Deed in lieu is essentially the same as a foreclosure, except the owner/mortgagor is prompting the foreclosure to take place faster than a normal foreclosure.

So, why isn't there a deed?? I'm not sure that's even possible. Is it just that you don't have a copy of the deed?? There has to be a deed! Did you contact the county? I'm sure the lender established a deed.

Now, as for the HELOC, did you contact that lender about the deed in lieu or the foreclosure?? They would have had to foreclose on you as well. It's quite possible they may not even be aware of everything that's happened. A foreclosure sale is not like a short sale. Once the property has been foreclosed on, the BANK that forecloses OWNS the property and they have no obligation to your HELOC company. So, I suspect, unless there was a pre-determined deal between the HELOC lender and your primary lender, there was no communication (believe me, been doing this enough to know that nobody talks to anybody, even if it's the SAME bank!).

I am going to suggest you contact a good real estate attorney to get this all straightened out. OR, if you want to spend a good chunk of time on the phone, you can make some calls to get answers and THEN consult an attorney. In any event, this is not something that falls within the scope of what agents do.

But, good luck with everything!!!
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