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Pequot Lakes : Real Estate Advice

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Activity 3
Mon Feb 21, 2011
Tammy Colver answered:
i'm not a professional but i would be careful and weigh out the difference it might cost you.....cashing in a 401k can bring lots of penalty fees and you can lose alot of money.If you save more while you are waiting to retire you would have more money to work with for less to have to finance.Realestate hasnt gotten any better or worse in the last few years.Yes it is a good time to buy but it's been like this for a while now. ... more
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Sat Mar 6, 2010
Cameron Piper answered:
Thomas,

There are thousands of banks who hold mortgages in your town, it is unlikely that many of them know anyone in your area. I would recommend that you use the local foreclosure listings to develope a list of banks with upcoming foreclosures in your area. From there you can use a cold calling approach to developing relationships with the asset managers at the banks. It is likely that the properties won't have been assigned until after the redemption period (at the mega banks) but some small banks only have 1-2 asset managers, so it is possible that your relationship might pay off.

Cameron Piper
#1 Trulia Agent in MN
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Mon Dec 8, 2008
Jason Semler answered:
Kris,

Before you do anything you need to talk to the city, township or county planning and zoning department to find out what their rules and requirements are for lot splitting. Typically you will need to fill out an application and submit a survey showing the property boundaries with the proposed lot split. It then will go before the P & Z board for recommendation for approval or denial and then be sent to the counsel or board for final approval.
Hope that helps a little!
Have a safe and joyous Holiday Season!
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