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Hennepin County : Real Estate Advice

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  • Local Info0
  • Home Buying7
  • Home Selling0
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Activity 727
Tue Mar 19, 2013
Ken Carpenter answered:
We have a very nice newer home in Plymouth for rent - $2,795.
Call me with questions: 763-591-6016
0 votes 0 Answers Share Flag
Wed Mar 27, 2013
Alison Hillman answered:
Hi there-

Take a look at some of the listings available on Trulia:,MN/

Ali, Community manager
0 votes 1 answer Share Flag
Tue Apr 16, 2013
Gina Dumas answered:
As long as your employers can verify your employment, hours worked and likelihood of continued employment, it should be OK. It's a great idea to speak to a mortgage loan officer and get a preapproval started so you know for sure! No cost and no obligation to get preapproved. If you would like a recommendation for mortgage loan officers, I would be happy to send you some great people. Good luck! ... more
0 votes 7 answers Share Flag
Sat May 20, 2017
If you're looking for a lender that can lend on an employment contract and one paystub as opposed to waiting for 30 days in the position, I can help with that. I don't know of a specific doctor program anymore other than one that SunTrust offers but that's typically for consolidating debt racked up in residency. ... more
0 votes 18 answers Share Flag
Thu Mar 21, 2013
Claire Bastien Sales Associate answered:
It's a little early for homes to be listed for rent in June, but check out my rental listings on my website.

Also you can keep an eye out on Craiglist, but you'll probably not find much right now for that time frame.
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0 votes 3 answers Share Flag
Fri Feb 7, 2014
Kevin Bumgardner answered:
Great question Brie!
There are some good areas in both Minneapolis and St Paul that could meet those needs. I'd be more than happy to give you a tour when you're in the area. I have many ideas around the Grand Ave area in St Paul or along Selby. You might also like many of them in SW Minneapolis...all depends on what kinds of shops and eateries you enjoy. We can talk about it too.
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0 votes 19 answers Share Flag
Fri Mar 15, 2013
David O'Neil answered:
Tax value is just an estimate for taxation purposes and is not what it will necessarily sell for. I wouldn't stress to much about it. Tax values, particularly in Minneapolis, are often quite low. Have a good, quality, local Realtor do a market analysis on your property and that will give you the actual price your home will sell for.

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0 votes 9 answers Share Flag
Sat Apr 6, 2013
Elizabeth Fuller answered:
First, check the rules. Senior condos may not be rentable to others. Your concierge, if you have one, will tell you. If not, you need to check the rules. Remember, these were built under HUD jurisdiction for the most part, and may be restricted as to more than age. If you need help, I do have quite a bit of experience in this area, and have sold these senior coops and condos as well. Liz, 612-986-4105 ... more
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Fri Apr 26, 2013
Jessica Tracy answered:
You can go online at and click on the FHA Lender list to find a mortgage broker in your area. I would also check to see if any local banks or mortgage brokers are holding classes for first time home buyers. The classes noramally have mortgage brokers there to answer any of your questions, plus Realtor, attorneys, home inspectors, and insurance agents to discuss the home buying process. Good luck with your first home! ... more
0 votes 14 answers Share Flag
Thu Jul 16, 2015
Donald James answered:
Talk to your professional Realtor and / or mortgage professional. With rehab loans it is very important to deal with professionals who have done many of these. Call me if you have any questions. ... more
0 votes 15 answers Share Flag
Thu Jul 9, 2015
Josh Lund answered:
Hello Aspizale,
Good morning.
Are you still renting? Are you 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
... more
0 votes 1 answer Share Flag
Thu Mar 23, 2017
Chase Lenz answered:
Mon Mar 25, 2013
Mark Claessens e-Pro NHSS answered:
Hi there, Taylor.....

I just ran a complete report on the entire MLS for Minneapolis and St. Paul and I am sorry to report that there are zero under $1000, zero under $1100, and I did finally find ONE at $1200 a month in St. Paul. The next one is at $1250 in St. Paul. The next is at $1375 is in St. Paul. They only go up from there.

Sorry, but this a very strong market for landlords. 2 years ago where they once hoped for $1000 per unit, they can now get $1500.

If you would like any more assistance, please let me know. We can always get outside of Minneapolis or St. Paul and move out to the suburbs.

I decided to do a little broader search. And just so you know, I did find 28 rentals all across the 13 county metro area that were $1000 or under. There were only 3 single family homes. The vast majority are either condos or apartments. So the whole idea of a fenced yard and your boxer? I think you have maybe three options. One is in Buffalo Lake (50 miles west of the cities), one is in Northfield (25 miles south of the cities), and one little tinly little house in Wayzata. But here is a warning: it is only 258 square feet! that is the size of a standard size fish house.

If there is anything else I can do to help, just go to my webiste below and shoot me an email or call me.

... more
0 votes 2 answers Share Flag
Wed Feb 27, 2013
Lisa Handley answered:

Are you looking at renting or buying? Give me a call 612-390-6520 and I would love to see if I can help you out.

Lisa Handley
ReMax Advantage Plus
0 votes 2 answers Share Flag
Thu Aug 6, 2015
Suzanne MacDowell answered:
There are many factors that go into qualifying for a mortgage, but it looks like you're crossed two of the hurdles. Your credit score is excellent and I believe the wait time after a foreclosure is two or three years, either way you are beyond that time. If I were you I would sit down with a local mortgage banker and go over my entire situation and see what can be done. Try to find someone local who specializes in writing mortgages rather than a big bank. They will be able to tell you exactly what you can do today and if anything needs to be 'fixed' they will tell you what it is and how to fix it. If you don't know a local mortgage lender, call a realtor and ask to be referred. It's what we're here for! ... more
0 votes 11 answers Share Flag
Sat Feb 23, 2013
Bill Wallace answered:
Try going to and use the advanced tab to only select the option for rental types of "corporate housing". When I did that it does bring up a few options to choose from (not many though).

Of course you can always look at an Extended Stay motel option if you can deal with the small size for a couple months.

Bill Wallace
RE/MAX Advantage Plus
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0 votes 5 answers Share Flag
Thu Apr 11, 2013
Ron Jensrud answered:
It's best to speak with a lender about that. I wouldn't consider an FHA loan at the moment. Too Expensive. Look for a Conventional with minimum down.
0 votes 13 answers Share Flag
Wed Jun 17, 2015
Chris Block answered:
My best guess is that you don't have many options available. Before seeking legal representation you need to see what exactly your buyers signed (my guess the bank had a bunch of addendum's for you).

From the standard PA situation the seller has every right to cancel the contract if the buyer does not meet the closing date. From a practical standpoint I have never had it happen to me, but I think lenders sometimes don't take closing dates seriously enough. God I hope that horror story never happens to me.

As for bank owned properties there usually is always an addendum that talks about closing date. Some lenders like HUD just have a standard 45 day closing for financed offers. I already have the extension document if I need it, but there is a very real possibility that they would attempt to charge a daily penalty to my buyer. There is some legal stuff there depending on what is delaying the closing.

But here is the kicker: jumbled in all of those addendum's the lender usually puts language reserving the right to agree, or disagree, to your extension request.

I DOUBT THAT ANYWHERE IN THE PURCHASE AGREEMENT IT SAYS THE LENDER MUST AGREE TO A CLOSING DATE EXTENSION. The fact they verbally agreed to an extension will obviously mean nothing.

I will end with my own story. I wrote an offer on a Fannie Mae property for my buyer who happened to be VA. My lender told me we needed 45 days to be safe on VA loans. I did pretty much the same thing you did, because lenders usually won't allow us to write "closing date 45 days from fully executed and signed PA".

Well we got our offer verbally accepted, and then Fannie Mae sent over all the addendum's. THE STUPID PART IS THAT EVERYTHING HAD TO BE EXACTLY THE SAME AS STATED ON THE PA. When I started looking at the closing date situation I knew we had a problem. Tried talking to the listing agent and she pretty much told me it won't happen, because once again nothing can change from the original PA. Who cares if I pointed out that her own lenders policy was 45days?

End result? I cancelled the PA with my buyer and it took a very long time to finally close on another house.

Now I am working with HUD and they politely set the 45day count as soon as I receive all the seller signed docs. What I have learned is that every lender is different. I now ask the listing agent what their closing date policy is, and most of the time to be on the safe side I account for 10-14days extra to get all signatures. If the bank counters me on the closing date than we can clear everything up then.

Lastly, I won't say that you should not encourage your buyers to seek legal advice. What I would do however is try to be as upfront and honest with them NOW about what they signed in the purchase agreement. That language should be there. You and I both know most buyers do not fully take the time to review these docs. If this closing does not happen they are going to be very emotionally attached. They may want to attack someone, and between the lender/bank/and Realtor we tend to be the easiest target.

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0 votes 7 answers Share Flag
Mon Jan 27, 2014
Matt Christensen answered:

I always recommend that a buyer have representation from an agent. Realtors work with negotiations all the time and know what is reasonable, what areas you can negotiate for a little more. They can look in on the transaction with a neutral set of eyes, it is easy to miss things in the excitement of buying a new home. There will be many excellent reasons given by realtors in response to your question. Feel free to contact any of them that reply or I can make a few recommendations for you if you wish.

Let me also say that sometimes a builder will try to discourage people from obtaining representation, by stating that you will have to pay the commission. Any reputable builder will be familiar with working with clients who have buyers agents. Personally if they tell me this I would find a different builder.

Good luck!

-Matt Christensen
NMLS# 373371
... more
0 votes 42 answers Share Flag
Mon Feb 25, 2013
Matt Christensen answered:

I have not dealt with this specific situation before. I will foward your question to an underwriter and post back here when I get an answer.

-Matt Christensen
0 votes 6 answers Share Flag
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