Go downtown for condo bargains

 There are 73 condos on the market in downtown St. Paul right now starting at $34,000 and going up to 1.4 Million for a unit that is actually located on Summit Avenue which isn’t downtown by any stretch of the imagination but is downtown according to our multiple listing service (MLS)

There is a lovely condo on the 45th floor of the Pointe in downtown St. Paul for just under 900K and a lovely condo at one of my favorite buildings The Great Northern Lofts for $629.  What can you buy for $34K?  A one bedroom with a little over 700 square feet of living space.  Cheaper than rent and for those who work downtown the short walk to work could save time and money.

 

Some people reject the idea of buying a condo because they do not want to pay association dues.  It

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Ensuring the Dream of moving to Los Angeles goes like a Dream

To prevent the dream of moving to a new home in Los Angeles from becoming a nightmare, it is essential, no, absolutely vital to get as much detailed information on how to choose the right area and search for tips to move in Los Angeles. The right choice of mover is particularly important, as companies are sprouting like mushrooms because of the myriad of individuals and families continually flocking into the city. Before going into what to look for in companies that provide reliable moving, let’s see why Los Angeles is so popular.

For starters, the city offers a choice of 3 universities, the CSUN, the UCLA and the CSULA, as well as 21 private and nine community colleges and consequently offers excellent opportunities of higher education for youngsters. Continue reading post…

20 South Floridians indicted in home equity loan fraud case

Twenty South Floridians have been charged with participating in a $40 million mortgage fraud scheme, according to an indictment released Thursday by U.S. District Attorney Wifredo Ferrer.

Between 2006 and 2008, several real estate professionals falsified loan documents and obtained nearly 200 home equity lines of credit loans, the indictment said.

The scheme allegedly included individuals from nearly every level of the real estate industry a bank professional, mortgage brokers, a title agent, a home appraiser and several sales agents.

According to the indictment, brother and sister Alina Rubi and Camilo Garcia, both of Miami, fraudulently obtained home equity lines of credit and mortgage loans for homes and condos throughout Miami-Dade County.

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5 Hidden Resources For Home Sellers Revealed

Less than half of all people who have tried to sell a home in Tallahassee have succeeded over the past four years, and we actually monitor this trend and call it the home sales success rate. In looking at the 57% of failed home sellers over the past year, one thing that immediately stands out is that they failed to use all of the resources they had available when trying to sell their home. You see, just getting on the internet and into the Tallahassee MLS are not enough, you actually have to take advantage of every opportunity to attract a buyer, and today well cover the hidden resources for home sellers.

First of all, home sellers should understand the analogy of the auction.

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Real Estate Investor Tip – Fannie & Freddie’s Foreclosure Backlogs

Fannie and Freddie’s Big Foreclosure Backlog is Looming.

I recently went on vacation and got caught up on my financial magazine subscriptions.  I ran across an interesting article that discussed in depth the Fannie Mae and Freddie Mac backlog of foreclosure homes.

Here are the highlights that every Investor should be aware of:

  • Inventory is at an all time high on the books. Foreclosed residential property has “quadrupled” the past three years.
  • They represent around $24 billion in assets approximately and close to 250,000 homes.
  • The policy of supporting neighborhood values is not working. A poli

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