The Brainerd Lakes Real Estate Blog

Helping make real estate dreams come true       Are you looking to buy your first home and what is available in your area is not in a condition you like ? Many REO/foreclosed properties are being sold "AS IS"  with the lender(owner) not offering any repairs prior to purchase. An FHA 203K loan with as low as 3.5% down payment of the after renovation value may be the answer for you.      Looking for a deal in your market? Look for a fixer upper that conventional financing will not fund and certainly Rural, VA and USDA  Direct will not touch. Generally such properties are priced below the market to attract cash buyers. You can buy such properties at a discounted price via 203K financing with as little as 3.5% down payment of the after renovation value and be a happy homebuyer.      The FHA 203K loan can be a great option for many home buyers.  There are not many loan consultants in ...

Helping make real estate dreams come true        Fannie Mae has implemented a new policy which will go into effect on  June 1, lenders are responsible for certifying  that the borrower's monthly obligations have not increased from the time of when credit was initially pulled  through the closing date. This is effective for new conventional applications only and is not applicable for VA, FHA or Rural Development loans at this time but traditionally they will soon follow.        The goal is to reduce the number of loans that default because of new, non-disclosed debt. Lenders have the freedom to verify in whatever manner they wish, but in most cases, the verification process will amount to a credit re-pull made just prior to closing. A credit report will be pulled at the beginning of the application and will also be pulled 5 days prior to closing.        What does this mean...

Worse tax bite: short sale or foreclosure? Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging & Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

5 Questions to Ask Your Buyer Before Submitting a Short Sale Offer Close Forgot password? Please put in your email: Send me my password! Close message Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Login to OpenID Go back Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Login to OpenID Go back Go back Share on Facebook Connected as ( Logout ) Email (optional) Not displayed publicly. Tweet this comment Connected as ( Logout ) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. OpenID URL Comment as a Guest or login using OpenID Posting as Kathleen Lordbock ( Logout ) Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Loading IntenseDebate Comments... Leave a Re...

I Got You Out of Owing $100,000 — Say Thank You! Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging & Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

The Spring Roar! Get Ready! Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging & Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

HUD Short Sale Only Allows Certain Fees Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you make a graceful exit? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging & Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

Foreclosures Create Big Issues at the County Level Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging & Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

The Reality Behind Listing and Managing Short Sales Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging & Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

Taking Some of the Emotion Out of the Short Sale Decision Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging & Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

full log home & acreage This is a very nice full log home with over 5 acres and a pole building. Very private setting and close to the Lake Alexander public access. Call for a showing- 218-831-8001. Helping make real estate dreams come true Have you received a Notice of Default on your property? What are your plans? Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact: Kathleen Lordbock REALTOR/Staging and Short Sale Specialist Keller Williams Realty Brainerd Lakes Don't just walk away - there is hope, there is help!

Helping make real estate dreams come true 1. FHA Loans Are Not Only For Lower-Income Borrowers. FHA loans are available to everyone. In fact, even Bill Gates can get one. There is no maximum income restriction associated with FHA loans. Borrowers do need to substantiate income and assets by submitting proper documentation. This requirement ensures that borrowers are well-vetted and truly able to afford their future homes. 2. FHA Loans Are Not Only For First-Time Buyers. Many people believe FHA loans are available only to first-time homebuyers. This is not the case. Whether borrowers are making their first home purchase or their fifth, they can look to FHA loans as a home financing option. 3. FHA Loans Are Not Just Small Loans; In Fact, Loan Amounts Can Be As High As Almost $800,000. The government recently raised the maximum loan amount from its original cap of $362,790 to $793,750 as a way to help stabilize the housing market. The amount a ...