Financing

June 5, 2009

Translation: How To Get The $8000 Tax Credit For Closing Costs

Every time HUD makes a change in the first time home buyer tax credit, they announce it by issuing something called a mortgagee letter. These edicts announce the […]
May 29, 2009

How A Contract for Deed Can Cause A Bank to Foreclose on Your Minneapolis Duplex

With the tightening credit standards and increased down payment requirements in today’s mortgage industry, many sellers have become willing to provide financing for prospective buyers via […]
May 14, 2009

Does A Bad Appraisal Equal A Bad Investment?

Is a duplex a bad investment if it doesn’t appraise for the price listed on a purchase agreement? It depends on whether you’re the buyer or the seller. […]
April 20, 2009

Appraisal Rules Change for Minneapolis Duplex Investors

As if things weren’t already challenging for Minneapolis duplex investors, along comes the news that on May 1 the national rules for real estate appraisals will […]