Home Ownership // Browsing posts in Home Ownership
JPMorgan and Citigroup to Halt Foreclosures Temporarily
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JPMorgan and Citigroup announced last Friday that they would temporarily halt their foreclosures while they wait for the government to finalize some of its foreclosure relief package. The foreclosure relief package was a portion of the $700 billion under the Troubled Asset Relief Program (TARP) and was outlined by Secretary of the Treasury Tim Geithner...
Minneapolis and St. Paul to Pilot The First Look Program | Will be able to purchase foreclosures
The city of Minneapolis and the city of St. Paul will be the first 2 cities to pilot the National First Look Program, which “coordinate the transfer of real estate-owned properties from financial institutions nationwide to local housing organizations, in collaboration with state and local governments”. Basically allows communities to purchase foreclosed homes from banks...
H.R. 3221, the “Housing and Economic Recovery Act of 2008" – Why You Should Care – A Series
Last Wednesday, President Bush signed H.R. 3221, the “Housing and Economic Recovery Act of 2008″ into law. There are a bunch of items involved in this bill that may affect you as a current homeowner or a potential homeowner. Here at The Don Edam Group, we’re going to spend the next 4 days pouring through...
July 22, 2008: Housing Stimulus Update (Video)
There might be a bit of overacting in this video , but nonetheless, if you’re interested in the latest Housing Stimulus Bill and where the National Association of Realtors stands, here’s your update… NAR President-Elect Charles McMillan sits down with NAR Chief Lobbyist Jerry Giovaniello to discuss the importance of the Housing Stimulus legislation currently pending on...
What Every Buyer Should Know About Short Sales
There are currently at least 29 short sales that are available for sale in the Edina and Southwest Minneapolis markets (found by searching in agent comments for “bank approval” and “short sale”). In the Camden area of Minneapolis, there are at least 70. If I look at Minneapolis proper, the number is over 315…St. Paul...
Top 5 Tax Myths of Homeownership That Could Cost You
Owning a home tops the dream list for most Americans, and for plenty of good reasons. It’s a shelter for your family, a gathering place for your friends and a good long-term investment. Tax breaks are also frequently cited as motivation for moving from renting to owning, and there are many ways a home can...
More Green Living: 10 Easy Tips for "Greening" Your Home
When it comes to the environment, being a good global citizen starts at your doorstep. From recycling to using alternative cleaning materials, minor changes at home can add up to real benefits for the planet, not to mention your own health and happiness. It may be a cliché, but the best way to be Earth-friendly...
Will Paying Your Mortgage Off Early Payoff for You?
Does it ever make sense for a homeowner to pay off a mortgage early? According to Kiplinger.com, the answer depends on the interest rate of the loan and the timing of the payoff. Paying down a 6% mortgage is the equivalent of earning a 6% taxable return on your money. You should be able to...
New & Old Points: Two More Tax Deductions Often Missed
How many times have you done your taxes and, three weeks later, learned you had missed the opportunity for a deduction? Too many, I’m sure. How can you not miss these deductions the next time? Start planning now. I’ve posted previously about What is Deductibe When Buying a Home, but here are two of the...
Minneapolis Makes Forbes Top 3 in "America's Best Cities for Couples"
With rents in many cities skyrocketing, men and women marrying later and a divorce rate for first-time marriages that hovers at about 45%, it’s no wonder more American couples are deciding to shack up. There were an estimated 6.02 million unmarried-partner households in the U.S. in 2006, according to the Census Bureau’s latest research. This...
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The White House will provide $3 billion more for unemployed homeowners
The White House along with the Treasury Department announced that ...
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5 Minneapolis Metro Suburbs listed in CNN Money’s Top 25 Places to Live in 2010
CNN Money just came out with its latest "Best Places ...
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First-Time Homebuyer Tax Credit Extended (Closing Date Only)
Legislation was signed over the weekend to extend the closing ...
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Edina Housing Stats – May 24th 2010
Current Edina Housing Activity
There are currently 488 active properties for ...
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