If you're considering buying a home, you've probably heard the term 'short sale.' The process of buying a short sale differs from a traditional sale and has both advantages and disadvantages. What is a short sale? A short sale is when a home is sold for less than the remaining loan amount. This is an option for homeowners who are struggling to pay their mortgage and want to avoid foreclosure. Since the home is being sold for less then the remaining loan amount, the offer accepted by the seller must also ...Read More »

The lowest priced listing in the Long Lake Villas, 2887 Brewers Lane has had some trouble getting traction on the sales front. Which means it's time for the PriceChopper to enter stage left, carrying axe. This two bedroom, two bath single level townhome was just chopped another 7%, which is the third chop since December. It last sold in 2006 for $215,000 and is marked as a potential short sale. View the listing (courtesy of Keller Williams ...Read More »

[mappress] Who needs curtains when every window of this 140 year old South Hill foreclosure appears to be covered with a privacy film. Until you get much closer and realize they're actually coated with ice. Everyone knows the single pane windows of yesteryear aren't very efficient, but it's not every day you see such a phenomenon. What a nice way to start your morning - roll out of bed, make some coffee and start scraping the inside of your windows. Asking price for this 3 bedroom ...Read More »

The Minnesota Home Ownership Center started a new program to assist families after a foreclosure with up to $2,500 to relocate and secure alternative housing. Funding for this pilot program has been provided by the Saint Paul Foundation Community Economic Relief Fund. Homeowners being displaced must have owned in Dakota, Ramsey or Washington County during this pilot program. Funds may be used for: Moving expenses Security deposits Up to half of monthly rent for first three months Utilities (gas, electric, water) Download the ...Read More »

Townhome, 3 bedroom, 3 bathroom, built in 2004, 2,479 sq. ft., hardwood floors, tall ceilings, near Dancing Waters ...Read More »

Single Family, 4 bedroom, 5 bathroom, built in 1999, 7,400 sq. ft., 2.9 acres, gourmet kitchen, screen porch, 3 fireplaces, near Square Lake ...Read More »

Townhome, 2 bedroom, 1.5 bathroom, built in 1989, 1,151 sq. ft., private patio, fireplace, vaulted ceilings - near shopping and highways ...Read More »

Duplex, 4 bedroom, 2 bathroom, built in 1870, 2,177 sq. ft., estimated monthly rent is $1,925 ...Read More »

Single Family, 5 bedroom, 2.75 bathroom, built in 1890, 3,488 sq. ft., close to Downtown ...Read More »

Condo, 2 bedroom, 1.75 bathroom, built in 2006, 1,208 sq. ft., bank will pay 3% in closing costs and a home warranty ...Read More »