About Wright County, MN

What to Expect when on the Road to Foreclosure

Buffalo, MN - Have you ever wondered what's involved in the foreclosue process for the state of Minnesota? Marci Weiche, one of the top Realtors in Buffalo, MN, details the steps below. Read on and wonder no more...

1st Missed Payment - Lender calls and sends letter to the homeowner.

2nd Missed Payment - Collections department continues calls and letters (30 day default letter is sent to the homeowner).

3rd Missed Payment - Collections efforts continue; transfer to foreclosure department ('Notice of Intent to Foreclose' is sent to the homeowner).

4th Missed Payment - Account is forwarded to foreclosing attorney. Legal fees accrue and attorney sends notice to homeowner.

5th Missed Payment - Foreclosing attorney schedules Sheriff's Sale date (Sherrif's Sale date is published for 6 consecutive weeks).

6th Missed Payment - Occupant served with notice of Sherrif's Sale (4 weeks before the sale).

7th Missed Payment - Sherrif's Sale occurs (this is the deadline for the homeowner to bring the mortgage current).

Redemption Period - Minnesota has a 6 month ‘right of redemption' period immediately following the Sherrif's Sale, although this period can be shortened to 5 weeks, if the sale was postponed by the homeowner. During the redemption period, the homeowner retains the right to occupy the house and pay off the entire Sherrif Sale amount, including fees. However, they must pay this amount or vacate the house by the end of the redemption period (or face eviction).

Foreclosure = Opportunity
Clearly, with the large volume of foreclosures in the state of MN, foreclosed homes are rampid in our current housing inventory. This presents a great opportunity for general consumers and investors alike. There are many Buffalo, MN area homes priced at incredible values, some range from needing a little TLC to a massive reconstruction, while others are move-in ready and just great for first time home buyers.

To learn more about Marci Weiche and her expertise in Buffalo, MN and the western Twin Cities metro area, click on the following link: Buffalo, MN Realtor - Marci Weiche, or call her directly at 612-220-1074.

Ben Olson is Mortgage Consultant affiliated with Mortgages Unlimited, a Licensed Mortgage Lender - Minnesota Department of Commerce. If you would like to get pre-approved for your home purchase, please contact Ben Olson at 763-416-2620 or visit www.AskBenOlson.com.

Bank-owned properties that I have worked on have made me think two or three times about the things I own. The detritus of people's lives have been splayed out in front of me. It is so sad to see the left-behind items. I sometimes wonder if they left this much behind, what could have been more valuable...that they needed/wanted to take with them?

I have always been a believer in living lightly on the earth. Working towards fewer earthly possessions has always made me aware that when I do purchase something, I try to make it of the highest value so that I will not need to replace it quickly or as often. I wonder...do most people buy randomly to "bring home bounty", replace some higher need or just spend without thinking? I have relieved myself of something every other day so far this year, donating it to charity. Some with reluctance, but always knowing that it will keep me from having to deal with it, and someone else grateful to get it.

It makes me sad to see faces just randomly picking up items when I shop. Sometimes, they have to explain the purchase to a spouse who is also wondering why the item is needed/wanted. I shop thrift stores, garage sales when I have a want. When I NEED something, I generally shop where most of you shop. But there is a big difference between want and need.

That is why I became a realtor. I wanted to help those who need housing. Not pander to those who think they want housing. There is a difference. And, that is where the paycheck comes in. Taking buyers out to "look" is much different than taking buyers out to shop. Make sure that they are in "the market" to buy, not look. I have counseled many a new agent who wastes time, as I did at first, hoping to make the sale...when the buyers were just looking. I have seen the same couple at opens I have held in the last two years, still renting....still waiting. When, in the world, would it be a better time to buy?

I called an old friend today. A former housemate. One I hadn't spoken with in some twenty years. Odd. Because I truly loved him as a friend. We'd exchanged postcards from time to time. When I called, his wife answered and gave me some precursory third-degree...which I understood. I am a woman calling her husband, after all. Then, after she ascertained that I was not a threat, just wanting to return some personal property and that I was, truly, just a friend, she gave me some really interesting news about my old friend who had just left for the Boundary Waters.

I really don't want to reveal the very interesting news, but, after discussing it for a time, she invited me for cocktails and appetizers to surprise him on his return. He will be returning on Saturday. We will meet on Sunday. He is one of the most interesting, entertaining and enchanting persons I have ever had the pleasure of spending time with. And, I feel so honored to have been invited to surprise him.

The moral of the story is: call your old friends, you might be surprised at how their lives have changed. And, you might find some new friends and guidance in the process!!!!

Our office has had an average of 24 pending/closed properites on our sales board monthly since april of 2009. That is approximately 38-41% more month over month, year over year for the last three years. Since we started our New office/ having been in business with EXIT myself since 2006 and it having been in existence for two years previous to that, we have greatly increased our and EXITS exposure in the Wright county area. Most of us have been in Realty for over ten years as well as in peripheral businesses. We have a tremendous amount of individual expertise as well as collective expertise due to this backgrounding.

We offer a large amount of activity going on at present and are now expanding and have opened an office in Maple Grove Minnesota as well. This is located at 13784 83rd Way #96. We have taken the majority of the former Bell Mortgage office over for our offices.

If your are looking for excellent realty work and care. Please give us a call and if you are looking to relocate as a Realtor please contact me for a discussion on the great program EXIT has put together for "Realtors" and their families. It is quite a concept and a "proven business plan". It has been in operation for 11+ years and EXIT IS THE FASTEST GROWING REAL ESTATE COMPANY AT THIS TIME, !!

I will periodically put information out for your perusal. I am a on occasion somewhat of an author. Some say nag, but do have strong opinions.

CIO!

So, I decided that my little red Landrover needed some attention to detail since it decided that the radio was going on strike. Drat! I can barely drive without musical accompaniment. I have been very good to my car since it is one of the many tools I use in my business. But, slowly, it is revolting, given the many, many miless I ask it to go to do Broker Price Opinons, listing appointments, and buyer consultations. I understand. I wouldn't want to work that hard either, oh, that's right, I do! Plus put in hours working on price opinions, printing off open house sheets, purchase agreements, listing contracts and all the other attendant paperwork that goes with listing, buyer and selling homes. Well, little Red, you are nice and clean, given your dratted black carpet that shows every little flaw, and you are all armor-alled and nice smelly, and have all your eyes wide open again...so we can take you out with buyers who will ignore you and look at all the beautiful homes your owner will show them! They will be very pleased with their new homes, and I have you to thank.