Monthly Archives: June 2008

Foreclosure Process Timeline

In the Minneapolis / St. Paul and suburbs, the typical process for a foreclosure goes something like this. Upon missing the first mortgage payment, the bank sends a nice, friendly letter reminding them of a missed payment. After another one or two missed payments, the letters get a little less friendly. After 4 or 5Read More…

A Short Commute

The Star Tribune just published an article on having a shorter commute. Here’s a link. I’m in agreement on living in the city. I currently live in a great neighborhood of South Minneapolis with great neighbors, a wonderful character-filled house, and lots of closeby amenities. We can walk to two different parks within 3 blocks,Read More…

Miles Per Gallon

How can you decide on which vehicle is best for you? Is Miles Per Gallon a good way to compare vehicles? Maybe. Looking at Miles Per Gallon will give you an indication of how efficient a vehicle is. There is one downside, however. When you compare a car that gets 35MPG vs one that getsRead More…Read More…

What is CDOM?

No, I didn’t spell CD-ROM wrong. CDOM stands for Cumulative Days On Market. Well, ok. What does that mean? And why do you want to know? CDOM is the total time the house has been on the market since it was originally listed. Here’s an example. Let’s say┬áthe homeowners put┬átheir house on the market inRead More…

What is OLP?

What is OLP? In South Minneapolis, we know it as Our Lady Of Peace, a church and school. But OLP in the real estate sense stands for Original List Price. The quick definition of Original List Price (OLP) is the price that a home is listed at when it is offered for sale. This priceRead More…

Character Homes

We’ve got some character-filled homes in Minneapolis, so much so that I’ve dedicated a website entirely to the subject. I’ll be writing more about these old-style houses on this blog as well. But for now, please visit http://www.HousesOfMinneapolis.com and be sure to leave a comment! On that website, Houses of Minneapolis, we refer to olderRead More…