Tuesday, March 24, 2009

On the new-house front...

I just realized that I left everyone hanging here with regard to the Hawthorne house.

We did finally close! And the insurance inspector* comes today (shiver.)

Pictures to follow shortly.






*Properties in distressed condition often do not qualify for market insurance, and therefore need "MN Fair Plan" coverage, which is not only more expensive, but also requires an inspection.

Thursday, March 19, 2009

Thinking about buying a foreclosure?

Come to my seminar at the Housing and Home Improvement Fair! I'll be there from about noon to 2, and the seminar is at 12:30PM. Check in at the NoMi booth for info.

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Join us at the 4th Annual North Housing & Home Improvement Fair!
www.northhousingfair.com
Saturday, March 21, 2009
10:00 a.m. - 3:00 p.m.
North High School -
1400 Knox Ave N
Your one stop shop!

Financial Counselors available all day!
How-to Seminars Resources for prospective home buyers
Talk with Contractors
Financial resources and education Resources for Home Improvement and Maintenance Resources for Re-Financing
Resources for Mortgage Foreclosure
Preventing Equity Stripping
Special Financing offers for those living in zip codes 55405, 55411, 55412 and 55430

Vendor displays will be available with reputable contractors, real estate agents, lenders and community resources to neighborhood residents.

This event is free and open to the public.

JOIN us for the following seminars presented by The NOMI Project:

Seminar #1 - Purchase Renovation:

~Imagine the future of YOUR home – overlook the “shortcomings” with a plan~ONE time YOUR loan; don’t charge the home improvement projects~Setting the stage; a timeline start to finish Purchase Renovation will be presented by Nicole Doran at 2:00pm -

Nicole Doran has been working in real estate for a total of 11 years. One of her passions is renovation financing. Nicole lived out her dream of renovating a home in the city; she knew before her real estate career that there is great power in community and economic development.

Nicole’s first home in the Jordan neighborhood of North Minneapolis was a purchase renovation. Not only has she been part of the revitalization of her community but, now she has a passion for empowering others to contribute in a similar way, through purchase renovation. She now lives in Willard-Hay.

Nicole is a Home Mortgage Consultant for Wells Fargo Home Mortgage and specialized in community lending including purchase renovation financing. Nicole is involved in North Minneapolis community and economic development projects. In addition, she is a masters candidate at Humphrey Institute of Public Affairs enrolled in the Executive program, “Community Economic Development”.

Seminar #2 - Buying a Foreclosed Property

~PREPARE-PREPARE-PREPARE! Assembling a team and marshalling resources
~EXPECT THE UNEXPECTED! What you will see and experience while shopping foreclosures
~NOW WHAT? Closing, technical issues, and what happens once you\'ve got the keys to your new palace.

Buying a Foreclose Property will be presented by Constance Nompelis at 12:30pm -

Constance Nompelis has been investing in real estate since 2000, when she bought her first vacant and foreclosed duplex in the Ventura Village Neighborhood. She has since bought and renovated both single and multi-family properties in Phillips West, Powderhorn, Central and Willard-Hay, and will soon begin a new project in Hawthorne.

Constance is also a Realtor with Century 21 Luger Realty, where she specializes in selling distressed, foreclosed and/or historic properties in Minneapolis. Five of the properties she purchased for her own investment were foreclosures, and she has sold numerous other foreclosed homes to her clients.

Constance has long been a proponent of connecting homebuyers to communities, and keeps up with activities, programs and individuals in a variety of neighborhoods across the city. She also serves as Housing Committee Chair in the Central Neighborhood, and is a board member of the Minneapolis Historic Homeowner Association.Constance blogs about renovation, preservation, and other local happenings and experiences both at http://thehealyhouse.blogspot.com and http://overnorth.blogspot.com. She currently lives in one of her renovation-project houses in the Willard-Hay neighborhood.

Hope to see you there!!