Minnesota Real Estate

Amendment would allow for tax-favored withdrawals from retirement savings 
 
Washington, D.C. - Continuing his effort to address the housing crisis, Senator Norm Coleman has introduced with Senator Bill Nelson (D-FL) an amendment to the pending Senate housing legislation that would temporarily allow homeowners tax-favored withdrawals from their retirement savings in order to keep their house. More »

Minneapolis- HUD’s Federal Housing Administration and the Minnesota Housing Finance Agency (HFA) today announced a first-of-its-kind agreement to promote safer, affordable government-insured mortgages. The Memorandum of Understanding (MOU) forges a working relationship and commitment by the federal and state government to help Minnesotans continue to access safer and more secure FHA-insured mortgages. More »

Attorney General Lori Swanson scored a sweeping victory today in a lawsuit against real estate fraudsters who were scamming Minnesota homeowners in foreclosure. Following a ten-day trial of the case involving 16 witnesses and 480 trial exhibits in January, 2008, Minnesota District Court Judge Lloyd Zimmerman issued a decision today in favor of the Attorney General in the case of State of Minnesota v. More »

Property taxes continue to be a pressing challenge for many families in our state. This year, the Minnesota Legislature considered several measures to deliver real and lasting relief to Minnesota property owners. In particular, House policymakers focused their efforts on those for whom property taxes have become most burdensome—widows, senior citizens, and low-income families. More »

Minnesota Attorney General Lori Swanson today filed six new lawsuits in Hennepin County District Court against foreclosure consulting companies that charged Minnesota homeowners up to $2,375 to save their homes but failed to provide promised assistance that would help them retain home ownership. More »

MN Senator’s amendment triples foreclosure protection to 9 months for our men and women in uniform returning from active duty service
 
April 10th, 2008 - Washington, D.C. - Senator Norm Coleman today announced final Senate passage of the Foreclosure Prevention Act of 2008, bipartisan legislation that will help address the current housing crisis and also contains a provision Coleman authored to protect returning servicemembers from the threat of foreclosure. More »

Federal money will be used to expand current foreclosure prevention counseling; Marquette Financial Companies adds $500,000 grant ~Saint Paul – With more Minnesota homeowners potentially facing foreclosure this year, Governor Tim Pawlenty today announced that foreclosure prevention counseling in the state will be greatly expanded through a $4.3 million federal grant, the second-largest such grant made to any state. In addition, Marquette Financial Companies is providing the state a $500,000 grant for foreclosure prevention deferred loans. More »

(WCCO) There is good economic news on the housing front. Nationally, home sales rose 2.9 percent from January to February, and in Minnesota, they rose 2 percent. It’s the first real sign real estate may be on the rebound. More »

The number of single-family home sales in Austin increased 7.2 percent in 2007, bucking a nationwide real estate slowdown. More »

Legislators Should Follow Federal Government’s Lead

January 24, 2008 —Leaders of the state’s auto, home-building, and real estate industries, warned of difficult economic conditions and called on Minnesota lawmakers to follow the Federal Government’s lead and focus the upcoming legislative session on the economy. More »