All Forum Posts by: Carl Petterson

Ariana - I'm licensed in WI and MN. I'm also an investor. PM me and we can chat. 

Sorry Ulrich, I agree with Travis.

I encourage you to proceed when the worst-case scenario is still "doable" for you. Many options are good. It may behoove you to save and get into a better neighborhood than to stretch now for North MPLS. Rates may rise, but not that significantly in a year. I find it better to wait for a deal than squeeze into a bad one. 

I would think $28k/W2 with a $130k mortgage is a stretch - are you close to 40% DTI with just the mortgage? You could be land poor in low-appreciating-neighborhood like the North.

Hi, I do this sort of thing. I'll PM you.

I'm an attorney and practice in that area. I also know several other good re attorneys. PM me and we can chat. 

Carl 

John Zydowsky is pretty good too over at Tradition Mortgage. They have a no-cost option which I've used for several clients. 

John Zydowsky

Tradition Mortgage NMLS #286998

952-252-4664 (office)

952-252-4665 (fax)

[email protected]

johnzydowsky.com

NMLS # 369349

Hi Rick - Yes, we call them Letters here too. They will be in the probate file when he pulls a copy. Hennepin has either a supervised or unsupervised probate. Both have PRs appointed via a Letters, but the supervised requires Court approval each step. Unsupervised, the PR simply files a final accounting when complete. DuWayne will know which type when he gets a copy of the file because it'll say. 

When you say the executor has not been finalized, do you mean the personal representative hasn't been named by the court yet? The PR is someone to just sign, transfer, sell, etc. the property to satisfy the debts of the estate and then transfer remaining assets to the beneficiaries. They'll be the party you're working with. If you haven't already, I recommend you gather more facts by pulling a copy of the estate file from probate court. Seeing what else the estate has may benefit you.  

Cake-eaters love their garages. Go with the three car garage. Which neighborhood in Edina is it?