All Forum Posts by: Erin Walt

My fiancé has allowed his house to go into foreclosure. Long story short, his loan was a nightmare and he was completely upside down on it (yes, even in this market). That said, the decision was to walk away and we’ve moved on.

It is currently in the redemption period, sheriff’s sale has already occurred. He is getting all sorts of phone calls and letters about how people can help him get rid of this problem. One person that he has talked with has seen the inside of the house, offered $10k for him to sign over the deed, and claims that he assumes the mortgage and takes care of the debt. He didn’t even ask how much the loan was before making this offer. The balance is about $245k, and retail market value is maybe $215k. As you can imagine, this sounds too good to be true. Scam? Check it out further, or run away? What’s this guy’s angle?

I have a property that I am considering converting to and getting rezoned as a duplex. The house has radiator heating, and this of course would not be split amongst the two units. The thermostat is firmly located in the living space of one unit, which means the second unit would not have control of or access to their heat source. I suspect this would be a problem - how have others handled it? I see many duplexes with shared fuel. Is there a thermostat that could have a main hub, but then a secondary sensor/control that is perhaps wireless and could be put in the second unit? I've tried searching for such a product with no luck. Thoughts? Recommendations?

Natalie and John - Thank you so much for your replies!! That definitely settles it for me. I appreciate your swift and clear responses and your willingness to help!

I am in MN, wrapping up the completion of the Real Estate Prelicense Course 1. In this course, I learned that I can take the license exam after just completing Course 1. I understand that in order to apply for and obtain my license, I need to complete Course 2 & 3 as well. However, would it make sense to take my exam now and then complete the next two courses? Perhaps that way I can focus on the material from this first course and not bog myself down with additional information from the other two courses that won't be on the exam itself? Am I understanding this correctly?