The Dirty Truth About Foreclosures

Angry_bunny_4 Think you want to save money by purchasing a foreclosed home?  Prepare yourself for a long frustrating process.  These homes are often winterized, so you’ll have to arrange for the heat and water to be turned back on before you’ll be able to inspect their condition.  So they won’t show anywhere as nice as a lived in home being sold by a real person.

But they’ll be priced really well, right?  Maybe, maybe not.  Banks don’t price homes for what they’ll sell for in this market, in this condition, and with this marketing strategy.  They look at how much they’re in it for and start there.  If the bank is out $250,000 but the house is worth $125,000, I guarantee you that they aren’t going to sell it for $125,000.  But feel free to write an offer.  After four weeks, they might get back to you.

Be prepared!  They may or may not close on the scheduled closing date.  And even if closing goes through, they’ll send the final paperwork to be reviewed before they sign it and hand over the keys.  That can take hours, or days.  And you’ll be paying interest on your new mortgage that whole time.

And "short sales" are even worse.  In a short sale, the seller is negotiating with the bank.  So as a buyer, you have no one deal with.  You just sit and wait. 

And the real dirty truth is that a small minority of the folks in foreclosure are doing it on purpose.  It’s not that they can’t pay their mortgage, it’s that they can’t sell their house for what they owe.  So they stop paying until the bank takes over their problem.  They won’t be able to buy a new home after they ruin their credit, but they can rent.  Or in some cases, they buy the new house first, and then stop paying on the old house.

GRRRRRR!!!!!

Hockey Player Sinks!

Well not yet…but it’s only a matter of time before the right winger in this photo melts into Minnehaha Creek and then shoots over the falls and down to the Mississippi.  Of course, NHL hockey season will continue on into the summer.  I prefer nature’s rules:  When the ice melts…the season’s over!

Hockey_2

Two Winter Poems

Winter Poem by Anonymous

It’s winter in Wisconsin & the gentle breezes blow,
seventy miles an hour at 35 below.

Oh, how I love Wisconsin, where the snow’s up to your butt,
& you take a breath of winter & your nose gets frozen shut.

Yes, the weather here is wonderful so I guess I’ll hang around.
I could never leave Wisconsin cuz I’m frozen to the ground.

Windowfrost
Winter Haiku by George Trudeau

Old Man Winter knocks,
etching icy window ferns.
Tropical dream blooms.

Preventing Ice Dams

How do ice dams occur?  They start when attic heat melts the snow next to the roofing.  The water then flows to the eaves, where it freezes and forms the ice dam.  As the process continues, the water/ice backs up under the roofing, causing damage.  Ice dams are common on houses with moderate roof slopes, limited insulation, and little ventilation.

Ice dams do not occur on unheated buildings, so the idea is to have a cold roof.  How to do this?  Make sure you have adequate ceiling and/or roof insulation and air flow in and out of the attic.

Insulation:  Ceiling or roof insulation of R-38 or more is the best.  Any gaps in the ceiling around wires, pipes, chimneys, etc. should be sealed before insulating.

Ventilation:  Most attics need about a square inch of ventilation for each square foot of ceiling, and vent areas should be placed low and high.  Plastic or cardboard air chutes can be installed between rafters near the soffit to prevent the insulation from blocking the air flow.

Temporary and Emergency Measures:  You can remove the snow with a "roof rake."  Don’t chop the ice or use a torch to get rid of the snow, you could damage the roof.  You can also use water from a garden hose or heater cables to make channels through the ice dam.

Of course, see your contractor for more detailed information and make sure you educate yourself before tackling any of these to avoid damaging your roof.  With snow and ice melting and refreezing this time of year, it’s a good idea to check it out!

Thanks to Inspeca-Homes, St. Paul.

Super Target or Neighborhood Store?

Target_carts_2 I admit it!  I was looking forward to the convenience of having a Super Target near by.  I was driving to Target and Rainbow every week anyway.  I might as well cut down on the mileage.

However, the new Super Target has been nothing but a disappointment.  It’s the most poorly run Target I’ve seen.  The don’t carry all the products that other Target’s carry, and they’re out of stock for half the items they do carry.  Every time I go, I leave more frustrated.

Then my friend said, "Why are you surprised?  It’s not a grocery store.  It’s a convenience store." 

Huh?  No it’s not.  They have lot’s of great stuff.  Right?  Well maybe not.  Now every time I go, I compare it to a convenience store.  He’s right.  It’s just bigger.  They have some food, but not everything you need.  They have some clothes, but not everything you need.  They have car supplies and sporting goods, but only the very basics.  And they have every possible salty or sweet snack that you don’t need in abundance.  It’s a convenience store.

Only it’s way more convenient to go to Oxendale’s. 

Sorry neighborhood stores.  I strayed.  But I’m back now.  I’ll leave my trips to Target for when I need cheap soda for a party.  If they have it in stock!

I Finally Made it to Buster’s on 28th

When the restoration of the Lake Inn was done, I was pleased to see a new bar with big windows.  I have a thing about dark bars with no windows–even in the door.  It means you have to walk in with no preview of what might be inside.  I figure there’s a better than fifty percent chance that a record will screech to a stop and a bunch of scary guys will stop their conversations and look at me.  Then one will threaten, "We don’t take kindly to strangers around here!"

With the new windows, I’ve been eager to step in.  I finally got the chance on Saturday, as my parents were watching the wee one for my birthday. 

I had previewed the menu on their website:  www.busterson28th.com.  I was eager to sample from their extensive list of fancy beers, but I was a little disappointed with their vegetarian selection.  They have a couple items, but no veggie burger.  And if I’m going to a bar for beers, chances are that’s what I’ll want to order. Fortunately, they were still serving the new brunch menu, which gave me several options (I went for the egg and cheese sandwich on a Baker’s Wife croissant).  Very decent sandwich, and very good breakfast potatoes.  The meat eaters were just as pleased.  The fish and chips got a big thumbs up.Busters

The server was very knowledgeable about the beer list and offered to bring a sample of anything I was considering.  I tried the Arcadia London Porter on a recommendation from a client (Nick).  He was right, very good.

I won’t be able to go back as often as I’d like, but I look forward to showing it off to some out of town friends next time they visit.  I told my friend Jeni that I was going to blog about it, but she didn’t believe me that I have a blog.  I captured her enjoying an Ace Pear Cider to prove her wrong.  Smile Jeni!

A Baker’s Wife Scores Again!

Wow.  I ordered thanksgiving pies from A Baker’s Wife this Thanksgiving.  Everyone knows how I feel about their pear tart, but can the pie stack up to home made?

I ordered two:  a pumpkin and a cherry.  Honestly, the pumpkin pie was a disappointment.  My mom’s is light years better.  She makes it from scratch, starting by cooking a former Halloween jack-o-lantern.  This pie only barely surpassed cafeteria food.

The cherry, however, was the best I’ve ever had.  In interest of full disclosure, you should know that I don’t like cherry pie.  Or I didn’t.  If it’s your favorite, be prepared that this one taste different.  It looks as normal as any fruit pie…here let me serve up a piece to photograph…oops I dropped a bit on the counter…let me just scoop that up an…slurp…oh no…scarf slurp…can’t…stop…burp!

Uh..well here’s the photo:Empty_plate

As you can see.  I like cherry pie now.  Don’t wait until next Thanksgiving to try it yourself!

Fall Maintenance Tips

Here are a few things to do outside before it gets TOO cold:

1. Clear the gutters.

2.  Make sure the gutter extensions are attached securely and taking water a good distance away from the house.

3.  Make sure the grading around the house is sufficient.  Fill in low areas and make sure it’s slanted well to carry water away from the house.

4.  Look for gaps around windows and doors where water or air could get through, especially at the top.  Caulk those areas.  This will save on heating bills!

5.  Check the chimney for loose bricks, gaps in the mortar, or other damage.  Use binoculars!

6.  Trim branches of trees growing near the roof.  This will not only keep them from rubbing on the shingles, but will help keep animals off or nesting in your chimney.

7.  Clean leaves and other debris from around the air conditioner.  Turn the power off.  Don’t fully cover it so rodents can’t make a nest there.

8.  Check garage doors for good fit and operation.  Lubricate if needed.  Adjust auto reverse if needed.

9.  Check the caulking around pipes, vents, and other wall openings.  Check the dryer vent to make sure it’s not blocked and the outside flap is working.

10. Clean out window wells.  Consider adding covers for water control.