A previous post here discussed some of the problems that can occur when a Minnesota resident undertakes a construction project with the help of a builder. Disputes over contracts, acts of professional negligence and issues related to warranties can all lead frustrated homeowners to wonder if they may have legal claims against the construction service providers that have worked on their homes.
Moving into an existing home can be very exciting for a Minneapolis resident, but some people prefer to have new houses built when they must relocate. The process of having a home erected from the ground up can be stressful, but when homeowners work with reliable builders and contractors their concerns can often be kept in check. However, even the simplest building projects can suffer from problems, and when homeowners discover that mistakes were made during the creation of their homes, claims based on construction defects can result.
Our readers may have noticed some interesting trends with regard to how and when homes appear on the real estate market. It may seem like there are rarely homes for sale in the dead of winter, but when the weather begins to warm up more homeowners place "for sale" signs in their front yards. That is because the time of year that a homeowner chooses to offer a property for sale can impact if it will actually sell or not.
An unfortunate number of Minneapolis homeowners lose their properties to foreclosure each year. Foreclosure is a legal process through which a property is taken away from the mortgage payer and returned to the issuer of the mortgage. Foreclosures generally occur when mortgage payers fall behind on their financial obligations and mortgage issuers desire to prevent further losses by reclaiming properties and terminating the mortgages to which they were subject.