Friday 6/25/2008 2:17PM Well, there is a new way to take money out of your house via a no payment home-equity product.  Oh there is a catch alright in that you trade away part of your home's future appreciation.  Say your house is paid for and worth $250,000; you might get $35,000 and they get the rights to 50% of an increase in value.  There are stiff penalties if you sell sooner than agreed to.  If the value falls they take part of the loss with you.  Closing costs are high.  The websites are provided for informational purposes only and in no way does Edina Realty or myself endorse the idea.
www.rexagreement.com www.equitykey.com  www.granderfinancial.com

One wife, and me off to Anna Maria Island.

Your real estate resource,

M. Joel

http://joelsongstad.blogspot.com/ is my blog - stop by . .
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http://www.youtube.com/watch?v=mpglq_rgnMo is the link to a youtube video of my son and his dog in Iraq.  It was filmed early in 2006 just before getting out of Iraq after 14 months of service.

Contact me at  joelsongstad@edinarealty.com 
or my cell at 612-597-1646.

Bloomington What a Yard is a one owner rambler with a 3 season porch and gas fireplace $194,9 - photos to left - 

Coon Rapids Home Business is on a high visibilty street with private entrance to a nice space- photos to left - Closed 6/11/08 $179,5

South Mpls Rennovated 2 story for $264,9 is a bargain - photos to the left - Pending

So. Mpls Light Rail in Longfellow neighborhood - walk to the Mississippi River.  4br/3baths/2car garage $224,9 

Golden Valley Custom Home photos to the left - click button  $269,900 - Open House Sunday, 7/6, 2:30 - 4:30 pm

Richfield Classic photos to the left - click button $214,900 Closed 6/02/08 $200,000