http://www.minnesotareobuyers.com Online Community For People Interested in REO and Foreclosure Properties in the Twin Cities Sun, 08 Mar 2009 17:34:27 +0000 http://backend.userland.com/rss092 en Do your due diligence when making an offer on a bank owned property. Everything should be taken care of by your agent, bank and title company. Sometimes you never know, somethings might fall through the cracks. Here are a few things to check on Get a property inspection, enough said. Make sure ... http://www.minnesotareobuyers.com/2008/11/buyers-due-diligence-when-buying-a-bank-owned-foreclosure/ Foreclosures and short sales in the Twin Cities accounted for 34.1% of the closed transactions in quarter three according to a report published by the Minneapolis Association of Realtors. Lenders are seemingly discounting properties at steep prices to get rid of them and thus dragging down prices even further. The foreclosures and ... http://www.minnesotareobuyers.com/2008/10/foreclosures-and-short-sales-in-the-twin-cities-update/ Back again is another lender foreclosure auction on November 15th & 16th at the Minneapolis Convention Center. Public open houses are on 12pm -4pm on Novermber 1st, 8th and 9th. Bring your inspectors for your pre-inspections because once the gavel drops, it's official! Don't know where the convention center ... http://www.minnesotareobuyers.com/2008/10/lender-foreclosure-auction-coming-back-to-minneapolis-november-15-16/ That is the question...Look, I hear people asking all the time "will the market get better for buyers" my answer is NO! Most people who are looking to buy a house are doing it for need not just an investment. Whether you are first time home buyers and throwing that ... http://www.minnesotareobuyers.com/2008/10/to-buy-or-not-to-buy/ Now available on this site is a new foreclosure search that allows you to search foreclosures. I have gone through and created links to individual cities for a hyper local search or you can start your own REO search. What makes this so good is the optimized map search that ... http://www.minnesotareobuyers.com/2008/10/search-bank-foreclosures-now-available/ For whatever it is worth, below is a list of links to find history on homes  or bank foreclosures that sold straight from Sheriff's office. You won't find any information of upcoming sales, Minnesota State law requires the attorney's office who represent the lender in the foreclosure proceedings must publish ... http://www.minnesotareobuyers.com/2008/10/what-did-it-sell-for-at-the-sherrifs-sale/ Photo Credit You here some people talk about HUD homes, just like REO properties these are homes that have been foreclosed on and are listed for sale.  Except the home is not owned by the lender, it is controlled by HUD. Sometimes the Department of Housing and Urban Development takes control of ... http://www.minnesotareobuyers.com/2008/10/find-hud-homes-in-minnesota/ Photo Credit Who is the mortgage with One of the first things I hear from people when looking into a REO or foreclosure property is who has the current mortgage. Being, what lender has the mortgage. I think most people think they might get a better deal if they know ... http://www.minnesotareobuyers.com/2008/10/finding-mortgage-information/ If looking for New construction insure your builder is financially secure. I have heard on more than one occasion where people buying new construction have been burned on work liens, not enough money to finish the job etc. Do your home work and check in to the builder before you ... http://www.minnesotareobuyers.com/2008/10/builders-and-bankruptcy/ Photo Credit With so many REO properties on the market, it can sometimes be a difficult task to figure out if the property is a solid buy. Different areas around the Twin Cities have higher concentrated pockets of foreclosures. One of the first things involved in purchasing a REO property is knowing ... http://www.minnesotareobuyers.com/2008/10/know-the-market-of-reo-and-foreclosures/