Twin Cities Real Estate Blog

A while back we released the 2nd Quarter Foreclosure (REO) & Short Sales Report, which not only debuted another revision to the methodology that decreased the counts of foreclosures and short sales significantly, but also showed positive trends in this market segment.  Good signs included:

New Lender Mediated listing activity has remained steady over the last [...]

I try to behave myself, I try to keep my emotions tempered so that my opinions can be read and understood without coming off so harsh that people click away before they finish reading.  Well today I just don’t care.  This is a list (though not comprehensive) of the reasons that I’m sick and tired [...]

This past week I’ve been in many different foreclosures with my clients.  Some bank owned homes are in turn-key (aka mint) condition and are wonderful.  Others are…. how do I say this…. crap.  Many are simple run down and need repairs, cleaning and updating.  Many more though are safety hazards in their current form.  I’ve [...]

Today I am pleased to announce the release of the Foreclosures and Short Sales in the Twin Cities Housing Market: Q4 2008 Update.  This is the 4th installment of quarterly reporting of lender mediated sales and their impact in the Greater Minneapolis/St. Paul area, which I co-author with the musically, intellectually, politically and statistically talented Jeff Allen.  2008 reports from quarters [...]

I often get questions on where to find information on foreclosure properties in the Minneapolis/St. Paul area.  Here are a few free resources that you can refer to:
Hennepin County Foreclosures
Dakota County Foreclosures
Search Foreclosures and Short Sales currently for sale
Unfortunately the other counties have not become user-friendly enough to post their sheriff sales onlines… I really [...]

The RMLS of Minnesota, which is the governing body of the MLS in the Twin Cities and is owned by the 4 local REALTOR associations, has made some policy changes in regards to the reporting of foreclosures on the MLS, effective on Thursday:

The “In Foreclosure/Lender Owned?” field:

Initially will be an agent-only field (not available on [...]

I took a few hours Sunday to review short sale and foreclosure sales in Plymouth and Maple Grove during the last 10 months and found some interesting information.  Before I explain what I found, I want to explain what I looked at:

Homes that were clearly a short sale OR a foreclosed, bank owned home.  This [...]