You can search all active foreclosure listings right here at minneapolisstpaullistings.com Foreclosure listings refer to properties that have passed the redemption period and have been taken back by the bank. Sometime bank owned foreclosures are referred to as REO's. These are not as challenging as short sale properties where you could end up waiting 3-4 months for a response from the bank. We sometimes get a response the next day or within 48-72 hours typically. You can still have a typical option period for inspection so that if you need to get out of the deal you can. Foreclosures can represent a good investment, but be sure to know what you are getting into and that you have calculated well the repair costs and performed thorough inspections.
With the number of bank-owned foreclosures dwindling, there aren't always foreclosures available in every neighborhood every day. So, be sure to check back to this site often as new listings will show-up daily. If you can't find what you are looking for, just contact us... we'll do the searching for you and we'll help you avoid the possible $10's of Thousands of dollars in unnecessary expenses when buying a home or investment.
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