Archive | November, 2008

Minnesota Foreclosures

Minnesota Foreclosures

There is a growing opportunity in foreclosed homes in MN and repossessions, including Hennepin County property. Obviously the number of foreclosed homes in MN has been a major problem and the trend is expected to continue for some time. Depending on your circumstances, this fact can result in overwhelming hardship or – it can be the opportunity of a lifetime.

Even though we all experience compassion for those going through difficult times it is also true that economic downturns also create some amazing opportunities for those who put themselves in the right place at the right time – sometimes in a huge way. We can take advantage of the financial opportunities out there (it would be irresponsible not to), and still have compassion and be pro-active in helping members of our community who need it.

For now it is worth pointing out that the number of foreclosed homes in MN and Hennepin County property in particular are quite substantial and this will most certainly result in some buyers picking up some real steals.

If you are contemplating a property purchase in the future, in addition to searching the mls online mn listings, I suggest you also at least look here into foreclosed homes in MN. There are la few services and websites which promise to provide access to this information but unfortunately most promise a great deal and deliver much less and are generally quite expensive. That is why a little research beforehand in this regard can save you a lot of aggravation, time and money. By all means have a look at what is out there, but I am quite confident you will end up here.

Depending on your timing you may be shocked at what you can get and where. It is not just “bad” neighborhoods which are suffering the rash of foreclosures in Minnesota (as well as throughout the country) but every price range of home is being affected. And with the huge inventory of foreclosed homes in MN banks are finding themselves holding, opportunities arise where some of this inventory is being cleared at bargain basement prices.


Other stories

Minnesota repo cars for sale

Minnesota repo cars for sale

If you are even considering buying a car in the next year, you owe it to yourself to look at Minnesota repo cars for sale. The site I highlighted in the previous article still offers the most complete over all information obtainable for all types of repossessed property. From House foreclosures to electronic scanners and everything in between. But if you are just looking for a car (or truck), then here is another great website which specializes in cars, trucks and SUV’s.

At times these go for up to up to 95% off of Book value. Offering immediate access to more than 4000 updated auctions across the country, this membership is a hugely valuable resource for anyone who is planning on buying a car or truck in the future. You may have to observe the listings for awhile until you run across exactly what you are waiting for, but it could save you LOTS. A one time participation fee gains you  access to a wealth of information, much of it not searchable elsewhere on the internet.

Just as in my favorite all-round sale site which I have already told you about, the vehicles offered for sale on this site come from a variety of sources. The usual sources – drug raids, bank & lender repossessions as well as government surplus vehicles which routinely get rotated out for newer models. Sometime after only a couple of years. Many with full service histories. Some really exceptional vehicles very very cheap if you hit it right.

They do offer some information on other types of auctions:

government surplus property
personal repossessed property
boats and watercraft property
but their main virtue (in my humble opinion) is in vehicles. Not only Minnesota repo cars for sale, but actually info from all across the country. So it may very well be worth it to drive to a surrounding state if you see something really special.

If you are searching for anything other than vehicles, I would still recommend the site showcased in the previous article (Hennepin County property).

But for cars and trucks this is it!!

They did recently have a special price on memberships at right around 40 bucks. If not it should be around fifty which, if you plan to buy a car in the next year, will be the best money you ever spent.

To add the “no-brainer” factor to it, they have a 30 day money back guarantee.

 

(Although I believe in the services I recommend, it is important that you know – if you purchase any products from the link above, I will make a commission.  Although I would prefer to use it as beer money, I am afraid it will have to go toward maintaining this site and continually updating the information and recommendations therein).

Any comments or suggestions, please send to me at: info@minnesotarepossessions.com

US banks tighten grip on lending

The Federal Reserve said banks have pulled back on lending to consumers and businesses in a big way over the past three months, as demand for credit also dwindled

Goldman fund loses $990m after 10 months

One of Goldman Sachs’s flagship hedge funds, run by two of the Wall Street bank’s most talented traders, has lost close to $1bn since its launch in January in further evidence of the crisis facing the industry


Kelley Blue Book Used Vehicle Prices

MN auction inventories

What are you looking for?

We can probably point you in the right direction.
MN used trucks and cars