Did you happen to see the movie, ‘Where the Wild Things Are?’ I didn’t, my daughter watched 5 minutes and decided it was just too scary. Well, somewhat like the Wild Things, the real estate market can look scary if you aren’t watching the big picture. In this case, investors are getting some great deals on foreclosed real estate in Minnesota. Will there be a happy ending for those who are in position to purchase investment property now and take advantage of the lower market prices and expand their own investment property kingdoms?
If you want to be a self appointed ‘King’, like in the movie, take a look at the blog post by Rob Bonahoom of Cornerstone Mortgage Company. In his post, Rob reviews what is causing the next wave of foreclosed homes, and with information from Minnesota Home Ownership Center, shares the map with the hot spots that Minnesota Home Ownership Center feels will be popping up with even more foreclosed homes. Click here to read Rob’s article.
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