Your Trusted advisory for safely obtaining BANK OWNED REO's, Short Sale and Conventional properties in the Twin Cities Metro

Making you the Most Informed Consumer is our Mission!!! 

With any real estate transaction, you should be aligned with proven professionals who are looking out for your best interests exclusively. This is especially true with REO properties and Short Sale Transactions.  

However!! Buying an REO or Short Sale property is very different when compared to the conventional purchasing process. If your next purchase will serve as your personal residence or as an investment property, you should be aware of the unique procedures, advantages, disadvantages and criteria involved in such a purchase before waffling through the mixed inventory of  REO and/or Short Sale Properties posted for sale. You likely need to get started with a MN REO TRAINED PROFESSIONAL. (ZERO Commissions necessary from our buyers)

To really understand the current real estate marketplace, we should be classify the residential marketplace into 3 categories: RETAIL, SHORT SALE and REO's (Real Estate Owned). The media throughs all residential real estate into one mixed bag when commenting about market trends and consumers searching the internet with available resources are viewing the inventory from one mixed pool as well. They may all look similar on the internet, some also look the same inside, yet the price spectrum ranges as much as 70% for similar properties. BUYERS say WOW and the consumers focus on price. The abundance of posted inventory for sale becomes very confusing and frustrating to the average consumer and to the un-trained agents. Many posted properties are either un-realistic in price, terms and/or conditions partly because of the sellers equity position. Supply and Demand ratios, pending/sold, and listed versus sold price statistics are all skewed because of the mixed bag of posted inventory available.

From the categories outlined above, BUYERS NEED TO BEWARE!!! There are many properties posted for sale and literally un-attainable. Many listing agents post properties for sale with little knowledge or awareness of bank approvals for a short sale, which lending institutions are associated with the property, the length of time it may take for a response or call to action on a purchase agreement and of course the many other potential lien and/or default issues that may be behind the scenes.

Meanwhile, buyers and agents are out and about looking at many properties that are literally un-attainable for purchase. Buyers get excited about the price on a short sale property, submit a purchase agreement and wait too often, only to hear a variety of reasons/excuses associated with a lack of knowledge, communication and/or experience in the area of REO's or Short Sales. Frustrations set in for the buyers who are not really not in a position to be patient they continue to search without any guidance.

  • Are you ready to start the process under a controlled wealth enhancement system?
  • Are you ready to receive attainable opportunities in your mail box immediately?
  • Are you ready to come to our next Foreclosure/REO/Short Sale Seminar & Super-Tour ?

If you answered yes to any of the above, simply click on your preferred 'Wanted' ad or Call us at the MN REO EXIT: (763) 548-1402

Good Foreclosure Properties Available Finding Good Short Sale Properties

Servicing Homes For Sale in the following:

Zip codes service areas include:

55449, 55434, 55408, 55432, 54001, 54002, 54005, 54006, 54007, 54009, 54015, 54016, 54017, 54020, 54023, 54024, 54025, 54026, 54082, 54810, 54824, 54837, 54853, 54858, 55012, 55013, 55014, 55015, 55016, 55025, 55038, 55042, 55044, 55047, 55068, 55073, 55076, 55077, 55078, 55082, 55084, 55092, 55101, 55102, 55103, 55104, 55105, 55106, 55107, 55108, 55109, 55110, 55111, 55112, 55113, 55114, 55115, 55116, 55117, 55118, 55119, 55120, 55121, 55122, 55123, 55124, 55125, 55126, 55127, 55129, 55150, 55164, 55165, 55166, 55301, 55303, 55304, 55305, 55306, 55311, 55316, 55317, 55318, 55327, 55330, 55331, 55337, 55343, 55344, 55345, 55346, 55347, 55356, 55364, 55369, 55372, 55374, 55376, 55378, 55379, 55391, 55401, 55402, 55403, 55404, 55405, 55406, 55407, 55408, 55409, 55410, 55411, 55412, 55413, 55414, 55415, 55416, 55417, 55418, 55419, 55420, 55421, 55422, 55423, 55424, 55425, 55426, 55427, 55428, 55429, 55430, 55431, 55432, 55433, 55434, 55435, 55436, 55437, 55438, 55439, 55440, 55441, 55442, 55443, 55444, 55445, 55446, 55447, 55448, 55449


Counties serviced include:

(MN) - Hennepin, Ramsey, Dakota, Anoka, Scott, Carver, Washington, Chisago, Isanti, Wright, Sherburne

Thank you for visiting and please remember to bookmark this site,

Minnesota's Foreclosure/REO TEAM

    Real Estate Brokerage: EXIT Realty Executives

Sheldon Berquist & Frank D'Angelo   

VISIT US AT http://www.MNREOEXIT.com

Agents seeking helping in the REO & Short Sale department can link out here

 

__________________________________________________________________________________________________________

Contact Frank D'Angelo, Broker, Sellers Residential Specialist. Licensed Broker in the State of Minnesota at (763) 548 1444 to list your property for sale or to purchase a property in Blaine, Fridley, Spring Lake Park, Coon Rapids, Centennial, Lino Lakes, Ham Lake, Andover, Champlin, Brooklyn Park, Minneapolis, St. Paul metro Minnesota.                           

 Search MLS  We Are Accepting ReferralsMN Relocation PlateVisit our profile to find out more about our services. Call us today at (763) 548 1444. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

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1 Comments on Bank Owned Foreclosures, Short Sale Property Perspective in the Minneapolis and Saint Paul, MN Metro

AUG
27
2008

I have a strong desire to purchase a foreclosure or other residential property.  I plan to profit in real estate in the next couple of years by buying and selling other properties but my present situation (I rent) demands I move soon.  I have a challenge for you... me.  Chapter 7 Bankrupcy in 2001. $20,000 in credit card balances.  All payments up to date, no late payments of any kind in the last five years.  My credit score is around 680.  I have owned two houses in Minneapolis in the past (both mortgages paid on time).  After having returned to the Twin Cities from Orlando in late August last year I went to work in October at both Byerly's (St. Louis Park) and the Courage Center (Golden Valley), both part-time jobs.  My take home pay is $2,000 per month.  I am presently paying $450 per month rent and managing to pay my bills. My ideal goal is wrapping up my debts in a home loan either at the inception or very soon after.  Gentleman, I know I have obstacles but I will overcome them. If you can help in any way, let me know. Thanks.

jerryoberg@hotmail.com

Jerry Berg
9:45am • #1

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Frank D'Angelo REO Broker Commercial & Luxury Homes EXiT Realty Minnesota

Coon Rapids, MN

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EXIT REALTY NEXUS Minneapolis MN

Address: 2143 NORTHDALE BLVD, Minneapolis, MN, 55433

Office Phone: (763) 548-1444

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