Foreclosures in Woodbury MN Not Slowing Down Anytime Soon

Real Estate Agent

If you're thinking of buying a foreclosure in Woodbury, MN or surrounding areas, it seems you'll have your pick for a while.

According to a an insightful article on CNBC about foreclosure delays across the nation, while the rate of foreclosures is the lowest it's been in over 3.5 years, that's probably only because the banks have been slow in bringing all owners in default through the actual foreclosure process.

Diana Olick of CNBC even interviewed the CEO of RealtyTrac, a company that closely monitors foreclosures throughout the nation, and he said it might take some loans 3-4 years to move through the foreclosure process!

So, if you are thinking of buying a foreclosure in Woodbury, Minnesota, or any of the surrounding parts the Twin Cities, you can count on some interesting choices.

And if you need to sell your home, you might also want to keep this national static in mind as you speak with a local Realtor who REALLY knows the market, and make sure they have a good Marketing Plan ready to sell your home!

Comments (2)

Sarasota & Manatee Counties FL
SaraMana Properties - - Bradenton, FL - Listings In Paradise

Not in Woodbury, MN, nor anywhere else in the country (except D.C. -- "business" is booming there) . . .

May 12, 2011 06:37 PM
Olympus Executive Realty Inc.
Olympus Executive Realty INC. - Orlando, FL
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Jun 22, 2011 04:28 PM