There are some things in life that don't normally go together. Million dollar homes and Minnesota Foreclosures are two of them. There are 26 foreclosure in Minnesota over a million dollars. The one that I am talking about in particular is the one at 1655 Bohns Point Rd in Orono.
Is this a great deal at a cool 5.8 Million dollars. Looks like the last owner tried to sell it for 11.5 Million but had no takers. Not a great thing for TCF. It kind of sucks for TCF that it is a TCF Foreclosure.
It would seem that the bank would have reached out to the previous owner and tried to come up with some solution other then forcing them into a TCF Foreclosure but maybe the seller did not know that they could have done a TCF Short Sale.
It will be interesting to see what it finally sells for. Looks like the Sheriff sale bid was just over 4 million.