Minnesota's most expensive Luxury Foreclosure by Joe Niece

Real Estate Agent with REMAX Results

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.  


Stay tuned


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Angela Niece

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