Looking for a Foreclosed Property in the Twin Cities Area?

The unfortunate growth of foreclosures and short sales (i.e., lender-mediated properties) has had substantial effects on the Twin Cities housing market.

Foreclosures are properties in which the financial institution has repossessed the home from the owner due to nonpayment of mortgage obligations. Short sales are unique arrangements where the financial institution and in-default homeowner work together in an attempt to sell the home before it is foreclosed upon.

This lender-mediated activity has significantly different effects than traditional real estate because a lender is intimately involved in the transaction—either by acting as the current owner/seller in the case of a foreclosure or as a less-direct intermediary with approval powers in the case of a short sale.

- Information Courtesy of the Minneapolis Area Association of Realtors

If you are considering the purchase of a foreclosed, allow us to help guide you through these often troubled waters. We have experience assisting others in purchasing foreclosed homes. Now click on a price range at the top of this page to take a look at foreclosed homes in the Twin Cities area. To further sort, click on one of the criteria at the top of the listings page.