This is a great blog for tracking the challenges Countrywide faces. Countrywide’s REO properties are up three fold so far this year to over 14,000 properties.
The City of Medina, MN posted a one page PDF summary of the 2000 Census for Medina. It’s interesting to see that the average age in Medina is 38 which I believe make Medina a younger community than Plymouth, MN.
I am looking to buy homes in Plymouth, Medina, Maple Grove and St. Louis Park for investment purposes.
If you, or if you know of someone, who is in or near pre-foreclosure and they need help unloading their property, I may be able to help. There are many people who purchased property in the past 2-3 years who are now upside down in their homes. They may be able sell their home in a short sale and avoid foreclosure. For more information about short sales see this post from earlier this month.
I will consider any property that you may have and I have the ability to close quickly.
The Star Tribune published an informative story about the rise in property taxes throughout the metro. Part of the issue has been the legislature has gamed the system of property taxation and now that is starting to unwind.
If you look at your tax statements, you will often see two different numbers. One is an estimate market value and one might be a taxable value or limited value.  Those two numbers are now supposed to be equal by 2009.
During the boom, it was not uncommon to see those values be 10-20% under the true market value of the home. As the tax value gets increased to market value, some homeowners are going to see a substantial hike in their tax bill.
Remember, the government is going to get their first. What ever’s left is yours.
