Real Estate. Economics. Business
There were 24 pre-foreclosure Notices of Default issued for property owners in Plymouth, MN for the month of November. All the properties seem to be in a fairly tight range in the $200-$300k range.
Visit Plymouth Bank Owned to request this list or to be notified of other pre-foreclosures in Plymouth, MN.
CNNMoney is reporting that more people are deciding to fix up their homes and stay instead of trying to move up. They are doing so because they can’t afford to move – either due in part to the overall transaction costs as well as their loss of equity on their current home.
October 2008 saw an 8.7% increase in home remodeling expenditures compared to September.
The New York Times recently published an excellent article for those considering buying bank owned property. Tara Siegel Bernard of the New York Times is to be commended for writing a thorough and straight forward piece on the pros and cons of buying bank owned homes. She also briefly touches on the challenges with short sales.
Thanks Tara!
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