North Oaks MN Foreclosures
Remember the recession? It’s not likely many North Oaks homeowners will ever forget it or the home equity they lost. When the job and housing markets crashed, tens of thousands of Minnesota homeowners struggled to pay their bills – including their mortgage payments -- every month. In 2008 alone, 26,000 Minnesota homeowners dealt with foreclosure.
Today, the state’s foreclosure rate is 0.05 percent and only 8 percent of closed sales are foreclosures. This doesn’t mean you won’t be able to find a foreclosure for sale in North Oaks, it only means they aren’t as plentiful as in years past and you’ll need to work a little harder to find one.
North Oaks Foreclosed Homes for Sale
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If you decide to work with the Kris Lindahl Team with Kris Lindahl Real Estate, your job will be significantly easier. Lindahl is the North Oaks area expert on the distressed home purchase process and the go-to agent in North Oaks for underwater homeowners. If there’s a foreclosure in a North Oaks neighborhood, chances are good he knows about it.
Foreclosed homes represent a significant value to first-time homebuyers and those on tight budgets. While the median sales price of a home in the Twin Cities is $228,000, the median sales price of a foreclosed home is only $150,000. When one considers that the median sales price in North Oaks, at this writing, is $584,866, a foreclosure will represent significant savings for the North Oaks homebuyer.
Kris Lindahl Team members receive extensive training in the North Oaks foreclosure process. Please contact us if you have any questions about this aspect of the local real estate market. We’ll be happy to guide you through the process.
NorthOaksRealEstate.com is home to the largest portfolio of foreclosures for sale in the North Oaks. If you don’t see anything that interests you, check back frequently as the site is updated in real time. Or, contact us – we frequently know of homes coming available before they’re placed on the market.
The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Lindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Lindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Lindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
Information deemed reliable but not guaranteed.
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Listing information last updated on May 19th, 2022 at 12:21am CDT.