The Bank As Seller.
April 28, 2010
As I’ve noted in previous posts… this market has not produced a large number of bank-owned lakeshore property buying opportunities. The “Must Sell Now” link on the right side bar will reveal a relatively small group of 15 bank-owned lake frontage listings.
That’s not the case with non-lakeshore listings. The current list of lender-owned non-lakeshore real estate offerings contains 52 total properties all within the greater Northeastern Minnesota region. Here are a few within the group that caught my eye: 1) attractive 3 BR home on 5+ acres in the Makinen area offered at $194,900 2) decent looking 2 BR home in the City of Ely priced at $85,000 3) interesting 4 BR country home on 20+ acres with views overlooking Lake Vermilion at $249,900 4) rare and nearly new log-sided cabin on 40 acres in the Superior National Forest priced at $99,000.
The total group is priced from $19,900 to $249,900 and you can view it here.