According to the Star Tribune the Twin Cities area and rural Minnesota will be capitalized with twin $5 million loans from the McKnight Foundation for Foreclosure areas.
See the Star Tribune article here
These are the type of stimulus incentives that the economy needs to recover and it couldn’t have come at a better time. All indications in the Twin Cities are that we are seeing the bottom of the market in many area’s for. We have been making many offers on bank REO’s at full price in multiple offer situations and we have not been winning. The cost of poker is going up…