Mille Lacs County Bank Owned Homes

Search for bank owned homes in Mille Lacs County.

Search for bank owned homes in Mille Lacs County.

Search All Bank Owned Homes In Mille Lacs County!

Mille Lacs County is often associated with Mille Lacs Lake and other areas “up north”. However, Mille Lacs County is north of Sherburne County and west of Isanti County making it another county were many people commute from to work in the Twin Cities from towns like Princeton and Milaca.

With that over the past few years there have been a lot of bank owned home sales in Mille Lacs County.  The market has improved and bank owned sales have slow down alot.  However, you can still find a good amount of foreclosure deals on Mille Lacs County Properties.

Mille Lacs County Bank Owned Homes Market Update

At the time of this post there are only about 30 active listings that are bank owned homes in Mille Lacs county.  You will also find about the same number of short sale properties in the Mille Lacs County area.  One thing you do find as you head north of the Twin Cities Metro area is the increasing number of foreclosure properties available for under $100k.  Mille Lacs county does feature several bank owned homes for sale around or well below $100k.

There are also several acreage foreclosures in the Princeton and Milaca area.  So if you want a little more space between you and your neighbors check on acreage bank owned properties in Mille Lacs County.

In 2013 there were over 100 closed sales on Mille Lacs County bank owned properties.  Over 60% of those sales were below $100k.  Moving forward in 2014 there are still a high percentage of foreclosure properties for sale in the Mille Lacs County Area for below $100k.

Meaning investment buyer and first time buyers especially will want to continue to invest in Mille Lacs County Real Estate.  To check out your favorite bank owned homes in Mille Lacs County contact Chuck Carstensen with RE/MAX Results at 612-290-3809 or chuck.carstensen@results.net.