I had some misgivings about the title for this post. It sort of sound like one of those infomercials that you see on late-night TV. You know, the ones with the guy leaning against a Lamborghini and parked in front of a muti-acre ocean front estate. While it is not true that you can buy MN luxury homes for pennies on the dollar, or get financing with no cash or credit, you can find some excellent values that are already priced right.
Normally, on this site I define luxury homes as anything over $1M, but there are a few in the above link that might be normally priced in the $1M+ range, but now fall under that price point. I decided to include everything in foreclosure status listed over $500K. Does this mean you will be able to buy all of them for half of their value? Probably not. However, you still may be able to save enormous amounts of money on one of these executive beauties, so I think it is safe to call them “cheap MN luxury homes.” Surprisingly, the great majority of all of them are in excellent shape, some of them are on prime Minnesota lakeshore, and are held by lenders that are willing to negotiate. This may be the chance of a lifetime to own that parcel of Lake Minnetonka real estate, or your year-round home on Gull Lake in the Brainerd lakes area. Choices range from a few dozen acres of subdivide-able lake front to 8,000 Deephaven MN luxury homes with prime MN lakefront on MN. Act now, and you might be able to find a gem of a home with a few hundred feet of lakeshore on Lake Superior near Two Harbors or Tofte.
BTW.. Jumbo loans are getting easier to obtain, and cash works well too. Call us for inside information Minnesota luxury home foreclosures.