Steve Jecha's (stevejecha) Blog

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Real Estate Sales Representative - Coldwell Banker Burnet
RECENT BLOG POSTS
It looks like things are hitting a bottom. Banks are tired, prices have dropped precipitously. I work with investors and also with banks on foreclosure properties. Here are just a few of the recent deals that have come up: 1311 Wagon Wheel Road, Hopkins, MN - A townhouse located in Minneapolis' s...
04/15/2009
Several days ago I blogged that the next thing on the Obama Administrations plate was to deal with the foreclosure situation. I was extremely concerned that 'free money' was going to be given away to attempt to stem foreclosures - from people who had no intentions of paying back their mortgages ...
02/19/2009
The Twin Cities Metro has seen the real estate bubble burst in many areas. Reviewing stats from the Minneapolis Area Association of Realtors, it shows what areas have been hardest hit by this tsunami. Here some stats for you to chew on: 10 Twin Cities areas where foreclosure and short sale listin...
02/18/2009
A recent study by Economy.com states that the housing cycle should hit the 'bottom' later this year. In many parts of the country, and localized in certain areas of the Twin Cities, home prices have dropped by over 32% from the peak in the first quarter of 2006. Think we have had it bad here in t...
02/17/2009
With the recent stimulus bill just about inked, the new administration and Congress will begin focusing on a 'housing bailout'. My personal opinion is that a housing bailout done from Washington will be out of touch with what is really going on. Here is what is being bandied about: working with b...
02/16/2009
Hard to know exactly what it means....most of our congressmen/women didn't read the bill, so they aren't the ones to ask! Here is my take on the bill: 1) Loan limits will be raised in high cost areas. Conforming loan limits are the same despite where you buy your home. Adjustments will be made to...
02/16/2009
Here is my listings hot sheet for current foreclosure properties in Saint Louis Park, MN. If one of them interests you I can send you the full MLS Listing sheet via email. 7316 W 22ND STREET UNIT 308 ST LOUIS PARK  MN  55426  $56,900.00 3964-3966 XENWOOD ST LOUIS PARK  MN  55426  $137,000.00 3040...
02/16/2009
Buyers Wanted! Yes, I have been posting that there are some fantastic opportunties in the Twin Cities metro area right now. Here are just a few listings to wet your appetite! Kingfield, Powderhorn, Fulton, East Harriet, Linden Hills, Lynnhurst Neighborhoods....... 6136 3RD AVENUE SOUTH MINNEAPOLI...
02/16/2009
I hear it every day, "How can my property taxes be going up when my home price has dropped 20% in the last year?" Well....you have to protest your property tax because the government usually likes their assessments and they aren't going to do anything unless you are a squeeky wheel. But, what I h...
02/16/2009
They are all over the place and banks are dealing. For investors with cash or the ability to get conventional or hard money loans, some serious opportunities exist. Here is one example of a fantastic opportunity for an investor. Three condominiums in a converted five-plex are available. Currently...
02/16/2009
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Steve Jecha

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smartphone(612) 619-0247
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