A Minnesota painting contractor with four houses in foreclosure

The Minneapolis Star Tribune tells the amazing story of a painting contractor, living with his wife and three children in a trailer park, who three years ago managed to buy four homes worth $1.2 million. He was hoping to flip the homes and get rich off the appreciation. Instead, the real estate market collapsed and his investment properties sank into foreclosure.

The story is part of a series that started April 20 about the unraveling of the investor-heavy Wright County real estate market.

Comments

Leave a Reply

Name (required)

Email Address(required)

Website

Enter the following characters/numbers into the box below, please!

• Recently Written

  • Finally, a foreclosure settlement (Maybe)
  • Mortgage rates hit another new low
  • Obama proposes new home loan refinancing plan
  • Don’t rush into REITs
  • Home prices post steep decline
  • Obama expands foreclosure prevention program
  • New-home sales hit a record low
  • Foreclosures made up 20% of home sales in 3Q
  • Romney’s real estate deals
  • Mortgage crimes are focus of new task force

• Categories

  • News
  • Sell House

• Archives

  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007

• Admin

  • Login
  • WordPress
  • XHTML

• 
  

• About

  This is an area on your website where you can add text. This will serve as an informative location on your website, where you can talk about your site.

• Blogroll

  • Find Green Home - Find Green Home
  • Florida Virtual Houses - Florida Virtual Houses
  • Green Home Network - Green Home Network
  • Ontario Houses for Sale
  • Real-Estate Social Network
  • Virtual Open Houses