Blaming Borrowers for Real Estate Foreclosures
The NY Times has a piece out this week titled Borrowers Refuse to Pay Billions in Home Equity Loans that has some really choice quotes from frustrated lenders. The piece is written from the perspective of lenders who are dealing with extraordinarily high levels of home foreclosures. They’re not happy. Here’s an example quote: “When [...]
What Embezzling Buys in St. Paul
The next time you find yourself wheezing after climbing Ramsey Hill in St. Paul, take a look to the left at Summit and Heather to see that crime pays . . . until it doesn’t. That’s the house that 16 years of embezzlement helped buy for attorney (well, former attorney) Michael Margulies. He put a [...]
Longfellow Community Home Price Comparisons
The Longfellow Community of Minneapolis is made up of four neighborhoods, Hiawatha, Howe, Cooper, and Longfellow (kind of like NY, NY, but Longfellow, Longfellow, Minneapolis). On the heat map below, from Trulia, the four neighborhoods on the inverted pyramid are: Longfellow: Upper left Cooper: Upper Right Howe: Middle Hiawatha: South (near Minnehaha Park). The heat [...]
Assessing a Fee on the 46th & 46th Condos
BIG UPDATE: I misread Steve Brandt’s article about who owns the 46th & 46th property. It turns out that Premier Bank owns a different blighted Longfellow property on Dight near 42nd St. (A block west of Minnehaha Ave.) I believe it would be considered Phase II of the 42nd St Lofts. 46th & 46th has [...]
Faces of Snipe 2b: 651-317-9699
The Freets made good on his promise to, “make sure they are compliant with the law by removing the sign on my way home today.” The sign is up. And now it’s gone. And stuffed into the back of a car. The Freets does clean work. It makes me wonder what other types of things [...]
Faces of Snipe 2a: 651-317-9699 Continued
Looks like Colleen and Paula are still spamming the streets of St. Paul with their illegal real estate signs. This one was sent in by Matt Wells, who spotted it near Randolph and Albert. My guess is that people who live near The Nook don’t want real estate spammers posting signs for anonymous businesses in [...]
Faces of Snipe 2: Colleen and Paula at 651-317-9699
My dad dropped off this sign at my house after he removed it from a boulevard in St. Paul. For future reference, I don’t need the signs. A photo is fine. This let to an interesting phone encounter. Before calling, I searched for the phone number online. What did I find? Nothing. There were no [...]
Faces of Snipe: Jesse Olson of Bell Home Realty
I have an idea for a new series here on The Deets: Faces of Snipe. Identifying the people who litter in our communities by placing illegal advertisements for things like “We Buy Houses” or dating services. I’ll kick it off with this snipe ad that was nailed to a pole outside the Riverview Cafe and [...]
What Your MGM Liquor Warehouse Purchases Purchased
This amazing house on Gray’s Bay in Wayzata (16500 Grays Bay Blvd) is proof that Twin Cities residents like to drink. Why? Because the CEO of MGM Liquor owns it. It’s currently on the market for $2,895,000. 500 feet of Lake Minnetonka lakeshore, a pool, party room, and an incredible wine cellar (of course). Five [...]
Absentee Owner Issues: The Data Challenge
Slumlords have an information advantage over people who give a crap about their community. For example, the Hennepin County property website provides information on individual properties, but doesn’t allow people to cross-reference by owner. Once a problem property is identified, it would be valuable to be able to cross reference other properties owned by the [...]
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