Feeding Frenzy Aftermath: Broken Deals Broken lines, broken strings,Broken threads, broken springs,Broken idols, broken heads,People sleeping in broken beds.Ain’t no use jivingAin’t no use jokingEverything is broken. –lyrics, “Everything is Broken” (Bob Dylan) Lo and behold, four to six weeks after some of the wildest bidding wars for foreclosure properties this Spring and early Summer,...Read More
“We Have Some With Ham, Too”One of my favorite Mad Magazine cartoons shows a food stand advertising every kind of burger known to man: ‘Buffalo burgers,’ ‘Chicken burgers,’ Turkey burgers,’ ‘Veggie burgers,’ and on and on. The caption: ‘we have some with ham, too, but we don’t know what to call them.’ In that vein,...Read More
“Not a Foreclosure! Not a Short Sale!” Sellers don’t usually start out proclaiming what they’re not. But this isn’t a usual market. In some Twin Cities neighborhoods, the normal ratio of “traditional” sales relative to lender-mediated sales (foreclosures, short sales) has inverted. Furthermore, many Buyers have come to associate lender-mediated deals with extra risk and...Read More
