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Have a stellar day,
Cody Anderson, MN Licensed Broker
Metropolitan Home Team
Free search at: http://www.cody.searchforminneapolishomes.com/
Mike is right this is very rare in Minnesota. I don't know too many investors that want to pay cash for a property they have no control over for the next 6 month's. Just too many variables in play, and with that amount of money you have a lot more options I think would be optimal.
But hey if you have that type of buying power I am sure you got it down. I do work with investors, so if you ever want to chat real estate let me know!
The first question you need to ask yourself is.... are you willing to pay nearly half a million dollars for a property that you may or may not be able to see before you bid? The next questions is... Do you understand that if somebody lives there now, they could remain living in the home for a period of six months AFTER you acquire the property and they can do that rent free while causing damage to YOUR property?
There are many risks pertaining to buying a home at a sheriff's sale, which is why there aren't numerous investors at such sales.
My recommendation to you is to call me if you want to purchase this home. I know of a number of ways to minimize your risks. You'll have to act quickly, but there are better ways to acquire this property.