Jimmy Jam's mansion sold? Only the bankers know

  • Article by: Jim Buchta , Star Tribune
  • Updated: February 6, 2014 - 11:01 PM

Going, going, gone? Maybe.

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fatredneckFeb. 6, 1410:34 PM

You could have a good idea if Bank will accept offer IF this auction bid was above the previous 2 cash offers received - Listing Agent would know that answer.

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jplamp9Feb. 7, 14 5:22 AM

In 2007, buyers bought it for $7 million with a miniscule 2% down payment ($150,000). With such little skin in the game and a home valuation that drops dramatically along with a hodgepodge owner-designed home that needs extensive repairs this outcome is no surprise.

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