Today, Wilen has collaborated with more than 35 of the largest and most sophisticated local, global, public, and private lenders in the sale and valuation of real estate (REO). Our proven systems, data-driven insights, and multidisciplinary approach ensure that every stage of the REO lifecycle is expertly managed—from assignment to sale.
MinnesotaForeclosures.com is a proprietary platform that combines a front-end property marketing solution with a robust back-end management system designed for team collaboration and task orientation. Our full-service platform spans the entire REO lifecycle, including valuation, rehabilitation oversight, marketing, and final disposition.
With 24/7 client support and coordinated execution across every discipline, we streamline operations, reduce complexity, and expedite asset resolution—maximizing recovery for our lending partners. Our commitment to sound, data-backed practices and seamless communication delivers consistent, reliable results from initial engagement through closing.
Wilen brings an unparalleled understanding of property transfer protocols and asset preservation, rooted in a foundation shaped by Mike Wilen’s late father, who led the Hennepin County Sheriff’s Office Civil Division. This legacy informs our ability to navigate complex foreclosure environments with confidence and precision.
Wilen has completed more than 10,000 property valuations and possesses a refined understanding of pricing strategies, especially in distressed and time-sensitive scenarios. During the peak of the market downturn, Mike Wilen forged direct relationships with some of the most sophisticated lenders and servicers in the real estate space—resulting in the successful sale of over 400 bank-owned properties.His entry into the REO network was almost accidental, stemming from a conversation around loan performance metrics—specifically Loss Severity Percentage, a risk metric used to measure lender losses after a loan default and collateral sale. This metric plays a critical role in credit analysis, recovery forecasting, and asset performance evaluation.
With a background in technology, Mike proposed a streamlined method for calculating these values. While not designed as a regulatory tool, he developed a Python-based model that processed key data points including foreclosure trends, crime statistics, property condition, market time, delinquency rates, and comparable sales. This approach enabled rapid, consistent desktop valuations that regularly aligned with formal appraisals and institutional benchmarks—providing a time-saving, data-driven foundation for asset review.
