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Hot foreclosures sell quickly! Due to the number of bank owned homes currently on the market, I cannot post all of them. As of March, 2009, there are were over 864 single family homes and now, in June, 2009, there are only 478. Quite a decline in the number of foreclosed homes for sale taking in account the key factors:- Lenders have been trying to work with homeowners to modify their loans and help them stay in their homes rather than foreclose.
- While the lenders are reviewing these loans they have a backlog and maybe less than 50% will qualify for a modification...that could possibly mean that within the next few months a flood of new foreclosures will be coming on the market.
- Buyers are now "fighting over the good deals" and many foreclosures are sold within the first day they hit the market.
Condo foreclosure sales have been extremely strong as well. There are only 114 available in June, 2009 compared to over 2,000 a few months ago!For more information please contact me as soon as possible. Don't hesitate because good deals go fast. 
To get an up to date list of foreclosures available in the areas you're interested in please give me a call at 586-438-3038 or send me an email and I will email you back with all homes that fit your criteria. Remember to be specific in what you are looking for when requesting a list of properties!
I specialize in foreclosed properties and have extensive knowledge in the foreclosure process. I'll be happy to answer all your questions! Note: If you are currently working with an agent and have signed a Buyer's Agent Agreement, I cannot assist you. |
FHA Mortgages - What Are They?
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Buying a HUD goverment owned property is much different than buying a bank owned property. You can go to ABOUT BUYING HUD HOMES for more information.Many people think that HUD properties are in bad shape and may be in depressed areas. This is not the always the case. HUD has houses located all over ... any city, town, or county. ANYONE CAN PURCHASE A HUD HOME, as long as you qualify for a mortgage. Of course, cash offers are acceptable as well. You don't have to use FHA financing if you want to make an offer on a HUD property. You can use any bank or lender you choose! HUD does offer incentives to Buyers who are going to occupy the home and has programs for as little as $100 in a down payment. Here is a link to see all the HUD owned properties available in all Michigan counties. As an approved HUD Registered Broker I have access to all these homes and can assist you in making an offer. Check out the list of foreclosures and then give Dolores Gaskell a call if you'd like to see any of them. You can reach me at 586-438-3038.
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Not only will you be notified by email of all new listings that match your search criteria within our system, but your home search will also be compared against other participating agents' listings within your desired area(s). All new listings added to system that match your criteria will be emailed to you.
Note: My home search form lets you create and save multiple Home Search profiles. You may update these profiles or cancel at anytime.
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