Metro Detroit Michigan foreclosures

It is a buyers market in the Metro Detroit Suburbs so banks are having to price Detroit area foreclosures competitively if they want to sell them. There are lots of home deals out there.

Many Michigan foreclosures are in need of repair. You have to remember that if the former homeowner couldn't pay the mortgage they were not going to put money into the house. Many times they let it go and sometimes even trashed it. It is not unusual to have to have the house completely repainted or re-carpeted. That is why some Metro Detroit foreclosures are priced so cheaply.

Stained Carpeting is not unusual Damaged Walls

Missing electrical and plumbing fixtures are common too!!!

Even once in a while there is a beautiful foreclosed home at a great price but it most likely will get multiple offers within 2 days of going on the market. Then I would bet that it will sell at list price or higher. The homes that are trashed will sit on the market and you may even be able to pick them up below the list price.

Search Metro Detroit foreclosures- here are the latest list of bargain homes by city

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