$180,503 EMV

Get the Preforeclosure Address

Cree Ct
Tecumseh, MI 49286

Overview

This Preforeclosure is located at Cree Ct, Tecumseh, MI 49286. This property is currently in auction with an estimated market value of $180,503.
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Status: Active
Listing ID: 63492537
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Learn about Cree Ct in Tecumseh, MI

This property is available as a preforeclosure at Cree Ct. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Tecumseh, specifically for Cree Ct and comparable listings. Based on this expert analysis, the estimated market value is $180,503. If purchased for rental purposes, the monthly rental rate could range between $760 and $1,020, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Cree Ct are updated daily along with others in Tecumseh, Michigan, ensuring you have the most current and accurate information. Since this property is a preforeclosure, be sure to check out our Foreclosure Timeline for Cree Ct below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Cree Ct in Tecumseh Michigan Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Cree Ct
View Preforeclosure Status
05/05/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

This Property Has An Auction

Get up-to-date information and real-time property status updates:

Address: Cree Ct Tecumseh MI 49286

Auction Time Left

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The countdown is usually accurate but not exact. To be safe, place bids 2 hours before the bidding ends.

What is the city of Tecumseh, MI like?

Tecumseh is a charming small town located in southeastern Michigan, known for its rich history and friendly community atmosphere. Residents enjoy a peaceful lifestyle surrounded by scenic landscapes, including rolling hills and lush greenery, making it an ideal place for families and retirees alike.

The town offers a variety of amenities, including local shops, restaurants, and parks that create a vibrant downtown area. The local farmers' market is a highlight, providing fresh produce and handmade goods, fostering a sense of community and supporting local businesses.

Education is highly valued in Tecumseh, with a well-regarded school district and several educational options available. From elementary to high school, families have access to quality education and dedicated educators.

Nearby Schools

There are 4 schools in the area. Nearby schools include Tecumseh High School and Tecumseh Middle School.

Tecumseh High School
Tecumseh Middle School
Arbor Academy
Southwest Elementary School

Nearby Attractions

There are plenty of activities near this property like Tecumseh District Library, Tecumseh Community Center, and more.

Tecumseh District Library
Tecumseh Community Center
Herrick Hospital
Tecumseh Recreation Department

What kind of public transportation is there?


Public transportation options include: Tecumseh offers limited public transportation options, primarily through local taxi services and rideshare programs., Nearby cities have more extensive public transit systems that connect to Tecumseh.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Tecumseh Park, Dewey Park and more.

Tecumseh Park
Dewey Park
Lakeside Park
Whitney Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Comcast Xfinity
Frontier
Spectrum
Rental Chart
View Rental and Market Value
for Cree Ct in Tecumseh Michigan
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Property Information

Public Records

Community & Neighborhood

This property in Tecumseh, MI is located in the Kerby Heights 02 Subdivision.


Preforeclosure

The property located at Cree Ct in Tecumseh, MI is listed as a Preforeclosure

This listing located at Cree Ct in Tecumseh, MI could be available as a Rent-to-Own listing as well, additional diligence will be required from the buyer to determine if this listing can be approved as a RTO.

Please take note that this property in Tecumseh, Michigan is not listed as a Rent-to-Own (RTO) opportunity. It is currently in an initial default stage in Tecumseh, MI, commonly referred to as Pre-Foreclosure, indicating that the homeowner has missed at least one payment and is considered delinquent. However, instead of going through a potentially lengthy foreclosure process, which could take up to 18 months, the homeowner may be open to considering a Rent-to-Own option that covers their mortgage.

Since Pre-Foreclosure properties are not formally listed for sale, there is no asking price available. Instead, you’ll find either the original loan balance or an Estimated Market Value (EMV) provided. To make a reasonable offer for this home, it’s advisable to use either the loan balance or EMV amount in conjunction with local sale price comparables to determine an appropriate offer. Alternatively, the homeowner might be willing to work with you on a monthly amount that can help them avoid the foreclosure process.

You may also want to check with a real estate attorney or other legal authority to discuss the potential risks of executing a Rent-to-Own agreement with the current Pre-foreclosure owner. If the current owner in Tecumseh, Michigan doesn't make their mortgage payments, they could lose the property which would directly affect you and your Rent-to-Own agreement.

For this reason, many buyers find a real estate investor or investment company to buy a Pre-Foreclosure property from the current owner. The investor/investment company could then offer you a Rent-to-Own agreement on that property that you worked out with them in advance, which could stabilize the investment and prevent complications.

This is an important legal concept to understand before moving forward

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Auction Information

Legal Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Cree Ct located in Tecumseh, MI is $890/month. Comparable homes around Cree Ct that are rentals have monthly ranges starting as low as $760 per month and as high as $1,020 per month. An owner looking to use this property as an investment could bring a return in the area of $760 - $1,020 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
05/05/25 05/29/25 Preforeclosure PennyMac Loan Services LLC
05/02/25   Preforeclosure
05/01/25 05/29/25 Preforeclosure Pennymac Loan Services LLC

Similar Homes Nearby Tecumseh, MI


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Cree Ct
Tecumseh, MI 49286

$180,503 EMV

Status: Active Listing ID: 63492537

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Cree-Ct-Tecumseh-MI-49286/63492537_lid

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