There are currently foreclosed homes listed in Michigan. Why should you consider buying a foreclosure property in Michigan? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Michigan when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Michigan, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Michigan that you want to look for a property below. Then search through all distressed real estate listings in Michigan for the amazing deal that’s right for you.
In Michigan, most foreclosures are completed outside of court through a nonjudicial process called foreclosure by advertisement. Loans are usually secured by mortgages. The process often moves relatively quickly once notices are posted and published. Borrowers usually have a limited redemption period after the sale, and deficiency balances may still be owed in some cases.
To buy a foreclosure in Michigan, review county treasurer tax sale lists, MLS notices, and court foreclosure auctions. Michigan uses judicial foreclosure; be aware of redemption rights. Arrange financing early. Perform a title search and property assessment. Participate in the foreclosure auction or negotiate with the lender for REO sales.
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Click on a city below to see all available listings.
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Foreclosure laws vary by state. Learn more abut the Foreclosures laws in Michigan.
MI Foreclosure Laws
Find out how to buy a foreclosure in your area and profit off of this type of real estate listing type.
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