Walled Lake is a wonderful area to live and work in. Currently, there are no foreclosures on the market listed with a Realtor which may be due to the extension of the Mortgage Forgiveness Debt Relief Act, which allows the forgiven debt on a short sale to not be taxed as income. This should help with the continued reduction in foreclosures and their impact on housing values.
There are good signs that 2013 will be a year of recovery for the housing market. 2012 is the first year since 2005 where the year ended in positive territory, and if 2013 is anything like 2006, it could mean we are headed for a strong rebound. There is an urgency to buy now as home prices continue to increase and mortgage rates are at historic lows.
In the meantime, take a look at other sites that include foreclosures in other southeastern Michigan cities or just join my Foreclosure VIP Club below:
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Homes for sale in Walled Lake Michigan