Bloomfield Twp Foreclosures as of 2-28-13

Some Bloomfield Township foreclosures are in bad shape.  Such bad shape that banks won’t loan on them.  You see, when you get a mortgage you have to have an appraisal.  The appraiser is going to come into the home and check it out for the bank.  As of May 1 banks hire the appraiser themselves.  So there is no more funny business going on.  No more blind eye to missing drywall, or a missing toilet. And, the water and the furnace have to be working in order for the bank to approve the appraisal.  But, if there is:

  • missing kitchen cabinets
  • missing drywall
  • broken toilet
  • broken sinks
  • Leaking roof
  • Mold on the walls or ceilings

The house is not going to pass the banks criteria.  The appraiser will note the problems.  Then the bank most likely won’t do a mortgage on the house because the “collateral” (the house) isn’t worth it.  They won’t do loan on a house that needs work, a house that would be unsalable, a house that is in below average condition.  I call it the house is “un-mortgageable”.

Below is the list of Bloomfield Twp foreclosures that are available as of today, 2-28-13. There are 6 homes with an average of 23 days on the market.

ADDRESSBATHSBEDSSQ FOOTBASEMTGARAGELOT   DIMENLP   PER SQFT
107 BLOOMFIELD   BLVD331802YY.44AC74.91
1565 OLD CHATHAM   DR2.142060YY109X16098.2
6995 LAHSER RD231805YY137X160127.36
6828 CATHEDRAL DR2.142366YY110X175109.84
5193 PROVINCIAL DR2.142853YY184XIRREG124.78
724 BROOKWOOD   WALKE2.142991YYX133.7

If you have any questions on foreclosures or any Real Estate question, please feel free to give me a call on my cell: 248-310-6239. I have a lot of experience in Real Estate and will be happy to share my knowledge with you!

Russ

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