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.
ADDRESS | BATHS | BEDS | SQ FOOT | BASEMT | GARAGE | LOT DIMEN | LP PER SQFT |
107 BLOOMFIELD BLVD | 3 | 3 | 1802 | Y | Y | .44AC | 74.91 |
1565 OLD CHATHAM DR | 2.1 | 4 | 2060 | Y | Y | 109X160 | 98.2 |
6995 LAHSER RD | 2 | 3 | 1805 | Y | Y | 137X160 | 127.36 |
6828 CATHEDRAL DR | 2.1 | 4 | 2366 | Y | Y | 110X175 | 109.84 |
5193 PROVINCIAL DR | 2.1 | 4 | 2853 | Y | Y | 184XIRREG | 124.78 |
724 BROOKWOOD WALKE | 2.1 | 4 | 2991 | Y | Y | X | 133.7 |
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
Metro Detroit relocation information, Metro Detroit suburbs
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