Farmington Hills MI foreclosures

Posted on Posted in Farmington Hills, Foreclosures, investment properties, landlord

Farmington Hills Foreclosure statistics

Farmington Hills MI real estate is very similar to most of Metro Detroit real estate.  There are foreclosures in every Metro Detroit suburb in all price ranges.  Currently there are 88 Farmington Hills foreclosures.  The lowest price one is 30,000 and the highest one over $700,000.

There are Farmington Hills foreclosures in Woodbridge subdivision, Churchill Estates subdivision, Green Hill Woods subdivision, Farmington Square subdivision, Springbook subdivision, Lincolnshire Estates subdivisions, Strathmore subdivision, and Trillium subdivision.  No income bracket or demographic seems to be immune to losing their home to foreclosure.

Farmington Hills Short Sales

There are 97 Farmington Hills homes for sale that are short sales.  Short sales are where the home owner is trying to sell the Farmington Hills home for less than what they owe on the mortgage. Short sales take the banks approval and usually take longer to get done.

Farmington Hills Corporate relocation sales

There are 1 corporate relocation homes for sale in Novi at this moment.

Usually foreclosures, short sales, corporate relocation are homes buyers should look at because they may be priced below market value.  Banks are pricing foreclosures very aggressively to get rid of them.  It just depends on the bank whether it is a good price or not.

For more on Farmington Hills MI or to search Farmington Hills MI homes for sale go to my website Oakland County MI Real estate

Feel free to call or email me about Farmington Hills foreclosures or short sales.  cell 248-310-6239 or yesmyrealtor@gmail.com

Comp and Listing Information Courtesy of Realcomp II Ltd, Properties shown have been listed and sold by various MLS member REALTOR® agents

 

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