Milford Foreclosures as of 3-26-13
Why aren’t I winning any of the bids I have put in on Milford Foreclosures? You have bidding on Milford foreclosures but you haven’t gotten any of them. There are supposed to be deals out there. Banks are wanting to dump all those foreclosures aren’t they? The banks are desperate to get rid of them right? So you have been putting in anywhere from 25 – 50% below the list price offers. And you are only bidding on the nice foreclosures you don’t want any dumps. You have a pre-approval letter from your bank. You have the 3% down. You aren’t asking for much. You just want 6% closing costs and to close in 2 months. You want the bank to pay for all the closing costs.
Well here are the problems as the bank sees it.
- Cash is King. A cash offer will be accepted over your offer.
- An offer that has a bigger down payment if everything else is the same will beat yours because the bank feels the offer is more likely to go thru.
- An offer that doesn’t ask for the bank to pay sellers concessions will win over yours. When the bank has to give up money to pay for your closing costs any offer that is similar and doesn’t ask for sellers concessions will beat yours.
Below are the foreclosures on the market in Milford as of 3-26-13. See the chart for more details. If you would like to see one of these foreclosures in Milford or any other foreclosure, please feel free to give me a call at 248-310-6239 or email me at yesmyrealtor@gmail.com.
ADDRESS | BATHS | BEDS | SQUARE FOOT | BASEMENT | GARAGE | LOT DIMEN | LP PER SQFT |
3219 WEST ST | 1.1 | 3 | 1144 | Y | Y | 50X170 | 65.5594 |
957 OLD PLANK RD | 2 | 3 | 1469 | Y | Y | IRREG | 52.8931 |
267 MILFORD MEADOWS DR | 2.1 | 3 | 2291 | Y | Y | 194X485X175X557 | 87.2544 |
1512 CATTAIL TRL | 1.1 | 3 | 2257 | Y | Y | 370 X 420 | 117.2795 |
1122 WINDING WAY | 3.2 | 4 | 3092 | Y | Y | IRREGULAR | 128.6869 |
3123 CANYON OAKS TRL | 4.1 | 5 | 4320 | Y | Y | 234 X 715 | 122.662 |
I have extensive foreclosure and bank owned properties and I can help you! Call me today! 313-310-9855.
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