Novi Foreclosures as of 3-15-13
Not only is the amount of Novi foreclosures going down but these three items are reducing the remaining number of foreclosures that are hitting the Metro Detroit real estate market:
- Short sales – There are more short sales being completed so those homes never become Metro Detroit foreclosures.
- Sheriff sales – When a home in Michigan goes into foreclosure the first step is sheriff sale. Some homes are being sold to investors or being sold and redeemed out. So they have entered the foreclosure process but got sold before the bank took possession. So they are not sold as a foreclosures.
- Non- profits – Some banks and lending institutions are giving the Metro Detroit foreclosure to a non-profit. The non-profit is fixing up and reselling the home. The bank is getting a tax deduction for giving the home to the non-profit. So everybody makes out in this deal. A better home is on the market, and the home is off the bank’s books.
Lets take a closer look at Novi Foreclosures: Currently there are 6 homes in Novi foreclosures on the market , with an average time on the market of only 9 days. It’s hard to find a good foreclosure lately, and what that means to you is that if you are looking to buy a foreclosure you need to be ready to act right away. See something on the list below that you would like to take a closer look at? CALL ME!
ADDRESS | BATHS | BEDS | SQ FOOT | BASEMENT | GARAGE | LOT DIMEN | LP PER SQFT |
40519 GUILFORD | 2 | 4 | 1734 | Y | Y | 90X125 | 67.474 |
23920 MEADOWBROOK RD | 1 | 3 | 1148 | N | Y | 80X120 | 104.4425 |
42900 LEDGEVIEW DR | 2.1 | 4 | 2589 | Y | Y | 88X149 | 54.8088 |
40722 MILL ROAD CT | 2.1 | 3 | 2402 | Y | Y | 81X135 | 120.6078 |
50665 BILLENCA DR | 2.1 | 4 | 3338 | Y | Y | 90 X 145 | 115.668 |
48113 ANDOVER DR | 2.1 | 3 | 3576 | Y | Y | 156 X 180 | 118.8199 |
If you are looking to buy a Metro Detroit home and want an agent to look out for you email me at yesmyrealtor@yahoo.com or call me on my cell at 248-310-6239.
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