Salem Foreclosures as of 3-13-13
What are banks looking for when you submit an offer on a Salem Foreclosure? Here are a couple of thoughts: 1. Banks want offers that have a high probability of closing. A Cash offer will always close where offers with mortgages sometimes don’t. 2. Banks want clean offers. Not offers that have inspections contingencies, or long move in dates. Cash offers close quicker which means less money for the bank to pay for utilities and taxes. 3. Banks don’t want to give up more money to pay for your closing costs. If you are asking for closing costs it means you don’t have much money. It means the deal is shaky. They would rather go with somebody that can pay for the costs.
When you find a Salem foreclosure you need to act fast. The best Salem foreclosures are usually gone before you are even aware that they are on the market. Currently there is only one foreclosure in Salem and it’s only been on the market for 6 days. (See the chart below).
ADDRESS | BATH | BED | SQ FT | BASE | GARAGE | LOT DIMEN | LP PER SQFT |
7904 7 MILE RD | 2 | 4 | 2903 | N | N | 5 ACRES | 44.764 |
If you are looking for the latest and greatest list of Salem foreclosures (or any other southeastern city) let me know!
Do not let somebody else get the best home deals. Join my Foreclosure VIP club and get the newest lakefront foreclosures and the newest lakefront listings emailed to you daily. The following link will allow you to search all West Bloomfield homes for sale: Oakland County homes for sale.
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