3 br
ba
sqft
Single-Family Home
From:
RealtyTrac
Listing Type: Foreclosure
Status:
REO - Bank owned
What's this?
Year Built:
Price/sqft: $
Lot Size:
Days on Market: More than 30 days
ZIP Code: 48122
Neighborhood:
Additional Info: Prior sale history, Assessor records
This property is an REO (Real Estate Owned). This is the final step in the foreclosure process. Ownership has reverted to the lender. This 0 square foot property has 0 bedroom(s) and 0 bath(s). The estimated sale price is $90000. To access more extensive information on this property click the 'more property...
Register at RealtyTrac for more details
The foreclosure process begins when a borrower/owner defaults on
loan payments and the lender files a public default notice, called a Notice of Default or Lis Pendens. Buying a
property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright.
If the loan is not reinstated by the end of the
pre-foreclosure period, potential buyers can bid on the property at a public auction. Buyers often are required to
pay in cash at the auction and may not have much time to research the title and condition of the property
beforehand; however, a public auction often offers some of the best bargains and avoids the unpredictability of
dealing directly with the borrower/owner.
If the lender takes ownership of the property, either through an agreement with the
owner during pre-foreclosure or at the public auction, the lender will usually want to re-sell the property to
recover the unpaid loan amount. The lender will then typically clear the title and perform needed maintenance and
repair; however, the potential bargain for these REO homes is typically less than a pre-foreclosure or auction
property.
Street View
Map View
Satellite View
Hybrid View
Henry St, Melvindale MI 48122
(Location is approximate)
Exact location unknown
| This home |
| Listing price: |
$90,000 |
|
| |
| Compared to Melvindale |
| Avg. listing price: |
$81,183 |
+11% |
| Avg. sales price: |
$49,160 |
+83% |
| Avg. price/sqft: |
$52 |
|
Proximity to this address does not guarantee enrollment eligibility. Please contact a
local real estate professional for more information
Get free and quick advice from buyers, brokers, sellers and locals.
Got a question?
Recently asked on Trulia Voices...
Answered Wed Jul 23 2008, 11:58 by Bob Mcclure- Mortg
in
Riverview
Answered Thu Jul 24 2008, 14:24 by Ahmed in
Dearborn
Answered yesterday, 20:05 by Stephan in
Detroit
Answered Thu Jul 24 2008, 07:22 by Leonard Rosen in
Detroit
Answered Thu Jul 24 2008, 13:35 by NonRealtor in
Detroit
This Single-Family Home located at Henry Street, Melvindale MI 48122 is currently for sale and has been on the market for 73 days. Henry St is in the 48122 ZIP code in Melvindale, MI. This property is listed by RealtyTrac for $90,000. The average listing price for ZIP code 48122 is $81,183, which is lower than the list price for Henry St. Henry St has 3 beds
School content provided by OnBoard, LLC. Copyright (c) 2008. OnBoard LLC. Information is deemed reliable but not guaranteed.
6f11e8f492cf028ed44e3af309f47c66