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Pallister St Detroit, MI 48202 (New Center)


  • 3 full bath,
  • 2,278 sqft
  • Single-Family Home
Unknown

Property Details for Pallister St


180+ Days on Trulia
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Description provided by Trulia
Pallister St This Single-Family Home is located at Pallister Street, Detroit MI. Pallister St is in the New Center neighborhood in Detroit, MI and in ZIP Code 48202. The average listing price for New Center is $37,950. Pallister St has 3 baths, approximately 2,278 square feet, and was built in 1909 View our Foreclosure Guides
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Foreclosure Types

  • Pre-Foreclosure (Notice of Default or Lis Pendens):

    Pre-foreclosure (NOD or LIS) is the first stage in the foreclosure process that begins when a homeowner receives a default notice for missing one or more mortgage payments. Owners in default can stop the foreclosure process by paying the past-due payments or by paying off the entire loan balance — usually by refinancing or by selling the property. They can also avoid foreclosure by selling before the auction — this may have to be a short sale if the homeowner owes more than the property is worth. Homeowners in pre-foreclosure are usually motivated sellers who want to avoid losing their property at a public foreclosure auction.


    Read more about Pre-Foreclosures »
  • Auction (Notice of Trustee Sale or Notice of Foreclosure Sale):

    A public foreclosure auction (NTS, NFS) occurs when a homeowner in default does not stop foreclosure proceedings during the pre-foreclosure period. Properties are typically auctioned off in a public location — such as a local county courthouse — by an attorney or local public official. Auctions can present opportunities to buy properties below market value, but usually don't allow for property inspections and often require that buyers pay in cash — typically in the form of cashiers checks. Up until the auction occurs, however, buyers may still have an opportunity to buy directly from the homeowner in default via short sale or regular sale.


    Read more about Foreclosure Auctions »
  • Bank Owned (REO):

    A property becomes a full-fledged foreclosure — sometimes referred to as a Real Estate Owned (REO) property — when it is repossessed by the foreclosing lender. The lender can take possession either through a deed-in-lieu-of foreclosure agreement with the owner during the pre-foreclosure period or through a winning bid at the public foreclosure auction. Foreclosing lenders are often motivated to sell these properties quickly because they are non-performing assets for their bottom line. Of the three stages of foreclosure, REOs are most likely to also be listed for sale with a real estate agent on the MLS, but not all REOs are listed yet — meaning buyers may have to contact the lender or servicer directly to make an offer.


    Read more about Bank Owned Foreclosures »
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Beware of Hidden Costs
Liens not cleared by the auction are the buyer's responsibility. If you buy a property at a foreclosure auction, you may end up forking out more than just the winning bid amount to own the property free and clear. That's because some debts attached to the...

By RealtyTrac | 40 Comments


Tips for contacting the trustee
Calling the trustee is an important step in pursuing any pre-foreclosure or auction property, but it's not always the easiest or most enjoyable step because many trustees are not geared toward providing information to the general public. A phone call to the...

By RealtyTrac | 36 Comments


State foreclosure procedures
The foreclosure process varies somewhat from state to state, and depends primarily on whether the state uses mortgages or deeds of trust for the purchase of real property. Generally, states that use mortgages conduct judicial foreclosures, using the court...

By RealtyTrac | 27 Comments


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Neighborhood Info


$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm

Estimates around Pallister St


$1,099,500
4 br / 2 ba
Single-Family Home
OPEN HOUSE Sun Oct 16, 2pm to 4pm
  • Home Estimates for Pallister St

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