Foreclosure in 48601>Question Details

Cat, Home Buyer in 48601

How do you purchase a foreclosed property?

Asked by Cat, 48601 Wed Aug 4, 2010

I would like to bid on a foreclosed property 3277 Bertha Drive and need details

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4
Hi Cat, you purchase a foreclosed property much the same way as any other property, however there are some specifics to certain types of foreclosures. I publish a blog post weekly that educates home buyers on the process of buying a foreclosure. It also links you to the newly listed foreclosures in the Clare and Gladwin County area. I think you would benefit by reading that post. Check it out at http://www.activerain.com/blogs/sonyaann
0 votes Thank Flag Link Fri Aug 6, 2010
Cat, where did you find your information for this property? I checked the local MLS and it has not been listed since 1999. If you found it on a foreclosure website, it is likely in "default", but may not be available for sale yet.

Your best bet is to contact an Agent experienced with foreclosures to help you with your search. I'm sure you are aware that there are lots of foreclosures in our area. You can also check the link I am attaching for searching all listings in Saginaw, Midland or Bay county Michigan.

I hope this helps. Feel free to call if there is anything more I can do for you.
Web Reference: http://MBShomes.com
0 votes Thank Flag Link Thu Aug 5, 2010
You need to contact a local agent to submit your offer. If you need a referral in your area please let me know and I'd be glad to help!
Web Reference: http://www.sellyourden.com
0 votes Thank Flag Link Wed Aug 4, 2010
If it is listed for sale by a bank, you can place an offer as you would any other home. I don't see it listed on Realtor.com, so it is possible that the bank just recently foreclosed on it and have not listed it for sale yet.

Check the public records in your area to find out what has happened with the home.

If it is a pre-foreclosure, that is a different ball of wax. You can attempt to contact the owner to see if they are interested in selling, but it is not an easy thing to do. You would have to convince the owner to sell the home and also get it approved by their lender if it is a short sale.

Good luck.
Web Reference: http://teamlefebvre.net
0 votes Thank Flag Link Wed Aug 4, 2010
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