Your welcome to call our office.. If it is any foreclosure in Grosse Pointe, then the property could be assigned to our office. We would contact the bank directly for you and discuss the plan of action. Your welcome to call our office anytime @ 313-824-5555... more
Thank you for your question Alice. Yes, you can attend foreclosure auctions. You can find out where and when from the county courthouse, which is where they are usually held. I do not recommend buying a foreclosure property during an auction because it would be better to negotiate a deal.
The Foreclosure process starts when a homeowner cannot pay the mortgage and ends when the home is resold.
The three stages of Foreclosure are: Pre-Foreclosure, Auction, and REO/Bank Owned.
Pre-Foreclosure is the time period a homeowner has to repay the delinquent amount of the mortgage.
If a homeowner does not pay the mortgage the home is auctioned
If the bids do not meet the reserve the lien holder (bank) reclaims the property and it becomes a Bank Owned REO.... more