Property Q&A in Macomb>Question Details

Donna, Home Buyer in Macomb, MI

what is going on with this house if you know and do u know when the price may drop again?

Asked by Donna, Macomb, MI Sat Feb 28, 2009

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This question is about this property: http://www.trulia.com/property/1071063119-46413-Butte-Dr-Mac…

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Donna,

While real estate professionals can provide some information, we are required to work for the benefit of the home seller unless there is a signed buyers agency agreement between us. (you and your agent)

Keep this in mind as you ask questions.
Web Reference: http://mi-living.com
0 votes Thank Flag Link Sat Feb 28, 2009
Donna this home sold in 2000 for $250,000 but went to sheriff sale in Nov of 2008 and the sellers are in their redemption period. Currently it's a short sale and priced pretty low. The 1st lien holder is sitting in a pretty good position right now and will get the home back sometime in May wiping away the 2nd. So they may not budge to much from this price. Now once they get it back they may reduce it - but that depends on the condition after the seller has to leave.

For more homes in Macomb County for sale visit the link below.
0 votes Thank Flag Link Sat Feb 28, 2009
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