Foreclosed Homes In Michigan | Bank Owned Homes In Michigan Foreclosures

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Office Location 39500 Orchard Hill Place,
Suite 100
Novi, MI 48375
Phone: (888) 776-2759
Fax: (248) 686-3386

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Michigan Bank Foreclosures For Sale

Michigan Bank Owned Foreclosure Homes

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $700,000 - $800,000 Over $1,000,000
33 Properties Found. Showing Page 1 of 3
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Bank Owned New Const. Check Out The History And...

$1,599,000
3000 Quarton Rd
Bloomfield Hills
6 br, 8 ba, 8,450 sqft Residential MLS® #: 213002132
Call: (248) 937-1337
Price:
$1,599,000
City:
Bloomfield Hills
Address:
3000 Quarton Rd
Beds:
6
Baths:
8
SqFt:
8450
Type:
Residential
MLS® #:
213002132
Call:
(248) 937-1337

Listing Description: Bank Owned New Const. Check Out The History And The Comps. Historic 3000 Sf Colonial Stripped Down To Bare Framing W/over 5000 Sf Of New Space Added + Oversized 4 Car Gar. New Home Feats 2 Stone Turrets 1st Flr Mstr Ste 3 Upper Flr Br Stes 2sty Din Rm W/wet Bar 6 Fps Limestone & Hdwd All 1st Flr Laund Rms On 2 Flrs Cherry Cust Blt-ins For Lib Euro Shower Doors & Gran Tops. F...

Provider:
Home for Sale MLS®# 213002132
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Gorgeous Brick Home Sprawling 7800 Sf Floor Pla...

$1,299,900
1900 Rathmor Rd
Bloomfield Hills
Donnelly Farm Sub
8 br, 6 ba, 7,851 sqft Residential MLS® #: 213049877
Call: (248) 937-1337
Price:
$1,299,900
City:
Bloomfield Hills
Address:
1900 Rathmor Rd
Subdivision:
Donnelly Farm Sub
Beds:
8
Baths:
6
SqFt:
7851
Type:
Residential
MLS® #:
213049877
Call:
(248) 937-1337

Listing Description: Gorgeous Brick Home Sprawling 7800 Sf Floor Plan That Features Eight Bedrooms, 5 Full/2 Half Baths! Multiple Fireplaces, Full Finished Walkout Basement, Three Car Attached Garage Situated On Three Acre Lot! Buyer To Pay A $295.00 Compliance Fee To Listing Broker.

Provider:
Home for sale: Donnelly Farm Sub 1900 Rathmor Rd , Bloomfield Hills 48304
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High&best Due By 5/1/13 By 10 Am" Sold As-is ! ...

$722,700
221 Charing Cross Ct
Bloomfield Hills
Charing Cross Woods Of Bloomfield
5 br, 6 ba, 5,626 sqft Residential MLS® #: 213037233
Call: (248) 937-1337
Price:
$722,700
City:
Bloomfield Hills
Address:
221 Charing Cross Ct
Subdivision:
Charing Cross Woods Of Bloomfield
Beds:
5
Baths:
6
SqFt:
5626
Type:
Residential
MLS® #:
213037233
Call:
(248) 937-1337

Listing Description: High&best Due By 5/1/13 By 10 Am" Sold As-is ! Pof & Emd Must Be Submitted(cert.) With Offer To Be Held By Listing Broker/or Title Co., For Seller Financing Incentives Agents And Their Buyers Are Requested To Contact Our Designated Chase Loan Offer - Call Lister For Details. Allow 3 Days For Offer Response. Buyer Respon For All Inspections And Final Water Read. $250.00 Comp....

Provider:
Home for sale: Charing Cross Woods Of Bloomfield 221 Charing Cross Ct , Bloomfield Hills 48304
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Highest & Best Due 5/25 @ 3pm. Bloomfield Villa...

$349,900
3189 Tuckahoe Rd
Bloomfield Twp
Judson Bradway's Bloomfield Vlg No 4
4 br, 2½ ba, 2,863 sqft Residential MLS® #: 213046993
Call: (248) 937-1337
Price:
$349,900
City:
Bloomfield Twp
Address:
3189 Tuckahoe Rd
Subdivision:
Judson Bradway's Bloomfield Vlg No 4
Beds:
4
Baths:
SqFt:
2863
Type:
Residential
MLS® #:
213046993
Call:
(248) 937-1337

Listing Description: Highest & Best Due 5/25 @ 3pm. Bloomfield Village Colonial With Grand Entry Foyer Liv Rm W/fp Kit W/new Ss App And Center Island Cozy Fam Rm W/fp Priv Den Fin Bsmnt W/great Built-ins 2 Car Att Garage Buyers/agents- Escalations Surrounding Offers Where Listing Agent Is Unable To Provide The Answercall The Wells Fargo Reo Dept At 877-617-5274.sold In As-is Cond.buyers Should O...

Provider:
Home for sale: Judson Bradway's Bloomfield Vlg No 4 3189 Tuckahoe Rd , Bloomfield Twp 48301
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4 Beds 2.1 Bath 2 Story West Bloomfield Home. F...

$299,900
4510 Rolling Pine Ct
West Bloomfield Twp
Whispering Pines
4 br, 2½ ba, 3,135 sqft Residential MLS® #: 213047544
Call: (248) 937-1337
Price:
$299,900
City:
West Bloomfield Twp
Address:
4510 Rolling Pine Ct
Subdivision:
Whispering Pines
Beds:
4
Baths:
SqFt:
3135
Type:
Residential
MLS® #:
213047544
Call:
(248) 937-1337

Listing Description: 4 Beds 2.1 Bath 2 Story West Bloomfield Home. Finished Basement, 3 Car Attached Garage, Inground Pool. Allow 2-3 Business Days For Responds. Bank Of America, N.a Employees, Household Members And Its Business Partners Are Prohibited From Purchasing This Property,directly Or Indirectly. Down Load Offer Instructions Prior To Writing Offers

Provider:
Home for sale: Whispering Pines 4510 Rolling Pine Ct , West Bloomfield Twp 48323
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Multiple Offers High/best Due 5/21 @ 5 Pm. Home...

$289,900
2690 Elizabeth Ln
West Bloomfield Twp
Willow Woods Preserve Occpn 671
4 br, 3½ ba, 3,163 sqft Residential MLS® #: 212105489
Call: (248) 937-1337
Price:
$289,900
City:
West Bloomfield Twp
Address:
2690 Elizabeth Ln
Subdivision:
Willow Woods Preserve Occpn 671
Beds:
4
Baths:
SqFt:
3163
Type:
Residential
MLS® #:
212105489
Call:
(248) 937-1337

Listing Description: Multiple Offers High/best Due 5/21 @ 5 Pm. Home Has Fresh Paint New Carpet. Open Foyer Features Soaring Ceilings Dramatic Curved Walls. Formal Dining Area. Very Large Master Suite W/fireplace Dressing Area Large Walk-in Closet Sunken Tub W/separate Shower. Finished Walkout Basement Features Large Open Family Room 4th Bedroom Full Bath And Office Area As Well As Storage. Batv...

Provider:
Home for sale: Willow Woods Preserve Occpn 671 2690 Elizabeth Ln , West Bloomfield Twp 48324
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Gorgeous 4 Bedroom Brick Colonial! Features Exc...

$288,000
7647 Windgate Cir
West Bloomfield Twp
Windridge Hills Occpn 1331
4 br, 2½ ba, 2,745 sqft Residential MLS® #: 213038828
Call: (248) 937-1337
Price:
$288,000
City:
West Bloomfield Twp
Address:
7647 Windgate Cir
Subdivision:
Windridge Hills Occpn 1331
Beds:
4
Baths:
SqFt:
2745
Type:
Residential
MLS® #:
213038828
Call:
(248) 937-1337

Listing Description: Gorgeous 4 Bedroom Brick Colonial! Features Excellent Curb Appeal Beautiful Eat In Kitchen W/ Island Rear Deck W/ Great View Of Woods Awesome Master Ste Walkout Basement And So Much More! An Absolute Must See! Sold As Is. All Info Estimated. L/a Has No Info On Cond. Buyer To Comply With Any City Requirements!

Provider:
Home for sale: Windridge Hills Occpn 1331 7647 Windgate Cir , West Bloomfield Twp 48323
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Make Offer (see Agent Remarks For Submission, P...

$240,000
30880 Country Ridge Cir
Farmington Hills
Country Ridge No 1
4 br, 3 ba, 3,183 sqft Residential MLS® #: 213041447
Call: (248) 937-1337
Price:
$240,000
City:
Farmington Hills
Address:
30880 Country Ridge Cir
Subdivision:
Country Ridge No 1
Beds:
4
Baths:
3
SqFt:
3183
Type:
Residential
MLS® #:
213041447
Call:
(248) 937-1337

Listing Description: Make Offer (see Agent Remarks For Submission, Pending Offers & Access Code) Reo-bank Owned. Property Sold "as Is" Without Repair Warranty Or Seller Disclosure. The Listing Broker And Seller Assume No Responsibility And Make No Representations As To Availability Or Accuracy Of The Property Information Depicted And Described Herein. Web Technology Fee Of $299 And Possible Buye...

Provider:
Home for sale: Country Ridge No 1 30880 Country Ridge Cir , Farmington Hills 48331
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Well Maintained Home In Great Shape. Finished B...

$225,900
2180 Blue Stone Ln
Commerce Twp
Stone Gate Occpn 766
4 br, 2½ ba, 2,370 sqft Residential MLS® #: 213029117
Call: (248) 937-1337
Price:
$225,900
City:
Commerce Twp
Address:
2180 Blue Stone Ln
Subdivision:
Stone Gate Occpn 766
Beds:
4
Baths:
SqFt:
2370
Type:
Residential
MLS® #:
213029117
Call:
(248) 937-1337

Listing Description: Well Maintained Home In Great Shape. Finished Basement, Crown Molding,deck Off Family Room - Fireplace. Sprinklers - Lots Of Storage. Contact Agent For Sellers Addendum To Be Submitted With Your Offer. Please Allow 2-3 Business Days For Seller Response

Provider:
Home for sale: Stone Gate Occpn 766 2180 Blue Stone Ln , Commerce Twp 48390
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Home Is In Excellent Condition. New Roof, New C...

$219,900
4040 Amanda Ct
Canton Twp
3 br, 2½ ba, 2,396 sqft Residential MLS® #: 543211608
Call: (248) 937-1337
Price:
$219,900
City:
Canton Twp
Address:
4040 Amanda Ct
Beds:
3
Baths:
SqFt:
2396
Type:
Residential
MLS® #:
543211608
Call:
(248) 937-1337

Listing Description: Home Is In Excellent Condition. New Roof, New Carpet And New Paint Throughout. Turn Key Home. Seller Is Offering Owner Occupants A Home Warranty Of Buyer's Choice Up To $500. This Property Is Eligible Under Freddie Mac First Look Initiative Through 04/20/2013.

Provider:
Home for sale:  4040 Amanda Ct , Canton Twp 48188
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Great Value In This 4 Bedroom Colonial With Ply...

$210,870
43439 Nowland Dr
Canton
Nowland Estates Sub
4 br, 2½ ba, 2,662 sqft Residential MLS® #: 213043994
Call: (248) 937-1337
Price:
$210,870
City:
Canton
Address:
43439 Nowland Dr
Subdivision:
Nowland Estates Sub
Beds:
4
Baths:
SqFt:
2662
Type:
Residential
MLS® #:
213043994
Call:
(248) 937-1337

Listing Description: Great Value In This 4 Bedroom Colonial With Plymouth/canton Schools. 2.5 Baths, Family Room With Fireplace, Super Kitchen, Basement, 2 Car Garage, Deck.

Provider:
Home for sale: Nowland Estates Sub 43439 Nowland Dr , Canton 48188
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Highest & Best Due By Thursday May 16 @ 5:00pm....

$209,900
34281 Thornbrook Dr
Farmington Hills
Normandy Hills No 1
3 br, 2 ba, 2,387 sqft Residential MLS® #: 213043306
Call: (248) 937-1337
Price:
$209,900
City:
Farmington Hills
Address:
34281 Thornbrook Dr
Subdivision:
Normandy Hills No 1
Beds:
3
Baths:
2
SqFt:
2387
Type:
Residential
MLS® #:
213043306
Call:
(248) 937-1337

Listing Description: Highest & Best Due By Thursday May 16 @ 5:00pm. $395.00 Transaction Fee To List Broker. Download Seller's Addendum To Be Submitted With Your Offer. Bank Of America, N.a. Employees And Employees Household Members And Hts Business Partners Of The Bank, Are Prohibited From Purchasing This Property Whether Directly Or Indirectly.

Provider:
Home for sale: Normandy Hills No 1 34281 Thornbrook Dr , Farmington Hills 48335
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Difference Between A Short Sale & Foreclosure

The Difference Between Foreclosure and Short Sale is a legal procedure in which a lender, normally a mortgage lender obtains a court order stating a termination of a mortgagors equitable right of redemption. A foreclosure is when a financial institution repossesses your home due to a failure to keep up with mortgage re-payments. If this were to happen you lose your property, all your rights to the property are terminated and you are evicted from the property, which is then sold onto someone else.

Many people often feel that they have no alternative to a foreclosure when they have missed mortgage payments when in some circumstances you may be in a position that means you don’t have to suffer the effects of a foreclosure. One of the first aspects that you need to look at when you are facing the prospect of a foreclosure is to decide whether a foreclosure will actually help your financial problems. If your money problems are temporary such as you have lost your job but it’s only a matter of time before you get one again then you should try everything to avoid a foreclosure; however your debt may be so large that a foreclosures is the only way out of it. Evaluate your situation and you may find you can get out of a foreclosure. If you are one of the many people who are worried about the prospect of foreclosure or maybe you are facing a foreclosure, well have you considered the option of a short sale.

Short Sale

Short Sale In Michigan is when a lender accepts a discount on a mortgage as a way of avoiding possible foreclosure; it is when a lender accepts less than the total amount of money that is due to them for the sale of a property. The process of a short sale is a unique arrangement where the financial institution that is involved and the home owner work together to sell the property before it becomes another foreclosed property.

An example of a short sale is if a homeowner is facing a foreclosure and they have an existing first mortgage of $400,000 then you write an offer to the lender for $320,000, which is then accepted as full payment for the loan. There is one aspect that people are always left thinking about in the case of a short sale, which is why are lenders taking less than what is owned to them? Basically it saves your lender in the long run; this is because the foreclosure process in Michigan is very costly for a lender. Lenders do not want to become property managers; lenders want to lend money. While the house is left vacant, the pipes may freeze throughout the cold winter months, the house could be vandalized, and usually the home will sell for much less than what it could sell for in the short sale process. Also lenders to not like to have excess inventory and bad loans on their books, meaning if they see an opportunity where they can sell the property without a huge loss they will do it.

If you are facing the prospect of a foreclosure I urge you to look into the route of short sale, you never know it could just be the answer you are looking for.

Are you behind or about to be behind on your Mortgage Payments?

In Michigan it is more and more common for homeowner to find himself/herself in a hardship situation when they are no longer able to make their mortgage payments, due to a variable interest rate that has changed, divorce, illness, job loss or a variety of other reasons.The MARK Z Real Estate Team will work with your lender on your behalf to set a price that will get your home sold quickly. This requires your lender to take a discount on what is owed them. Sometimes your lender will take as much as 20% or more less than what is owed.

If you have a FHA mortgage, your lender will send out an appraiser and can accept approximately 82% less than the appraised value.

Why would a lender take less than what is owed to them?

A short sale will save your lender the costly process of getting the home back in Foreclosure.The foreclosure process in Michigan is very costly for a lender. Lenders do not want to become property managers. Lenders want to lend money. While the house is left vacant, the pipes may freeze throughout the cold winter months, the house could be vandalized, and usually the home will sell for much less than what it could sell for in the short sale process.

We are a team of real estate professionals who specialize in working with mortgage companies to provide pre-foreclosure solutions to homeowners who are in this very situation. We work with your lender on your behalf to list and sell your home.

You need to know that Michigan is on the top of the list for number of foreclosures in the country and because of that, you must act quickly.

Michigan Short Sale Required Documents

The first thing you should do to start a short sale process is call your lender and ask for the loss mitigation department and ask for a short sale package. Sometimes you must stop making payments for a month or two before your lender will begin to take you serious. Below is the package we must compile before your lender will even begin to entertain a short sale.


  • Authorization to release information form
  • Hardship Letter
  • Financial Worksheet
  • Listing agreement
  • Copies of tax returns (last 2 years for everyone on the note)
  • Copies of all bank statements (last 2 months for everyone on the note)
  • Copies of pay stubs (last 2 pay periods )
  • Signed purchase offer (MARK Z. & Associates will get)
  • HUD 1 closing sheet (MARK Z. & Associates will get)
  • CMA with pictures (MARK Z. & Associates will do)
  • Application for Pre-Foreclosure sale program (Only if FHA , HUD form 90036)
  • Homeownership counseling form (Only if FHA , HUD form 90038)

If there is a homeowner assoc. you may have to pay for resale certificate (About 195.00) Need to have a copy of your property survey ready (Title co. will want it)If you are facing this trouble, please gather this information and call us today. We will have a member of our team call you today.Call 248-937-1337 now for immediate answers to any of your Short Sale Questions...Fill out the form below or call us today to talk to a real estate agent from MARK Z. Real Estate Team.

Much has been written about the financial woes and soaring unemployment rates of metropolitan Detroit as automakers struggle to recover from the recession of 2001. Michigan, and the Detroit metro area, currently has literally thousands of foreclosed properties. Many consider Detroit the foreclosure capital of the world right now. A big reason for the foreclosures can be traced to the large decline in the manufacturing employment. Homeowners in Michigan are giving back their homes to the bank for a number of reasons. Some have lost their job and can't afford to keep making their mortgage payment because of the lack of income and some homeowners got involved in mortgage programs that ended up not being in their best interest.

Layoffs of car maker executives have inevitably led to foreclosed homes among the gated communities and estates of the desirable suburbs in Oakland County and along the east river toward Grosse Pointe, in historic Indian Village, and in Northwest Detroit, in Palmer Woods, Sherwood Forest and other attractive neighborhoods. Bank foreclosures have touched the wealthy and the poor alike.

Everybody knows someone who foreclosed on their house. Until recently appraisers never used foreclosures as comparable sales to justify a price. Now they are looked at like any other sale because of how common they are. Michigan Bank Foreclosures & Government Foreclosed Houses, Federal Homes, and Distressed Properties are all at your fingertips here. Foreclosures, HUD, VA, and other government property home lists and listings are represented here.

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Your Contact Information

For more information about the short sale or foreclosure process in Michigan, contact Michigan Foreclosure Specialist MARK Z

Provided through IDX through Realcomp II Ltd. Courtesy of Keller Williams® Realty. Copyright 2013 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.