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Foreclosed Novi Homes
There are some great banked owned foreclosure bargains in Novi and plenty of opportunities to buy a Foreclosure Home, distressed property, or bank owned home in Novi, Michigan right now.
Your Novi real estate agent has to search the MLS each day to see the new homes that hit the market. You must have a pre-approval ready so you can make a strong offer. Most bank owned homes will not even entertain your offer if you do not have a strong pre-approval ready. Homeowners that have been foreclosed upon in Novi are continuing to rise and looking to a short sale in order to avoid a foreclosure on their credit report.
The Novi real estate market is not getting better any time soon. Now is the time to start buying real estate if you are an investor or a first time home buyer. Now is the time to make money investing like a pro, taking advantage of a unique buyers market. Many lenders are selling their inventory at below market values just to get rid of their inventory
The Novi foreclosure real estate pipeline of foreclosure filings is high for the state. There is an abundance of homeowners in financial trouble, entering pre foreclosure status in Novi for a number of reasons. Banks are starting to talk more about short sales as another option rather than going into foreclosure. If you are patient and can wait for the bank to process the paperwork, you can get a great deal on bank owned property in Novi
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