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Bloomfield Hills Foreclosures For Sale

View today's Bloomfield Hills foreclosures & Bloomfield Hills real estate below. Learn more about Bloomfield Hills condos, Bloomfield Hills luxury homes, Bloomfield Hills lakefront homes, and Bloomfield Hills new construction homes by accessing our easy-to-use search tools, or connect with one of our experienced real estate agents, who can provide you with insider information about the foreclosure housing market, arrange for private showings, and help in defining your home search based on your needs and your lifestyle. For more information about Bloomfield Hills Michigan properties for sale or to schedule a private home showing, contact your local Bloomfield Hills real estate experts today.

Foreclosed Homes For Sale in Bloomfield Hills MI

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1 Properties Found.
Homes for Sale in Bloomfield Twp, MI
  • MLS® #: 219029781
  • 946 E Square Lake Rd
  • Bloomfield Twp, MI 48304
  • $304,900
  • 4 Bed, 2.1 Bath, 2744 SqFt, 0.47 Acres
  • Residential
  • Add as Favorite

Bloomfield Hills Foreclosure Market

Over 2 million homes were foreclosed recently. This is bad news for some homeowners. However, this information is good news for the potential buyers who wish to purchase a discounted home. There are several types of properties that are known as "foreclosures." A "pre-foreclosure" is a home that is in danger of falling into the foreclosure stage. Often the pre-foreclosure homeowners wish to avoid an official foreclosure so they sell their home at a steep discounted price. If a home is being sold at a steep discounted price, a buyer can purchase a luxury home without the luxury price. A "foreclosure" is a property that will be sold or repossessed by a creditor or a lender to receive the amount owed on the property. When buying a foreclosed home in Bloomfield Hills, the buyer is able to purchase a home at a lower-than-market-value price. Bloomfield Hills has beautiful homes as far as the eye can see. Foreclosures can be found at all sorts of price points from starter homes to luxury homes.

The downfall to buying a foreclosed home is you may face steep competition and bidding from other buyers, which may actually increase the price. However, you may still be able to purchase a beautiful home in the prestigious Bloomfield Hills area at a lower-than-market-value price. If the foreclosed property that you are looking for is real estate owned by the lender (REO), the title will be clear. In addition, you won't have to assume any liens or back taxes. Buyers will also be allowed to inspect an REO prior to purchasing the home so they will know what they are getting and will be given a predetermined contingent period in which to make their final decision. There is definitely an advantage to buying an REO in the beautifully landscaped city of Bloomfield Hills.

Bloomfield Hills Foreclosure Real Estate Agents

Planning to buy or sell a foreclosed home in Bloomfield Hills? Let our local Bloomfield Hills real estate team guide you through the sale of your current residence or purchase your new bank-owned home. As Bloomfield Hills real estate experts, we're well-versed in the unique market dynamics of Michigan real estate. We're prepared to negotiate for you today!

Contact the Mark Z Home Selling Team to learn more about representation for buyers and sellers. Preparing to sell your Bloomfield Hills home? View our comparative market analysis page to receive a free Bloomfield Hills home value estimate within moments.

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Provided through IDX through Realcomp II Ltd. Courtesy of eXp Realty. Copyright 2019 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.