What's Your Home Worth?

Foreclosures In Detroit Michigan

The good news is that there are a lot of foreclosed homes in Detroit that are up for sale at a very inexpensive price. The Wayne County Treasurer forecloses on properties that have not paid property taxes in three years. In an effort to recoup unpaid taxes, a foreclosure auction is held where these properties are auctioned off in two rounds. In the first round, the properties are auctioned for the total amount of back taxes owed. In the second round, the opening bid on all properties is very affordable. Imagine the kind of homes that will be auctioned off in Detroit especially with the new program that Mayor Mike Duggan implemented that will auction off abandoned homes. Buyers should be aware that there are some fabulous homes up for sale in Detroit but there are some stripped homes out there too. In both case scenarios, you can buy a good-looking home for a very inexpensive price in the city of Detroit that will probably need repairs.

Foreclosed homes can be found at all price points. You can find a foreclosed starter home or a foreclosed luxury home. You need to budget carefully when buying a foreclosed home because of the repairs that you have to do to your "as is" home. Since foreclosed homes are "as is" homes, the buyer should see the house first. A home inspection will serve you well because you need to know exactly what you are getting into with your purchase, and you will know exactly what you need to fix before you move in. A buyer should also look at the neighborhood in order to evaluate it. You do not want the value of your house depressed because of the neighborhood. It is also smart not to turn on the utilities until you know the condition of the pipes. It is best to buy your foreclosed home with the intention of fixing it up. Detroit is cracking down on people who just buy up homes without repairing them.

Detroit Foreclosures

New Listings First
1 Properties Found.
Homes for Sale in Detroit, MI
  • MLS® #: 217064428
  • 14911 Faust Ave
  • Detroit, MI 48223
  • $85,000
  • 2 Bed, 1.1 Bath, 1104 SqFt, 0.14 Acres
  • Residential
  • Add as Favorite
Please provide a valid email address.

Estimate ...
Low ...
High ...
Please provide a location

Prices of Foreclosures in Detroit

This tool shows you some baseline pricing, but you can also use the panels below to see how property prices change when you add/remove filters.

More Search Options

Looking for New Construction?

Have you Seen the Latest, Most Innovative New Floor Plans Available?

Public Record Data for all Homes

Unlock Exclusive Data! Your Neighbors Estimated Home Values, Sale Price History, etc.