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Foreclosed Homes In Waterford

There are great foreclosure homes in Waterford, Michigan. You can actually get a great home for a fraction of the cost if you are buying a foreclosed home. There are several types of homes in the foreclosure process. A pre-foreclosure home is a home that is in danger of falling into foreclosure, but is still owned by the homeowner. A foreclosure is a property that will be sold or repossessed by a creditor or a lender to recover the amount owed on it. Foreclosures can be bought at an auction or as bank-owned properties (REO) from a lender.

There is a REO advantage in that if you buy a REO property there won't be any liens against it. In addition, you can get this property inspected prior to buying it. You will receive a steep discount merely because the home is in foreclosure. This is a great deal for any potential buyer especially first time buyers. These properties have to be purchased "as is". The potential buyer will need to do repairs to the property. When placing an offer, you need to have everything in order. Your offer should be as clean as possible. You can purchase these properties cash or conventional. You just want to make the best offer possible.

Waterford Foreclosures

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1 Properties Found.
Homes for Sale in Waterford Twp, MI
  • MLS® #: 219000827
  • 3991 Perkins
  • Waterford Twp, MI 48329
  • $94,900
  • 2 Bed, 1 Bath, 1073 SqFt, 0.32 Acres
  • Residential
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Prices of Foreclosures in Waterford

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