- MLS® #: 219001869
- 5083 Westcombe Ln
- West Bloomfield Twp, MI 48324
- 3 Bed, 1 Bath, 1229 SqFt, 0.26 Acres
- Residential Add as Favorite
Foreclosed Homes In West Bloomfield
There is a chance that you can own a home in the affluent city of West Bloomfield, Michigan. If you would like to purchase a foreclosed home, you might as well buy your home in this community. West Bloomfield is a great place to live and raise your family. There are tons of shops, boutiques, and restaurants in West Bloomfield. There is an excellent school system in place as well. This city has it all. You should do your research on buying a foreclosed home and begin the buying process. You and your kids will love it.
Of course, everyone in Michigan is learning about foreclosures right now because of all of the media coverage that foreclosures have been getting on television and radio. Everyone is fascinated with all of the deals that are out there. From a basic level, a foreclosure is a home in which the home owner has defaulted on the mortgage and now the bank has taken ownership. Naturally, the banks do not want to own these properties so they assign these properties to asset managers and agents who start reducing the inventory. As long as you don't mind buying a property in "as is" condition, you will get a steep discount on one of these homes in West Bloomfield. West Bloomfield homes are usually very expensive. Imagine getting a great home in this area for a discounted price. You will be pleased.
West Bloomfield REO Foreclosures
Foreclosed West Bloomfield Homes
There are some great banked owned foreclosure bargains in West Bloomfield and plenty of opportunities to buy a Foreclosure Home, distressed property, or bank owned home in West Bloomfield, Michigan right now.
Your West Bloomfield 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 West Bloomfield are continuing to rise and looking to a short sale in order to avoid a foreclosure on their credit report.
The West Bloomfield 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 West Bloomfield 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 West Bloomfield 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 West Bloomfield.
Get More Local Info from Mark Z!
Due to MLS rules, the above tool depends on ACTIVE listings to give you an idea of how much foreclosures are selling for, which factors influence their values, etc. Our agents have access to SOLD foreclosure listings' data, market statistics and additional information that can bring more intelligence to your process. Access to this information is easy - just contact us and ask!