Foreclosed Homes For Sale In Metro Detroit

Bank Owned Homes For Sale

All Listings Under $100,000 $100,000 - $200,000
$200,000 - $300,000 $300,000 - $400,000 $400,000 - $500,000
$500,000 - $600,000 $600,000 - $700,000 $700,000 - $800,000
$800,000 - $900,000 $900,000 - $1,000,000 Over $1,000,000
125 Properties Found. Page 1 of 11.
Photo of Listing #2200030609
$3,999,000 5 Beds 5 Baths 9,671 Sf
1770 Rathmor Rd, Bloomfield Hills

MLS® # 2200030609

Coldwell Banker Weir Manuel-Roch
Photo of Listing #2200021106
$2,200,900 5 Beds 5 Baths 8,355 Sf
550 Shirley Rd, Birmingham

MLS® # 2200021106

Coldwell Banker Weir Manuel-Bir
Photo of Listing #2200013479
$1,700,000 6 Beds 1 Baths 2,966 Sf
4520 Quarton Rd, Bloomfield Twp

MLS® # 2200013479

Max Broock Realtors
Photo of Listing #2200019825
$902,500 5 Beds 4 Baths 9,762 Sf
1289 Forest Bay Dr, Waterford Twp

MLS® # 2200019825

Owners.com
Photo of Listing #219084428
$849,800 4 Beds 4 Baths 7,958 Sf
5230 Franklin Rd, Bloomfield Twp

MLS® # 219084428

KW Showcase Realty
Photo of Listing #2200047924
$799,900 4 Beds 4 Baths 5,336 Sf
3417 Lakewood Shores Dr, Genoa Twp

MLS® # 2200047924

Preview Properties PC
Photo of Listing #2200047634
$624,900 4 Beds 3 Baths 5,126 Sf
2536 Addison Hills Crt, Addison Twp

MLS® # 2200047634

KW Showcase Realty
Photo of Listing #219122312
$600,000 4 Beds 4 Baths 4,115 Sf
6625 Valley Forge Dr, Washington Twp

MLS® # 219122312

Century 21 Campbell Realty
Photo of Listing #2200026326
$589,900 5 Beds 5 Baths 7,260 Sf
3624 Nesting Ridge Dr, Rochester Hills

MLS® # 2200026326

Keller Williams Somerset
Photo of Listing #2200037778
$585,000 4 Beds 3 Baths 5,475 Sf
23607 Wintergreen Cir, Novi

MLS® # 2200037778

RE/MAX Classic
Photo of Listing #2200039774
$549,900 4 Beds 4 Baths 4,080 Sf
44722 Dionne St, Canton Twp

MLS® # 2200039774

Century 21 Curran & Oberski
Photo of Listing #2200043776
$429,900 4 Beds 3 Baths 3,297 Sf
1339 Cartwright Ln, South Lyon

MLS® # 2200043776

Metro Investments Realty, Inc.

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Quick Hints & Tips for Buying A Foreclosed Home

DO: Get a private property inspection from a qualified home inspector when purchasing one of the Farmington Hills Bank Owned Homes for sale.  This is not uncle Jim the family contractor that has experience with heating and cooling.  This is from as actual AASHI or NASHI certified home inspector.  In Michigan there is no licencing for home inspectors.  That said the American Association of Home Inspectors and the National Association of Home Inspectors have strict guidelines that must be met to be a member.  This includes completing 500 home inspections, passing tests in all major relevant areas of home inspecting, continuing code education and more.  The follow up question we typically are asked is on hud homes for sale is it worth the $100-150 cost to de-winterize and re-winterize the property to fully check the plumbing and other systems.  Yes it is!  This one thing alone has saved my buyers tens of thousands during their bank owned purchase.  A Perna Team Realtor will always protect your right to a home inspection though many may advise buying a home "as-is"

DON'T: Don't accept anything less then a Warranty or Special Warranty Deed when working with a bank on a current Farmington Hills Bank Owned Home For Sale.  Quit Claim Deeds in Michigan offer no protection to purchaser though that's exactly what is given by many banks as well as all Tax Auctions in Michigan.  Cities will give a Quit Claim deed "quitting their claim" on a property whether they have one or not.  Clearing title from one of the taxes auctions typically costs $800-1500 in court and Atty fees.  Also as we are not attorney's and therefore cannot dispense legal advise we advise seeing a Real Estate Specific Attorney.  Foreclosed Homes for sale represent some of the worst, but legal, title transfers out there.

DO: Contact and have ready a Real Estate Related Attorney for any questions and issues that may arise.  As Realtors we're able to avoid almost all the pitfalls that may occur when buying a home, but from time to time an Attorney is necessary.  This may include putting your home into a Trust, or if selling, navigating the Probate steps if working with an estate.  Attorney's we find are similar to doctors.  When one has a tooth problem don't go to a foot doctor, go see the Dentist.  The foot doctor learned about eyes in Medical School but is not caught up on current procedures.  Should you need one, contact Melanie J Duda.  She is a fantastic Real Estate Lawyer we've found to keep her clients best interests at heart.  Her contact info can be found here www.mdudalaw.com.

For a deeper understanding of Bank Owned homes, the purchase process and how to get the best possible price contact The Perna Team at 248-221-1224 or MichaelPerna@kw.com

 

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IDX provided courtesy of Realcomp II Ltd., via Keller Williams Realty, Copyright 2020 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.