$6,000

3 Beds   1 Bath

494 Frazier St, River Rouge, MI 48218

Status: Inactive
Listing ID: 33541735

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Property Information

  • Price: $6,000
  • Bedrooms: 3
  • Bathrooms: 1
  • Total Square Feet: 1,021
  • Day(s) On Site: 3587
  •  

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Current Value
$6,000
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Foreclosure

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Homes On This Street
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Frazier St
River Rouge, MI 48218

3 Beds   1 Bath

$6,000

Status: Inactive Listing ID: 33541735

Property Information

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Property Description

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Listing URL

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