$295,074 EMV

3 Beds   2 Baths   1,616 Sq. Ft.   Single-Family
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Cobalt Ave
Waterford, MI 48327

Status: Inactive
Listing ID: 56837605

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Property Information

  • Bedrooms: 3
  • Bathrooms: 2
  • Living Area Size: 1,616
  • Year Built: 1988
  • Comments: Invest with success and buy through Auction.com. This foreclosure investment property is a great opportunity to rehab and flip for potential profit or rent out for long-term income. This 1,616 square feet property features 3 beds and 2.0 baths. It is located in Oakland County in the city of Waterford. Be ready to bid and buy at auction on 01-18-2022. Visit Auction.com to find additional property details, time-saving reports, and important auction information.
  • Day(s) On Site: 86
  • Subdivision: ELIZABETH-CASS HEIGHTS
  • Property Type: Single Family Dwelling
  • Deed Category: NFS

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Public Records

  • Bedrooms: 3
  • Baths: 2
  • Full Baths: 2
  • Rooms: 7
  • No. of Stories: BI-LEVEL
  • Basement Sqft: 832
  • Parking: DETACHED GARAGE
  • Parking Sqft: 484
  • Air Conditioning: YES
  • Fireplaces: 1 OPENING
  • Exterior Wall Type: ALUMINUM/VINYL
  • Heating Fuel: GAS
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: HIP
  • Land Area Sqft: 4,792
  • Year Built: 1988
  • APN: 13-34-326-006
  • Property Type: Single Family Residence
  • Township: WATERFORD TOWNSHIP
  • Front Footage: 40
  • Depth Footage: 120
  • Living Sqft: 1,616
  • Garage: DETACHED
  • Style: BI-LEVEL
  • Sewer Type: PUBLIC
  • Subdivision: ELIZABETH-CASS HEIGHTS
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Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Address: Cobalt Ave Waterford MI 48327

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Auction Information

  • Minimum Bid: $195,347
  • Auction Date: 01-18-2022

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Listing History

Start Date End Date Listing Type Bank Name
01/21/22   Foreclosure
11/02/21 11/30/21 Preforeclosure Specialized Loan Servicing LLC

Homes On This Street
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Cobalt Ave
Waterford, MI 48327

3 Beds   2 Baths   1,616 sq. ft.   Single-Family

$295,074 EMV

Status: Inactive Listing ID: 56837605

Property Information

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Public Records

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Property Description

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