$477,821 EMV

4 Beds   2 Baths   2,601 Sq. Ft.   Single-Family
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Fonro Dr
Brighton, MI 48114

Overview

This Single-Family Preforeclosure is located at Fonro Dr, Brighton, MI 48114. It has 4 Beds, 2 Baths , 2,601 sqft of living space. This property is currently in pre-foreclosure with an estimated market value of $477,821
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Status: Inactive
Listing ID: 58223511

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Property Information

  • Bedrooms: 4
  • Bathrooms: 2
  • Living Area Size: 2,601
  • Lot Size: 0.52 acres
  • Year Built: 1993
  • Day(s) On Site: 41
  • Subdivision: BITTEN LAKE ESTATES
  • Property Type: Single Family Dwelling
  • Deed Category: NOD
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Potential Home Value

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Public Records

  • Bedrooms: 4
  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • Rooms: 7
  • Basement Sqft: 1,350
  • Parking: ATTACHED GARAGE
  • Parking Sqft: 374
  • Fireplaces: YES
  • Exterior Wall Type: ALUMINUM/VINYL
  • Heating Fuel: GAS
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 22,694
  • Year Built: 1993
  • APN: 12-04-102-039
  • Property Type: Single Family Residence
  • Township: BRIGHTON TWP
  • Front Footage: 120
  • Depth Footage: 189
  • Living Sqft: 2,025
  • Garage: ATTACHED
  • Style: CAPE COD
  • Subdivision: BITTEN LAKE ESTATES
  •  

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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Rental Value

The estimated rental value for Fonro Dr located in Brighton, MI is $2,310/month. Comparable homes around Fonro Dr that are rentals have monthly ranges starting as low as $2,190 per month and as high as $2,430 per month. An owner looking to use this property as an investment could bring a return in the area of $2,190 - $2,430 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.


Brighton, MI
Home Inspectors
J H Building, LLC
James Hynes Jr.
810-335-4935
TNT Inspection Services
Todd Arnold
810-772-1090
Homes On This Street
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foreclosure.com

Fonro Dr
Brighton, MI 48114

4 Beds   2 Baths   2,601 sq. ft.   Single-Family

$477,821 EMV

Status: Inactive Listing ID: 58223511

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Fonro-Dr-Brighton-MI-48114/58223511_lid

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