This Single-Family is located at Nelson Ave, Romulus, MI 48174. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time. It has 2 Beds, 1 Bath , 700 sqft of living space.
Save money on this property now.
This single-family property is available as a foreclosure at Nelson Ave. It has 2 bedrooms, 1 bathrooms, and 700 square feet of living space. Based on our analysis of the current market conditions in Romulus for Nelson Ave and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Nelson Ave are updated daily along with others in Romulus, Michigan.
The property located at Nelson Ave in Romulus, MI is listed as a ForeclosureProperties like Nelson Ave in Romulus, Michigan 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 in Romulus, MI. The longer lenders own properties like this on Nelson Ave, the more eager they become to sell, often at reduced prices.
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:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
Calculate monthly mortgage payments with our easy mortgage loan calculator.
Millions of people receive foreclosure alerts daily, don't miss out.
Alert me about homes in that match this search.
By signing up for property alerts, I have read the Terms and Conditions of Service and agree to receive emails from Foreclosure.com.