2 Beds   1 Bath   1,044 Sq. Ft.   Single-Family
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Tulane Ave
Farmington Hills, MI 48336

Overview

This Single-Family Preforeclosure is located at Tulane Ave, Farmington Hills, MI 48336. It has 2 Beds, 1 Bath , 1,044 sqft of living space. This property is currently in auction.
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Status: Inactive
Listing ID: 52871159

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 1,044
  • Year Built: 1948
  • 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 1,044 square feet property features 2 beds and 1.0 bath. It is located in Oakland County in the city of Farmington Hills. Be ready to bid and buy at auction on 05-10-2022. Visit Auction.com to find additional property details, time-saving reports, and important auction information.
  • Day(s) On Site: 1084
  • Subdivision: GRAND RIVER HOMES
  • Property Type: Single Family Dwelling
  • Deed Category: NFS

Potential Home Value

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Public Records

  • Bedrooms: 2
  • Baths: 1
  • Full Baths: 1
  • Rooms: 4
  • No. of Stories: 1
  • Basement Sqft: 875
  • Parking: DETACHED GARAGE
  • Parking Sqft: 238
  • Air Conditioning: YES
  • Fireplaces: YES
  • Exterior Wall Type: ASPHALT SIDING
  • Heating Fuel: ELECTRIC
  • Heating Type: FORCED AIR
  • Roof Material: ASPHALT
  • Roof Type: GABLE
  • Land Area Sqft: 7,841
  • Effective Year Built: 1961
  • Year Built: 1948
  • APN: 23-35-232-014
  • Property Type: Single Family Residence
  • Township: FARMINGTON HILLS
  • Front Footage: 70
  • Depth Footage: 112
  • Living Sqft: 1,043
  • Garage: DETACHED
  • Style: BUNGALOW
  • Sewer Type: PUBLIC
  • Subdivision: GRAND RIVER HOMES

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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Auction.com Online Auction

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Address: Tulane Ave Farmington Hills MI 48336

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Auction Information

  • Minimum Bid: $45,000
  • Auction Date: 05-10-2022

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Farmington Hills, MI
Home Inspectors
Amerispec Home Inspection Service
Richard Hogan
248-324-4418
Homes On This Street
View more homes on Tulane Ave
foreclosure.com

Tulane Ave
Farmington Hills, MI 48336

2 Beds   1 Bath   1,044 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 52871159

Property Information

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Public Records

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Property Description

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Listing URL

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