The properties listed here are the latest REO (Real Estate Owned), bank owned properties, already foreclosed by the lender. These are typically owned by the bank, free and clear of all liens, with full rights of ownership.
Short sales are not the same as foreclosures. A short sale listing is typically still owned by the borrower, however, the amount of the mortgage exceeds the value of the property or there is not enough equity available to deliver title free of liens after the sale at market value less the cost of selling; i.e. transfer tax, sales commission, etc... Therefore, the existing lender will need to approve the short sale since they will not receive the full amount of the mortgage balance. We've devoted a completely seperate page that displays the southwest Michigan short sales listed for sale in the MLS.
- View all bank owned properties in Southwest Michigan, sorted by price.
- View all bank owned properties sorted by D.O.M., days on market.
*Note: when the new page opens, look for the "Save this Search" link located in the upper left hand section of the property list. This will setup a daily listing alert that will notify you of any new listings and price reductions. Use this feature to be among the very first to learn about new foreclosures and REO's listed for sale.
Over 16 acres of land to call your own, and the house is also yours to do with what you choose! Potential can be seen (when you squint your eyes). Outbuildings on behind ...
Listing courtesy of Listing Agent: Greg Miller (greg@activerealtors.com) from Listing Office: Active Realtors.
Three bedroom home in the City of Watervliet with a detached garage plus another outbuilding. The livingroom is sizeable as is the main bedroom and the backyard is fenced...
Listing courtesy of Listing Agent: Greg Miller (greg@activerealtors.com) from Listing Office: Active Realtors.
Large five bedroom home with two full baths on the outskirts of Niles City limits. Located in an area with great access to general employment, shopping, and recreational ...
Listing courtesy of Listing Agent: Greg Miller (greg@activerealtors.com) from Listing Office: Active Realtors.
Bi level home in average condition in qiuet dead end street location, 1779 sqft of living space with 755 sqft finished lower level with 3 bedroms and one full bath, one b...
Listing courtesy of Listing Agent: Alex Caban (alexander.caban@gmail.com) from Listing Office: Bon Realty.
Large 3 bedroom home in the Riverside area. Great curb appeal with large covered front porch. This home offers a large living room, formal dining, eat in kitchen, bedroom...
Listing courtesy of Listing Agent: Brian Newton (briann@sunriserealestateinc.com) from Listing Office: Sunrise Real Estate, Inc..
My Associate Brokers and Agents specialize in property acquitision throughout Southwest Michigan. We have helped hundreds of buyers locate properties that are onwed by banks, in foreclosure, and many distressed properties headed for foreclosure. The best deals are often executed before a property is listed for sale in the MLS, by targeting properties with delinquent mortgages and / or are behind in real estate tax payments. This often results in the best possible outcome for all involved, including the buyer, the seller, and the lender. To speak with a local expert, call my office at 269-783-5253 and ask about Southwest Michigan foreclosures.