Foreclosure Listings in Harrison, Michigan

This post is an update to a series I publish weekly on available foreclosure listings in the Harrison, Michigan area. I also post a series on foreclosure listings that are currently available in Gladwin and Beaverton, Michigan as well.

You may find it helpful to check out all my foreclosure listing blog posts as they are updated weekly! On the right hand side of the screen you will find a button to click to subscribe to this blog. This will make it easy for you to get updates on available foreclosure listings!

I will start with a summary of important information to know and consider before beginning the process of searching for foreclosure listings (bank owned and HUD properties).

Definition of foreclosure according to wikipedia is:

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgement.

You may hear a Foreclosure sale called an REO or Repo...these are all synonyms for a house that has been foreclosed upon and is now bank owned.

Definition of HUD property

When someone with an FHA Insured mortgage defaults on the loan, the lender forecloses on the home; FHA pays the lender what is owed; and then HUD takes ownership of the home. In Michigan and other states HUD turns over the property to Michaelson, Connor and Boul Inc. (MCB) a Marketing and Management contractor for HUD. MCB maintains and sells these properties in accordance with HUD guidelines.

A great resource for answers to frequently asked questions about searching for, viewing, and the buying process of HUD homes is available at the FAQ page on mcbreo.com. Click here to view it!

1. The first step in buying any foreclosure listing or HUD home is to determine if you have the cash available or if you can qualify for some type of financing. When submitting an offer to purchase a foreclosed property most banks or government agencies will not even consider your offer unless it is accompanied by a letter of pre-approval from a lender or a proof of funds letter showing the availability of your cash. This step cannot be skipped and I cannot stress the importance of getting this in order before searching for available homes.

2. Find a local real estate agent familiar with the area you are looking in. Real estate is local and an out of town agent may not be fully aware of the intricacies of selling real estate in that specific area or know about certain things happening locally that may affect your decision to purchase in that area or buy that specific home. I am an Accredited Buyers Agent (ABR) fully qualified to represent buyers in the Gladwin, Michigan area and the surrounding communities of Beaverton, Harrison, Clare and Hope. I have extensive knowledge of the local real estate market and am very experienced in the sale of foreclosure listings. 60% of my business so far this year has come from the sale of foreclosed listings or HUD homes.

3. Buying a Foreclosure Listing or HUD property is not like buying from an individual. Almost all foreclosure listings or HUD properties are sold as-is, where-is, meaning that you will be buying the property in its present condition and no repairs will be made by the owner. Typically the house is priced according to its fair market value taking into account its condition. This does not mean that you should not do an inspection! As a matter of fact that is one of the most important steps...this will ensure you are fully aware of the condition of the home you are going to purchase and determine if you want to or can repair the home.

Banks work on their time line not yours and do only what is in their best interest. For the bank selling the property it is all about the bottom line. They will decide if your offer makes financial sense based on the local market, the value of the property and your method of payment. They will respond when they can (and do try to do so in a timely manner) but they do not have to respond at all if they do not like the offer. Banks can review multiple offers to purchase a property at one time and in this case usually require the highest and best offer from all parties who are interested in purchasing.

Remember foreclosure listings are vacant and immediate occupancy is given which can speed up the process of moving in!

Below is the list of foreclosure listings for sale in Gladwin, Michigan in the Clare/Gladwin Board of Realtors MLS and links to the HUD properties and Fannie Mae (Home Path) properties in the Gladwin, Michigan. I strongly advise that you contact me to check the properties availability as foreclosure listing and HUD properties are priced to sell in 90 days or less. The Gladwin, Michigan market has an average of 7.5 months to sell a property so when a bank decides on a list price to sell the property in 90 days or less they are priced well below market value and tend to sell quickly.

Available HUD properties in Harrison, Michigan.

526 Ithaca *new listing*

10281 Pigeon Dr

To view the foreclosure listings in the MLS, click the link here that will take you to my website, hit "Search the Clare/Gladwin MLS" on the menu bar and follow the prompt to get into the MLS. Click "Search By MLS Number" and type in any or all of the MLS numbers listed below for more information and pictures.

3325 Woods Rd MLS # 153842 *new listing*

608 Green MLS # 153845 *new listing*

4091 Dan Dr MLS # 153844 *new listing*

4301 Filter MLS # 153561

4312 Arnold Lake Rd MLS # 153607

3745 Bailey Lake Ave MLS # 153440

285 Maple MLS # 152760

1763 Mina MLS # 152962

7512 Arnold Lake Rd MLS # 153013

Available Fannie Mae (Home Path) Listings in Harrison, Michigan

5030 Southwood St, Harrison Michigan *new listing*

My job as your Realtor is to guide you through the process of buying a foreclosure listing or HUD property and to answer your questions with my experience, patience and understanding. Buying a foreclosure listing or HUD property is a big deal, exciting, and could be a great way to invest or buy your first home!I do offer a service to my clients that automatically emails you new listings that come on the market meeting your specific criteria. This eliminates the need for you to spend endless hours online sifting thru the current inventory. It also notifies you the day it comes on the market so you don't miss a great opportunity! Send an email or contact me by phone or text and tell me what you are looking for! I will set up the notification for you.

To continue receiving this update consider subscribing to my blog!! You can click the subscribe button on the right hand side of this page to subscribe.

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

Foreclosure Listings in Gladwin, Michigan

This post is an update to a series I publish weekly on available foreclosure listings in the Gladwin, Michigan. I also post a series on foreclosure listings that are currently available in Beaverton and Harrison, Michgan as well.

You may find it helpful to check out all my foreclosure listing blog posts as they are updated weekly! This will make it easy for you to get updates on available foreclosure listings!

I will start with a summary of important information to know and consider before beginning the process of searching for foreclosure listings (bank owned and HUD properties).

Definition of foreclosure according to wikipedia is:

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgement.

You may hear a Foreclosure sale called an REO or Repo...these are all synonyms for a house that has been foreclosed upon and is now bank owned.

Definition of HUD property

When someone with an FHA Insured mortgage defaults on the loan, the lender forecloses on the home; FHA pays the lender what is owed; and then HUD takes ownership of the home. In Michigan and other states HUD turns over the property to Michaelson, Connor and Boul Inc. (MCB) a Marketing and Management contractor for HUD. MCB maintains and sells these properties in accordance with HUD guidelines.

A great resource for answers to frequently asked questions about searching for, viewing, and the buying process of HUD homes is available at the FAQ page on mcbreo.com. Click here to view it!

1. The first step in buying any foreclosure listing or HUD home is to determine if you have the cash available or if you can qualify for some type of financing. When submitting an offer to purchase a foreclosed property most banks or government agencies will not even consider your offer unless it is accompanied by a letter of pre-approval from a lender or a proof of funds letter showing the availability of your cash. This step cannot be skipped and I cannot stress the importance of getting this in order before searching for available homes.

2. Find a local real estate agent familiar with the area you are looking in. Real estate is local and an out of town agent may not be fully aware of the intricacies of selling real estate in that specific area or know about certain things happening locally that may affect your decision to purchase in that area or buy that specific home. I am an Accredited Buyers Agent (ABR) fully qualified to represent buyers in the Gladwin, Michigan area and the surrounding communities of Beaverton, Harrison, Clare and Hope. I have extensive knowledge of the local real estate market and am very experienced in the sale of foreclosure listings. 60% of my business so far this year has come from the sale of foreclosed listings or HUD homes.

3. Buying a Foreclosure Listing or HUD property is not like buying from an individual. Almost all foreclosure listings or HUD properties are sold as-is, where-is, meaning that you will be buying the property in its present condition and no repairs will be made by the owner. Typically the house is priced according to its fair market value taking into account its condition. This does not mean that you should not do an inspection! As a matter of fact that is one of the most important steps...this will ensure you are fully aware of the condition of the home you are going to purchase and determine if you want to or can repair the home.

There will be additional paperwork involved in making an offer to purchase a bank owned/foreclosure listing. Banks typically have an addendum to the purchase agreement, as-is statement, and other documents that must be reviewed and signed and either sent along with the offer to purchase or signed after acceptance of your offer. The complexity and length of these documents is another reason why it is so important to choose an agent familiar with selling foreclosure listings. Your agent will guide you through the process, answering your questions along the way.

Banks work on their time line not yours and do only what is in their best interest. For the bank selling the property it is all about the bottom line. They will decide if your offer makes financial sense based on the local market, the value of the property and your method of payment. They will respond when they can (and do try to do so in a timely manner) but they do not have to respond at all if they do not like the offer. Banks can review multiple offers to purchase a property at one time and in this case usually require the highest and best offer from all parties who are interested in purchasing.

Remember foreclosure listings are vacant and immediate occupancy is given which can speed up the process of moving in!

Below is the list of foreclosure listings for sale in Gladwin, Michigan in the Clare/Gladwin Board of Realtors MLS and links to the HUD properties and Fannie Mae (Home Path) properties in the Gladwin, Michigan. I strongly advise that you contact me to check the properties availability as foreclosure listing and HUD properties are priced to sell in 90 days or less. The Gladwin, Michigan market has an average of 7.5 months to sell a property so when a bank decides on a list price to sell the property in 90 days or less they are priced well below market value and tend to sell quickly.

Currently available HUD properties in Gladwin, Michigan.

Two new listings found in the Gladwin area!!

300 Cemetary St *NEW*

520 S Hockaday Rd *NEW*

3880 M-18

To view the foreclosure listings in the MLS, click the link here that will take you to my website, hit "Search the Clare/Gladwin MLS" on the menu bar and follow the prompt to get into the MLS. Click "Search By MLS Number" and type in any or all of the MLS numbers listed below for more information and pictures.

No new listings from the MLS site this week, check back next week!

153264 1328 M-61, Gladwin MI

153386 1091 Radov Gladwin MI

152847 4608 River lane, Alger MI

153743 410 Third, Gladwin MI

Available Fannie Mae (Home Path) Listings in Gladwin, Michigan

One new listing found for the Gladwin area!

4895 Anglers Ln *NEW*

133 Dennis St

1328 W M-61, Gladwin

5469 Winchester Way

410 W 3rd St

401 E Cedar Ave

My job as your Realtor is to guide you through the process of buying a foreclosure listing or HUD property and to answer your questions with my experience, patience and understanding. Buying a foreclosure listing or HUD property is a big deal, exciting, and could be a great way to invest or buy your first home!

I do offer a service to my clients that automatically emails you new listings that come on the market meeting your specific criteria. This eliminates the need for you to spend endless hours online sifting thru the current inventory. It also notifies you the day it comes on the market so you don't miss a great opportunity! Send an email or contact me by phone or text and tell me what you are looking for! I will set up the notification for you.

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

Foreclosure Listings in Beaverton Michigan

This post is an update to a series I publish weekly on available foreclosure listings in the Beaverton, Michigan area. I also post a series on foreclosure listings that are currently available in Gladwin and Harrison, Michigan as well.

You may find it helpful to check out all my foreclosure listing blog posts as they are updated weekly! This will make it easy for you to get updates on available foreclosure listings!

I will start with a summary of important information to know and consider before beginning the process of searching for foreclosure listings (bank owned and HUD properties).

Definition of foreclosure according to wikipedia is:

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgement.

You may hear a Foreclosure sale called an REO or Repo...these are all synonyms for a house that has been foreclosed upon and is now bank owned.

Definition of HUD property

When someone with an FHA Insured mortgage defaults on the loan, the lender forecloses on the home; FHA pays the lender what is owed; and then HUD takes ownership of the home. In Michigan and other states HUD turns over the property to Michaelson, Connor and Boul Inc. (MCB) a Marketing and Management contractor for HUD. MCB maintains and sells these properties in accordance with HUD guidelines.

A great resource for answers to frequently asked questions about searching for, viewing, and the buying process of HUD homes is available at the FAQ page on mcbreo.com. Click here to view it!

1. The first step in buying any foreclosure listing or HUD home is to determine if you have the cash available or if you can qualify for some type of financing. When submitting an offer to purchase a foreclosed property most banks or government agencies will not even consider your offer unless it is accompanied by a letter of pre-approval from a lender or a proof of funds letter showing the availability of your cash. This step cannot be skipped and I cannot stress the importance of getting this in order before searching for available homes.

2. Find a local real estate agent familiar with the area you are looking in. Real estate is local and an out of town agent may not be fully aware of the intricacies of selling real estate in that specific area or know about certain things happening locally that may affect your decision to purchase in that area or buy that specific home. I am an Accredited Buyers Agent (ABR) fully qualified to represent buyers in the Gladwin, Michigan area and the surrounding communities of Beaverton, Harrison, Clare and Hope. I have extensive knowledge of the local real estate market and am very experienced in the sale of foreclosure listings. 60% of my business so far this year has come from the sale of foreclosed listings or HUD homes.

3. Buying a Foreclosure Listing or HUD property is not like buying from an individual. Almost all foreclosure listings or HUD properties are sold as-is, where-is, meaning that you will be buying the property in its present condition and no repairs will be made by the owner. Typically the house is priced according to its fair market value taking into account its condition. This does not mean that you should not do an inspection! As a matter of fact that is one of the most important steps...this will ensure you are fully aware of the condition of the home you are going to purchase and determine if you want to or can repair the home.

There will be additional paperwork involved in making an offer to purchase a bank owned/foreclosure listing. Banks typically have an addendum to the purchase agreement, as-is statement, and other documents that must be reviewed and signed and either sent along with the offer to purchase or signed after acceptance of your offer. The complexity and length of these documents is another reason why it is so important to choose an agent familiar with selling foreclosure listings. Your agent will guide you through the process, answering your questions along the way.

Banks work on their time line not yours and do only what is in their best interest. For the bank selling the property it is all about the bottom line. They will decide if your offer makes financial sense based on the local market, the value of the property and your method of payment. They will respond when they can (and do try to do so in a timely manner) but they do not have to respond at all if they do not like the offer. Banks can review multiple offers to purchase a property at one time and in this case usually require the highest and best offer from all parties who are interested in purchasing.

Remember foreclosure listings are vacant and immediate occupancy is given which can speed up the process of moving in!

Below is the list of foreclosure listings for sale in Gladwin, Michigan in the Clare/Gladwin Board of Realtors MLS and links to the HUD properties and Fannie Mae (Home Path) properties in the Gladwin, Michigan. I strongly advise that you contact me to check the properties availability as foreclosure listing and HUD properties are priced to sell in 90 days or less. The Gladwin, Michigan market has an average of 7.5 months to sell a property so when a bank decides on a list price to sell the property in 90 days or less they are priced well below market value and tend to sell quickly.

Available HUD properties in Beaverton, Michigan.

There are no HUD properties in Beaverton, Michigan this week. Check back for an updated list next week.

To view the foreclosure listings in the MLS, click the link here that will take you to my website, hit "Search the Clare/Gladwin MLS" on the menu bar and follow the prompt to get into the MLS. Click "Search By MLS Number" and type in any or all of the MLS numbers listed below for more information and pictures.

MLS # 153661 5786 M-30 BEAVERTON MICHIGAN

MLS # 153319 1920 LONG RD, BEAVERTON MICHIGAN

Available Fannie Mae (Home Path) Listings in Beaverton, Michigan

3487 Lakeview Dr, Beaverton Michigan

939 Quillette Dr, Beaverton Michigan

4223 Lake Dr, Beaverton Michigan

1920 Long Rd, Beaverton Michigan

2331 S. Whitney Beach Rd, Beaverton Michigan

My job as your Realtor is to guide you through the process of buying a foreclosure listing or HUD property and to answer your questions with my experience, patience and understanding. Buying a foreclosure listing or HUD property is a big deal, exciting, and could be a great way to invest or buy your first home!

I do offer a service to my clients that automatically emails you new listings that come on the market meeting your specific criteria. This eliminates the need for you to spend endless hours online sifting thru the current inventory. It also notifies you the day it comes on the market so you don't miss a great opportunity! Send an email or contact me by phone or text and tell me what you are looking for! I will set up the notification for you.

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

607 Sixth St Coleman, Mi 48618

607 Sixth St, Coleman Mi $79,000

4 BR, 2 BA ranch home in the city limits of Coleman. Very well maintained, neat and clean home with many updates. Galley style kitchen with new oak cupboards has separate pantry and opens up to dining area and large open living room. Master bedroom is done in tongue and groove knotty pine and offers a private bathroom. Nice landscaping, patio and detached garage. Bonus 10x14 building for workout room or office. Conveniently located to US 10 express way for quick commutes.

View Larger Map

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

Price Reduction

Parcel 4 of US 10, Lake Michigan

MLS# 153452 $26,900
Very nice rolling, wooded 11.45 acre parcel with poplar, maple and birch trees. Great location to build or just enjoy for recreation. Near Eight Point Lake access! Easy Land Contract terms available!!

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

Price Reduction

Parcel F of US 10, Lake Michigan
MLS# 153451 $24,900
12.74 acres in Canadea Acres provides a 1/22 shared interest in approximately 240 acres of wooded land for recreational purposes such as hunting, walking, orv riding, etc. Offers access to Chippewa River....Extensive trail system throughout the association acreage! Also near Eight Point Lake. Enjoy up north in a private, wooded area! Easy land contract terms available!

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

Traverse City Beaches make National List

Although us locals have known this all along, the word is out. Traverse City has again made the national spotlight by being named one of the top 10 beach towns by AOL.

Read the whole article here:

http://news.travel.aol.com/2010/06/18/americas-best-beach-towns//

Don't just take their word for it. Come experience the crystal clear water, miles of sandy lakeshore, a town rich in history, recreation galore, exquisite dining and a fine selection of homemade brew and wine for every palate!

Just a heads up . . . once you get here you'll never want to leave! Should that happen don't worry. The professionals at Homewaters can assist you in selecting just the right place to call home. An Accredited Buyers Representative I would love to assist you in finding a property that suits your lifestyle. Contact me at (231) 342-5127 or email at susan@homewaters.net.

Traverse Area Activity on the Rise!

MAR (Michigan Association of Realtors) has released the sales data for June 2010 and it's oh so delightful! As they say proof is in the puddin'. So here's the puddin'.

Sales
June 2009 Sales: 182
June 2010 Sales: 209
% of Change: 14.84%

Average Price
June 2009: $189,091
June 2010: $200,223
% of Change: 5.89%

YTD # of Sales
2009 - 807
2010: 988
% of Change: 22.43%

YTD Average Price
2009: $161,212
2010: $169,741
YTD % of Change: 5.29%

If you've been thinking about buying your slice of paradise contact the professionals at Homewaters. An Accredited Buyers Representative, I'd love to assist you in finding your idyllic getaway or year round residence. Contact me at (231) 342-5127 or by email at susan@homewaters.net.

Sale are way up in first half of 2010

According to statistics from The Paul Bunyan Board of Realtors (Primarily Wexford, Roscommon and Missaukee Counties), the numbers are reflective of what we've seen. More sales and prices are looking good too. Many people speculated that 2009 was our market bottom and we're seeing all kinds of indicators that may be true!! We've had a tremendous number of buyers viewing properties up north and this is usually the time of year they start making offers to purchase. Good luck as you search for your next place and please let us know if we can be of any help along the way!!

Statistics from Paul Bunyan Board of Realtors

Foreclosure listings in Gladwin Michigan

This post is an update to a series I publish weekly on available foreclosure listings in the Gladwin, Michigan. I also post a series on foreclosure listings that are currently available in Beaverton and Harrison, Michgan as well.

You may find it helpful to check out all my foreclosure listing blog posts as they are updated weekly! This will make it easy for you to get updates on available foreclosure listings!

I will start with a summary of important information to know and consider before beginning the process of searching for foreclosure listings (bank owned and HUD properties).

Definition of foreclosure according to wikipedia is:

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgement.

You may hear a Foreclosure sale called an REO or Repo...these are all synonyms for a house that has been foreclosed upon and is now bank owned.

Definition of HUD property

When someone with an FHA Insured mortgage defaults on the loan, the lender forecloses on the home; FHA pays the lender what is owed; and then HUD takes ownership of the home. In Michigan and other states HUD turns over the property to Michaelson, Connor and Boul Inc. (MCB) a Marketing and Management contractor for HUD. MCB maintains and sells these properties in accordance with HUD guidelines.

A great resource for answers to frequently asked questions about searching for, viewing, and the buying process of HUD homes is available at the FAQ page on mcbreo.com. Click here to view it!

1. The first step in buying any foreclosure listing or HUD home is to determine if you have the cash available or if you can qualify for some type of financing. When submitting an offer to purchase a foreclosed property most banks or government agencies will not even consider your offer unless it is accompanied by a letter of pre-approval from a lender or a proof of funds letter showing the availability of your cash. This step cannot be skipped and I cannot stress the importance of getting this in order before searching for available homes.

2. Find a local real estate agent familiar with the area you are looking in. Real estate is local and an out of town agent may not be fully aware of the intricacies of selling real estate in that specific area or know about certain things happening locally that may affect your decision to purchase in that area or buy that specific home. I am an Accredited Buyers Agent (ABR) fully qualified to represent buyers in the Gladwin, Michigan area and the surrounding communities of Beaverton, Harrison, Clare and Hope. I have extensive knowledge of the local real estate market and am very experienced in the sale of foreclosure listings. 60% of my business so far this year has come from the sale of foreclosed listings or HUD homes.

3. Buying a Foreclosure Listing or HUD property is not like buying from an individual. Almost all foreclosure listings or HUD properties are sold as-is, where-is, meaning that you will be buying the property in its present condition and no repairs will be made by the owner. Typically the house is priced according to its fair market value taking into account its condition. This does not mean that you should not do an inspection! As a matter of fact that is one of the most important steps...this will ensure you are fully aware of the condition of the home you are going to purchase and determine if you want to or can repair the home.

There will be additional paperwork involved in making an offer to purchase a bank owned/foreclosure listing. Banks typically have an addendum to the purchase agreement, as-is statement, and other documents that must be reviewed and signed and either sent along with the offer to purchase or signed after acceptance of your offer. The complexity and length of these documents is another reason why it is so important to choose an agent familiar with selling foreclosure listings. Your agent will guide you through the process, answering your questions along the way.

Banks work on their time line not yours and do only what is in their best interest. For the bank selling the property it is all about the bottom line. They will decide if your offer makes financial sense based on the local market, the value of the property and your method of payment. They will respond when they can (and do try to do so in a timely manner) but they do not have to respond at all if they do not like the offer. Banks can review multiple offers to purchase a property at one time and in this case usually require the highest and best offer from all parties who are interested in purchasing.

Remember foreclosure listings are vacant and immediate occupancy is given which can speed up the process of moving in!

Below is the list of foreclosure listings for sale in Gladwin, Michigan in the Clare/Gladwin Board of Realtors MLS and links to the HUD properties and Fannie Mae (Home Path) properties in the Gladwin, Michigan. I strongly advise that you contact me to check the properties availability as foreclosure listing and HUD properties are priced to sell in 90 days or less. The Gladwin, Michigan market has an average of 7.5 months to sell a property so when a bank decides on a list price to sell the property in 90 days or less they are priced well below market value and tend to sell quickly.

Currently available HUD properties in Gladwin, Michigan.

3880 M-18

To view the foreclosure listings in the MLS, click the link here that will take you to my website, hit "Search the Clare/Gladwin MLS" on the menu bar and follow the prompt to get into the MLS. Click "Search By MLS Number" and type in any or all of the MLS numbers listed below for more information and pictures.

No new listings from the MLS site this week, check back next week!

153535 760 Shearer, Gladwin MI

153264 1328 M-61, Gladwin MI

153386 1091 RADOV GLADWIN MI

152847 4608 River lane, Alger MI

153743 410 Third, Gladwin MI

Available Fannie Mae (Home Path) Listings in Gladwin, Michigan

133 Dennis St

1328 W M-61, Gladwin

5469 Winchester Way

410 W 3rd St

401 E Cedar Ave

My job as your Realtor is to guide you through the process of buying a foreclosure listing or HUD property and to answer your questions with my experience, patience and understanding. Buying a foreclosure listing or HUD property is a big deal, exciting, and could be a great way to invest or buy your first home!

I do offer a service to my clients that automatically emails you new listings that come on the market meeting your specific criteria. This eliminates the need for you to spend endless hours online sifting thru the current inventory. It also notifies you the day it comes on the market so you don't miss a great opportunity! Send an email or contact me by phone or text and tell me what you are looking for! I will set up the notification for you.

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

Foreclosure listings in Harrison, Michigan

Foreclosure Listings in Harrison, Michigan

This post is an update to a series I publish weekly on available foreclosure listings in the Harrison, Michigan area. I also post a series on foreclosure listings that are currently available in Gladwin and Beaverton, Michigan as well.

You may find it helpful to check out all my foreclosure listing blog posts as they are updated weekly! This will make it easy for you to get updates on available foreclosure listings!

I will start with a summary of important information to know and consider before beginning the process of searching for foreclosure listings (bank owned and HUD properties).

Definition of foreclosure according to wikipedia is:

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgement.

You may hear a Foreclosure sale called an REO or Repo...these are all synonyms for a house that has been foreclosed upon and is now bank owned.

Definition of HUD property

When someone with an FHA Insured mortgage defaults on the loan, the lender forecloses on the home; FHA pays the lender what is owed; and then HUD takes ownership of the home. In Michigan and other states HUD turns over the property to Michaelson, Connor and Boul Inc. (MCB) a Marketing and Management contractor for HUD. MCB maintains and sells these properties in accordance with HUD guidelines.

A great resource for answers to frequently asked questions about searching for, viewing, and the buying process of HUD homes is available at the FAQ page on mcbreo.com. Click here to view it!

1. The first step in buying any foreclosure listing or HUD home is to determine if you have the cash available or if you can qualify for some type of financing. When submitting an offer to purchase a foreclosed property most banks or government agencies will not even consider your offer unless it is accompanied by a letter of pre-approval from a lender or a proof of funds letter showing the availability of your cash. This step cannot be skipped and I cannot stress the importance of getting this in order before searching for available homes.

2. Find a local real estate agent familiar with the area you are looking in. Real estate is local and an out of town agent may not be fully aware of the intricacies of selling real estate in that specific area or know about certain things happening locally that may affect your decision to purchase in that area or buy that specific home. I am an Accredited Buyers Agent (ABR) fully qualified to represent buyers in the Gladwin, Michigan area and the surrounding communities of Beaverton, Harrison, Clare and Hope. I have extensive knowledge of the local real estate market and am very experienced in the sale of foreclosure listings. 60% of my business so far this year has come from the sale of foreclosed listings or HUD homes.

3. Buying a Foreclosure Listing or HUD property is not like buying from an individual. Almost all foreclosure listings or HUD properties are sold as-is, where-is, meaning that you will be buying the property in its present condition and no repairs will be made by the owner. Typically the house is priced according to its fair market value taking into account its condition. This does not mean that you should not do an inspection! As a matter of fact that is one of the most important steps...this will ensure you are fully aware of the condition of the home you are going to purchase and determine if you want to or can repair the home.

Banks work on their time line not yours and do only what is in their best interest. For the bank selling the property it is all about the bottom line. They will decide if your offer makes financial sense based on the local market, the value of the property and your method of payment. They will respond when they can (and do try to do so in a timely manner) but they do not have to respond at all if they do not like the offer. Banks can review multiple offers to purchase a property at one time and in this case usually require the highest and best offer from all parties who are interested in purchasing.

Remember foreclosure listings are vacant and immediate occupancy is given which can speed up the process of moving in!

Below is the list of foreclosure listings for sale in Gladwin, Michigan in the Clare/Gladwin Board of Realtors MLS and links to the HUD properties and Fannie Mae (Home Path) properties in the Gladwin, Michigan. I strongly advise that you contact me to check the properties availability as foreclosure listing and HUD properties are priced to sell in 90 days or less. The Gladwin, Michigan market has an average of 7.5 months to sell a property so when a bank decides on a list price to sell the property in 90 days or less they are priced well below market value and tend to sell quickly.

Available HUD properties in Harrison, Michigan.

4259 Filter Rd

10281 Pigeon Dr

To view the foreclosure listings in the MLS, click the link here that will take you to my website, hit "Search the Clare/Gladwin MLS" on the menu bar and follow the prompt to get into the MLS. Click "Search By MLS Number" and type in any or all of the MLS numbers listed below for more information and pictures.

152721 2650 CATHEY, HARRISON MICHIGAN

153561 4301 Filter, Harrison Michigan

15306 4312 Aronold Lake, Harrison Michigan

153440 3745 Bailey Lake Ave, Harrison Michigan

152799 8210 Jackson HARRISON MI

152760 285 Maple HARRISON MI

152962 1763 Mina, Harrison Michigan

153013 7521 ARNOLD LAKE RD, HARRISON MI

Available Fannie Mae (Home Path) Listings in Harrison, Michigan

NEW LISTING!!!!!

10887 N. Athey Avenue

My job as your Realtor is to guide you through the process of buying a foreclosure listing or HUD property and to answer your questions with my experience, patience and understanding. Buying a foreclosure listing or HUD property is a big deal, exciting, and could be a great way to invest or buy your first home!I do offer a service to my clients that automatically emails you new listings that come on the market meeting your specific criteria. This eliminates the need for you to spend endless hours online sifting thru the current inventory. It also notifies you the day it comes on the market so you don't miss a great opportunity! Send an email or contact me by phone or text and tell me what you are looking for! I will set up the notification for you.

Are you thinking about making Gladwin County, Michigan your new home? Gladwin County is home to both Wixom Lake and Secord Lake! Are you thinking about taking advantage of the great interest rates and affordable prices to buy your own slice of Northern Michigan Heaven? Contact me today and lets gets started! I know the area very well and I know the market even better! You can call me at 989-429-2600, email me at sonya@sonyaloose.com or visit my website.

Foreclosure listings in Beaverton Michigan

Foreclosure Listings in Beaverton, Michigan

This post is an update to a series I publish weekly on available foreclosure listings in the Beaverton, Michigan area. I also post a series on foreclosure listings that are currently available in Gladwin and Harrison, Michigan as well.

You may find it helpful to check out all my foreclosure listing blog posts as they are updated weekly! This will make it easy for you to get updates on available foreclosure listings!

I will start with a summary of important information to know and consider before beginning the process of searching for foreclosure listings (bank owned and HUD properties).

Definition of foreclosure according to wikipedia is:

The foreclosure process as applied to residential mortgage loans is a bank or other secured creditor selling or repossessing a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a "mortgage" or "deed of trust". Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, the lender can sell the property and keep the proceeds to pay off its mortgage and any legal costs, and it is typically said that "the lender has foreclosed its mortgage or lien". If the promissory note was made with a recourse clause then if the sale does not bring enough to pay the existing balance of principal and fees the mortgagee can file a claim for a deficiency judgement.

You may hear a Foreclosure sale called an REO or Repo...these are all synonyms for a house that has been foreclosed upon and is now bank owned.

Definition of HUD property

When someone with an FHA Insured mortgage defaults on the loan, the lender forecloses on the home; FHA pays the lender what is owed; and then HUD takes ownership of the home. In Michigan and other states HUD turns over the property to Michaelson, Connor and Boul Inc. (MCB) a Marketing and Management contractor for HUD. MCB maintains and sells these properties in accordance with HUD guidelines.

A great resource for answers to frequently asked questions about searching for, viewing, and the buying process of HUD homes is available at the FAQ page on mcbreo.com. Click here to view it!

1. The first step in buying any foreclosure listing or HUD home is to determine if you have the cash available or if you can qualify for some type of financing. When submitting an offer to purchase a foreclosed property most banks or government agencies will not even consider your offer unless it is accompanied by a letter of pre-approval from a lender or a proof of funds letter showing the availability of your cash. This step cannot be skipped and I cannot stress the importance of getting this in order before searching for available homes.

2. Find a local real estate agent familiar with the area you are looking in. Real estate is local and an out of town agent may not be fully aware of the intricacies of selling real estate in that specific area or know about certain things happening locally that may affect your decision to purchase in that area or buy that specific home. I am an Accredited Buyers Agent (ABR) fully qualified to represent buyers in the Gladwin, Michigan area and the surrounding communities of Beaverton, Harrison, Clare and Hope. I have extensive knowledge of the local real estate market and am very experienced in the sale of foreclosure listings. 60% of my business so far this year has come from the sale of foreclosed listings or HUD homes.

3. Buying a Foreclosure Listing or HUD property is not like buying from an individual. Almost all foreclosure listings or HUD properties are sold as-is, where-is, meaning that you will be buying the property in its present condition and no repairs will be made by the owner. Typically the house is priced according to its fair market value taking into account its condition. This does not mean that you should not do an inspection! As a matter of fact that is one of the most important steps...this will ensure you are fully aware of the condition of the home you are going to purchase and determine if you want to or can repair the home.

There will be additional paperwork involved in making an offer to purchase a bank owned/foreclosure listing. Banks typically have an addendum to the purchase agreement, as-is statement, and other documents that must be reviewed and signed and either sent along with the offer to purchase or signed after acceptance of your offer. The complexity and length of these documents is another reason why it is so important to choose an agent familiar with selling foreclosure listings. Your agent will guide you through the process, answering your questions along the way.

Banks work on their time line not yours and do only what is in their best interest. For the bank selling the property it is all about the bottom line. They will decide if your offer makes financial sense based on the local market, the value of the property and your method of payment. They will respond when they can (and do try to do so in a timely manner) but they do not have to respond at all if they do not like the offer. Banks can review multiple offers to purchase a property at one time and in this case usually require the highest and best offer from all parties who are interested in purchasing.

Remember foreclosure listings are vacant and immediate occupancy is given which can speed up the process of moving in!

Below is the list of foreclosure listings for sale in Gladwin, Michigan in the Clare/Gladwin Board of Realtors MLS and links to the HUD properties and Fannie Mae (Home Path) properties in the Gladwin, Michigan. I strongly advise that you contact me to check the properties availability as foreclosure listing and HUD properties are priced to sell in 90 days or less. The Gladwin, Michigan market has an average of 7.5 months to sell a property so when a bank decides on a list price to sell the property in 90 days or less they are priced well below market value and tend to sell quickly.

Available HUD properties in Beaverton, Michigan.

There are no HUD properties in Beaverton, Michigan this week. Check back for an updated list next week.

To view the foreclosure listings in the MLS, click the link here that will take you to my website, hit "Search the Clare/Gladwin MLS" on the menu bar and follow the prompt to get into the MLS. Click "Search By MLS Number" and type in any or all of the MLS numbers listed below for more information and pictures.

5786 M-30 BEAVERTON MICHIGAN MLS # 153661

1920 LONG RD, BEAVERTON MICHIGAN MLS # 153319

Available Fannie Mae (Home Path) Listings in Beaverton, Michigan

4223 LAKE DR, BEAVERTON MICHIGAN

1920 LONG RD, BEAVERTON MICHIGAN

2331 S. Whitney Beach Rd

My job as your Realtor is to guide you through the process of buying a foreclosure listing or HUD property and to answer your questions with my experience, patience and understanding. Buying a foreclosure listing or HUD property is a big deal, exciting, and could be a great way to invest or buy your first home!

I do offer a service to my clients that automatically emails you new listings that come on the market meeting your specific criteria. This eliminates the need for you to spend endless hours online sifting thru the current inventory. It also notifies you the day it comes on the market so you don't miss a great opportunity! Send an email or contact me by phone or text and tell me what you are looking for! I will set up the notification for you.