Mini Mortgages for Properties on Lists (Reo properties) of Bank Foreclosures
Saturday, July 4th, 2009Veteran and novice homebuyers know that they can have homes at big discounts from lists of bank foreclosures. But some homeowners in Detroit, Michigan still could not afford to buy their dream houses because of the difficulty of stretching their small mortgages. With mini-mortgages, homebuyers who have $30,000 and less are … foreclosure listings
More than half of total home sales in Grand Rapids, Michigan in June were foreclosed home listing sales or short sales, based on real estate sales data in Michigan. Out of the 1,081 houses sold in June, 53 percent were foreclosed home listing properties or homes sold through short sales. Additionally, … foreclosure listings
Foreclosed home listing prices in the Midwest maintained their affordable levels last month, based on a study of residential real estate prices in the Midwest in May. Median sales prices for existing homes in the Midwestern cities decreased to $145,800, a 10 percent drop from May 2008. But because of high … foreclosure listings