Oakland County lakefront foreclosures

 

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Are their still deals in Oakland County lakefront foreclosures?  Sometimes yes sometimes no.  The banks have realized that Metro Detroit real estate has low inventory and is a seller’s market.  So many banks are listing their lakefront foreclosures close to regular market price.  So those are no great or tremendous deals.  You can not low ball them either because there are many other lake home buyers that want that deal too.  Where the deals may be in in the home that needs renovation.  Todays lakefront home buyers prefer a fixed up home.  Not many people want to take the time or have the money to do major renovation on an Oakland County lakefront foreclosure.

There are alternatives to buying a foreclosed lake foreclosure with all the work.  Sometimes it is smarter to  buy Crescent Lake Waterfront Properties or maybe you want a small pond like Crosby Lake Independence Township that is good for fishing and kayaking.  Sometimes the smaller lakes, the unknown lakes are nice because they have no public access.  There are not many Lakefront Homes for Sale on Crystal Lake in Pontiac Michigan in any year but it is worth looking at.

There has been a slowdown of Oakland County lakefront foreclosures because so many homeowners sell their home as a short sale prior to it going into foreclosure.  Right now there are 8 Oakland County lakefront foreclosures for sale as of 1/13/13.  They have been on the market an average of 83 days.    Here is the list of foreclosed homes that the computer found.

ADDRESS WATER   NAME LIST   PRICE SQ FT BEDS BATHS LIST   DATE
1917   VIOLA DR 99900 1160 3 1 ########
6828   FORESTLAWN CT 122900 1616 3 2 ########
2185   SCOTT LAKE RD 149700 1541 2 1.1 ########
80   LAKEVIEW DR INDIAN LAKE 167900 1533 4 3 1/2/2013
6863   BRIGHTWOOD CT 169000 1680 3 2 ########
890 SUNNYBEACH BLVD 207900 2341 3 2.1 ########
3402 N   QUARRY CREEK DR 274900 2518 3 3.1 1/4/2013
7859   PINE RIDGE DR LAKE MARIA 293900 3470 5 4.1 6/7/2012

 

Looking for the best home deal and the latest foreclosures join my VIP Foreclosures Club Russ’ VIP Foreclosure club and get the latest foreclosures emailed to you daily so you don’t miss out on the best deals.

If you want a subdivision home you could watch for foreclosures in Northville Michigan.  There are only a few small non motorized lakes in Northville.  You have to go further north in Oakland County to find the bigger all sports lakes.  Right across the street from the more expensive Union Lake you will find more moderate priced homes on Cooley Lake in White Lake Michigan.  You may want even a smaller lake with less boat traffic like Cranberry Lake in White Lake MI.

Selling a lake home is about getting top dollar if possible.  I always like to give you home selling tips on what to do to improve your lake home so it sells quickly.  Remember there are tips or advice on what to do.  You do not have to do any of them to sell your home with me.  I just want you to get the most money possible to get your home sold.  How to sell your Highland Michigan lakefront home and Lakefront homes for sale in Highland MI – Highland lake selling tips

 

 

 

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