Detroit Real Estate

Farmington Foreclosure statistics

 Farmington MI real estate is very similar to most of Metro Detroit real estate.  There are foreclosures in every Metro Detroit suburb in all price ranges.  Currently there are 8 Farmington foreclosures.  The lowest price one is 80,000 and the highest one over $180,000.

There are more Farmington foreclosures coming.  No income bracket or demographic seems to be immune to losing their home to foreclosure. 

Farmington Short Sales 

There are 9 Farmington homes for sale that are short sales.  Short sales are where the home owner is trying to sell the Farmington home for less than what they owe on the mortgage.  Short sales take the banks approval and usually take longer to get done.

Farmington Corporate relocation sales

There are no corporate relocation homes for sale in Novi at this moment.

Usually foreclosures, short sales, corporate relocation are homes buyers should look at because they may be priced below market value.  Banks are pricing foreclosures very aggressively to get rid of them.  It just depends on the bank whether it is a good price or not.

 For more on Farmington MI or to search Farmington MI homes for sale go to my website Oakland County MI Real estate

Feel free to call or email me about Farmington foreclosures or short sales.  cell 313-310-9855  or info@russRavary.com

Comp and Listing Information Courtesy of Realcomp II Ltd, Properties shown have been listed and sold by various MLS member REALTOR® agents