Short Sales Foreclosures

Here are a few of our foreclosure properties that are available:

Foreclosures Oxford

1971 Somerville Dr.  $128,000

595 Lapeer Road       $1,100,000

Foreclosures Lake Orion

266 Park Green         $65,500

Foreclosures Orion

914 Shrewsbury       $238,500

Contact us for your free foreclosure updates.  An agent will contact you for your search criteria, and then updates will be emailed to you.  Just fill in the form at the bottom of this page.

Short-Sale - A short sale occurs when a property is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less money than is actually owed.

Deed-in-lieu-of-foreclosure – A deed given by an owner/borrower to a lender to prevent the lender from bringing foreclosure proceedings. The validity of the deed depends to some degree on “fairness” under the circumstance, and adequacy of consideration will be considered.

Foreclosure – A proceeding in or out of court, to extinguish all rights, title, and interest, of the owner of property in order to sell the property to satisfy a lien against it.